Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bybit+0.091%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.091%, 7d avg +0.013%

Together, before fees−0.018%−$2 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 0.078% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1890	0.0100	pay 0.0050% / 4h	1h 47m	$30.6M	$42.8M	50x
Short	KuCoin TRUMPUSDTM	2.1910	0.0100	get 0.0050% / 4h	1h 47m	$4.7M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.013%: $7.81
Slippage, 4 orders: −$29.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.12
Costs to cover: 0.529%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 6 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 Bybit live order book, 1 min ago	2.28 bp	8.1 bp −$8	17.6 bp −$176	112.3 bp −$11.2K	doesn't fit
Sell KuCoin live order book, 6 min ago	4.57 bp	16.9 bp −$17	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	−0.1472%	1h	2.1810	−0.365%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1894	+0.016%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1908	+0.081%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1882	−0.037%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1877	−0.062%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1857	−0.150%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1880	−0.046%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0088%	8h	2.1919	+0.132%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1906	+0.073%	$975K	$670K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1915	+0.114%	$14.0M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1918	+0.126%	$457K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1924	+0.157%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1890	0.000%	$62.4M	$217.3M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1890	long leg	$30.6M	$42.8M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	−0.046%	$26.8M	$148.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	−0.046%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	0.000%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1910	+0.091%	$4.7M	$10.4M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	0.000%	$15.5M	$20.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1863	−0.123%	$683K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.137%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1900	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1870	−0.091%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1960	+0.320%	$518K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1867	−0.106%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1872	−0.081%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1874	−0.075%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0258%	1h	2.1938	+0.219%	$260K	$268K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	−0.091%	$4.2M	$519K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.137%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1896	+0.026%	$1.3M	$2.4M	50x	as long as short