Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.085%

Price spread now: KuCoin against Coinbase International+0.140%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.140%, 7d avg −0.062%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.203% dearer against Coinbase International than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.062%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days. At the pace of the last 7 days (−0.207% in total) that is about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1380	0.0056	pay 0.0007% / 1h	35m 59s	$169K	$470K	50x
Short	KuCoin TRUMPUSDTM	2.1410	0.0032	get 0.0016% / 4h	35m 59s	$4.1M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$5.04
Price spread: +0.140% → −0.062%: $20.25
Slippage, 4 orders: −$36.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$43.38
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; KuCoin: 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 Coinbase International live order book, 2 min ago	7.01 bp	12.0 bp −$12	24.4 bp −$244	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.33 bp	15.7 bp −$16	66.3 bp −$663	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	−0.1797%	1h	2.1310	−0.327%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0304%	1h	2.1397	+0.080%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1396	+0.074%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1391	+0.051%	$935K	$1.0M	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1416	+0.168%	$403K	$81K	10x	as long as short
Binance TRUMPUSDT	−0.0169%	4h	2.1398	+0.082%	$60.5M	$251.0M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1399	+0.089%	$76K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0163%	4h	2.1400	+0.094%	$26.6M	$183.9M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.705%	$665K	$423K	—	as long as short
Bybit TRUMPUSDT	−0.0120%	4h	2.1390	+0.047%	$30.4M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0114%	4h	2.1400	+0.094%	$7.6M	$53.2M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0082%	8h	2.1385	+0.023%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1453	+0.340%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1400	+0.094%	$5K	$270K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1420	+0.187%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1424	+0.207%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTMshort	+0.0032%	4h	2.1410	+0.140%	$4.1M	$10.9M	50x
Aevo TRUMP-PERP	+0.0040%	1h	2.1400	+0.094%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0056%	1h	2.1380	long leg	$169K	$470K	50x
BloFin TRUMP-USDT	+0.0073%	4h	2.1390	+0.047%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1426	+0.215%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1413	+0.156%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1414	+0.161%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	+0.047%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.094%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.415%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1420	+0.187%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.281%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1420	+0.185%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0280%	1h	2.1435	+0.257%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1428	+0.226%	$1.3M	$2.3M	50x	as long as short