Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.030%

Price spread now: Coinbase International against BloFin+0.876%58s7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$710.715% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)−0.828%−$83 · spread now +0.876%, 7d avg +0.089%

Together, before fees−0.969%−$97 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.787% dearer against BloFin than usual: you sell high and buy low: +$79 more if the spread goes back to its 7-day average of +0.089%. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment. 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	BloFin TRUMP-USDT	2.1700	0.0157	pay 0.0079% / 4h	3h 25m	$4.2M	$679K	75x
Short	Coinbase International TRUMP-PERP-INTX	2.1890	0.0400	get 0.0050% / 1h	25m 52s	$283K	$279K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.876%Rate

Funding earned: $51.02
Price spread: +0.876% → +0.089%: $78.68
Slippage, 4 orders: −$49.49
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $58.2
Costs to cover: 0.715%
Break-even: from the start

Slippage from BloFin: live order book, 8 min ago; Coinbase International: live order book, 27 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 BloFin live order book, 8 min ago	6.88 bp	12.9 bp −$13	14.5 bp −$145	37.8 bp −$3,780	148.1 bp −$74.0K
Sell Coinbase International live order book, 27 min ago	13.74 bp	22.5 bp −$23	25.3 bp −$253	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	2.1660	−0.184%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERP	−0.0308%	8h	2.1685	−0.071%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0273%	1h	2.1685	−0.069%	$88	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.042%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0176%	4h	2.1720	+0.092%	$7.9M	$51.7M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0165%	1h	2.1704	+0.018%	$408K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0089%	4h	2.1710	+0.046%	$61.4M	$245.5M	75x	as long as short
Extended TRUMP-USD	−0.0088%	1h	2.1699	−0.005%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0037%	4h	2.1799	+0.458%	$106K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0020%	4h	2.1681	−0.088%	$670K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0005%	1h	2.1720	+0.092%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1713	+0.058%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0023%	4h	2.1690	−0.046%	$3K	$188K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1680	−0.092%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1704	+0.018%	$958K	$975K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	+0.415%	$179K	$4.6M	10x	as long as short
Bybit TRUMPUSDT	+0.0094%	4h	2.1720	+0.092%	$30.8M	$50.2M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1726	+0.120%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1726	+0.121%	$409K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1691	−0.041%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1710	+0.046%	$27.7M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1700	0.000%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1710	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	+0.092%	$15.8M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.092%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1720	+0.092%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDTlong	+0.0157%	4h	2.1700	long leg	$4.2M	$679K	75x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1707	+0.032%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1715	+0.071%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0253%	1h	2.1725	+0.115%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0400%	1h	2.1890	+0.876%	$283K	$279K	50x