Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.046%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.046%, 7d avg +0.007%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.039% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1900	0.0100	pay 0.0050% / 4h	1h 58m	$15.7M	$24.4M	75x
Short	KuCoin TRUMPUSDTM	2.1910	0.0100	get 0.0050% / 4h	1h 58m	$4.2M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.007%: $3.9
Slippage, 4 orders: −$40.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.92
Costs to cover: 0.648%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	2.27 bp	12.3 bp −$12	13.8 bp −$138	41.0 bp −$4,103	doesn't fit
Sell KuCoin live order book, 5 min ago	2.27 bp	19.2 bp −$19	102.6 bp −$1,026	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1659%	1h	2.1820	−0.365%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1861	−0.177%	$5	—	10x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1847	−0.242%	$972K	$790K	10x	as long as short
SoDEX TRUMP-USD	−0.0171%	1h	2.1875	−0.114%	$83	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0084%	4h	2.1890	−0.046%	$7.7M	$48.8M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	−0.062%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1882	−0.082%	$412K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1881	−0.087%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1918	+0.084%	$106K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0065%	8h	2.1899	−0.004%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0085%	4h	2.1870	−0.137%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1891	−0.041%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1908	+0.035%	$433K	$859K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1917	+0.077%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1859	−0.188%	$63.5M	$234.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	−0.228%	$31.4M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.228%	$28.4M	$168.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	−0.137%	$435K	$141K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1910	+0.046%	$4.2M	$11.0M	50x
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1900	long leg	$15.7M	$24.4M	75x
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1911	+0.050%	$258K	$315K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	+0.051%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1941	+0.189%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.137%	$538K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1890	−0.046%	$77K	$626K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1875	−0.114%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1878	−0.100%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0286%	1h	2.1904	+0.017%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.457%	$285K	$303K	50x	as long as short