TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0209%/8h= +22.9% APRnext payment +$1.05 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Binance+0.041%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.041%, 7d avg +0.001%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.040% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1671	−0.0109	get 0.0055% / 4h	3h 19m	$61.2M	$246.0M	75x
Short	KuCoin TRUMPUSDTM	2.1680	0.0100	get 0.0050% / 4h	3h 19m	$4.2M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $43.95
Price spread: +0.041% → +0.001%: $3.97
Slippage, 4 orders: −$25.67
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.26
Costs to cover: 0.477%
Break-even: 7.0 days

Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 9 min ago	2.30 bp	7.3 bp −$7	12.9 bp −$129	38.2 bp −$3,817	259.2 bp −$129.6K
Sell KuCoin live order book, 4 min ago	2.31 bp	15.8 bp −$16	69.1 bp −$691	doesn't fit	doesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1765%	1h	2.1550	−0.559%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0319%	1h	2.1690	+0.087%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0295%	8h	2.1693	+0.102%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1701	+0.140%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0176%	4h	2.1690	+0.087%	$7.9M	$52.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1702	+0.142%	$408K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1664	−0.033%	$74K	$714K	25x	as long as short
Binance TRUMPUSDTlong	−0.0109%	4h	2.1671	long leg	$61.2M	$246.0M	75x
edgeX TRUMPUSDC	−0.0046%	4h	2.1660	−0.053%	$106K	$264K	20x	as long as short
Bybit TRUMPUSDT	−0.0036%	4h	2.1680	+0.041%	$30.7M	$50.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0023%	4h	2.1681	+0.046%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1666	−0.023%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1710	+0.181%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0014%	4h	2.1700	+0.133%	$4K	$193K	10x	as long as short
Lighter TRUMP	+0.0016%	1h	2.1672	+0.004%	$957K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1685	+0.064%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1690	+0.087%	$177K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1681	+0.045%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1683	+0.056%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1686	+0.068%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1660	−0.052%	$27.7M	$178.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1670	−0.005%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1680	+0.041%	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1680	+0.041%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.225%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.271%	$497K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0135%	4h	2.1670	−0.005%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1716	+0.207%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1722	+0.234%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0207%	1h	2.1704	+0.151%	$341K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1720	+0.225%	$281K	$277K	50x	as long as short