Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.003%

Price spread now: Kraken Futures against Bitget+0.164%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$640.644% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.164%, 7d avg +0.073%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.091% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1530	0.0100	pay 0.0050% / 4h	2h 51m	$15.5M	$26.3M	75x
Short	Kraken Futures PF_TRUMPUSD	2.1565	0.0197	get 0.0025% / 1h	51m 19s	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.164%Rate

Funding earned: $20.39
Price spread: +0.164% → +0.073%: $9.14
Slippage, 4 orders: −$42.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$34.88
Costs to cover: 0.644%
Break-even: 19.0 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Bitget live order book, 2 min ago	2.33 bp	12.9 bp −$13	15.9 bp −$159	47.7 bp −$4,766	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.64 bp	20.9 bp −$21	35.9 bp −$359	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	−0.1827%	1h	2.1420	−0.511%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0489%	1h	2.1535	+0.023%	$85	$6K	5x	as long as short
Lighter TRUMP	−0.0384%	1h	2.1496	−0.158%	$951K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0308%	4h	2.1550	+0.093%	$30.6M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1527	−0.016%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0235%	8h	2.1494	−0.167%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0214%	1h	2.1550	+0.093%	$406K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0210%	4h	2.1540	+0.046%	$7.7M	$52.2M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1534	+0.019%	$74K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0198%	4h	2.1520	−0.046%	$60.7M	$246.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	−0.118%	$105K	$264K	20x	as long as short
Variational Omni TRUMP	−0.0086%	4h	2.1551	+0.099%	$665K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0041%	1h	2.1546	+0.075%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1536	+0.029%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0019%	4h	2.1530	0.000%	$5K	$208K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1544	+0.065%	$41K	—	150x	as long as short
OKX TRUMP-USDT-SWAP	+0.0012%	4h	2.1530	0.000%	$27.3M	$179.4M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1520	−0.047%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0045%	4h	2.1540	+0.046%	$4.2M	$648K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1544	+0.065%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.091%	$405K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1517	−0.060%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	−0.046%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	−0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1530	long leg	$15.5M	$26.3M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1530	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	0.000%	$490K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1549	+0.087%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0197%	1h	2.1565	+0.164%	$1.3M	$2.3M	50x
Backpack TRUMP_USDC_PERP	+0.0388%	1h	2.1574	+0.204%	$382K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.325%	$286K	$305K	50x	as long as short