Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h −0.040%

Price spread now: Kraken Futures against BloFin+0.522%57s7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as 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−$600.604% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.522%, 7d avg +0.084%

Together, before fees−0.845%−$84 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.439% dearer against BloFin than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.084%. Mind the row above: over the last 7 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.1440	−0.0148	get 0.0074% / 4h	42m 01s	$4.3M	$656K	75x
Short	Kraken Futures PF_TRUMPUSD	2.1552	0.0325	get 0.0041% / 1h	42m 01s	$1.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.522%Rate

Funding earned: $99.38
Price spread: +0.522% → +0.084%: $43.86
Slippage, 4 orders: −$38.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $82.82
Costs to cover: 0.604%
Break-even: 1.2 days

Slippage from BloFin: live order book, 4 min ago; Kraken Futures: 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 BloFin live order book, 4 min ago	4.68 bp	10.7 bp −$11	12.1 bp −$121	30.2 bp −$3,017	160.0 bp −$80.0K
Sell Kraken Futures live order book, 5 min ago	4.67 bp	20.0 bp −$20	33.2 bp −$332	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
SoDEX TRUMP-USD	−0.0397%	1h	2.1515	+0.350%	$79	$6K	5x	as long as short
Extended TRUMP-USD	−0.0392%	1h	2.1508	+0.315%	$76K	$480K	25x	as long as short
Binance TRUMPUSDT	−0.0389%	4h	2.1520	+0.375%	$63.0M	$234.6M	75x	as long as short
Variational Omni TRUMP	−0.0388%	4h	2.1350	−0.422%	$665K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0346%	4h	2.1510	+0.326%	$31.3M	$48.0M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.793%	$125K	$518K	50x	as long as short
Lighter TRUMP	−0.0312%	1h	2.1508	+0.317%	$920K	$929K	10x	as long as short
MEXC TRUMP_USDC	−0.0290%	4h	2.1490	+0.233%	$389K	$142K	125x	as long as short
OKX TRUMP-USDT-SWAP	−0.0266%	4h	2.1520	+0.373%	$27.3M	$172.4M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1499	+0.277%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0230%	4h	2.1520	+0.373%	$4.3M	$10.0M	50x	as long as short
Gate TRUMP_USDT	−0.0196%	4h	2.1520	+0.373%	$7.7M	$46.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0194%	4h	2.1392	−0.222%	$104K	$254K	20x	as long as short
BloFin TRUMP-USDTlong	−0.0148%	4h	2.1440	long leg	$4.3M	$656K	75x
Paradex TRUMP-USD-PERP	−0.0141%	8h	2.1513	+0.341%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1510	+0.326%	$5K	$290K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1526	+0.401%	$387K	$67K	10x	as long as short
Bitget TRUMPUSDT	−0.0028%	4h	2.1520	+0.373%	$15.5M	$24.6M	75x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1524	+0.394%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1491	+0.238%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0006%	4h	2.1435	−0.022%	$170K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1527	+0.405%	$41K	—	150x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.420%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1525	+0.396%	$13.6M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1521	+0.378%	$406K	$646K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1507	+0.314%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	+0.466%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.420%	$478K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1500	+0.280%	$289K	$634K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0222% / S −0.0224%	1h	2.1529	+0.413%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0231%	1h	2.1545	+0.490%	$384K	$389K	10x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0325%	1h	2.1552	+0.522%	$1.5M	$2.1M	50x