Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.094%

Price spread now: MEXC against Coinbase International−0.376%51s7-day average −0.130% · you buy dearer than you sell

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−$520.519% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)+0.305%+$31 · spread now −0.376%, 7d avg −0.130%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.247% cheaper against Coinbase International than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.130%). Swap the legs. The two prices were read 51 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	Coinbase International TRUMP-PERP-INTX	2.1260	0.0392	pay 0.0049% / 1h	28m 25s	$252K	$329K	50x
Short	MEXC TRUMP_USDC	2.1180	0.0100	get 0.0050% / 4h	2h 28m	$394K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.376%Rate

Funding earned: −$61.32
Price spread: −0.376% → −0.130%: −$24.66
Slippage, 4 orders: −$41.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$137.85
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 20 min ago; MEXC: live order book, 11 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, 20 min ago	6.97 bp	30.5 bp −$31	38.5 bp −$385	doesn't fit	doesn't fit
Sell MEXC live order book, 11 min ago	2.36 bp	2.4 bp −$2	14.9 bp −$149	132.3 bp −$13.2K	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	−0.1827%	1h	2.1170	−0.423%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0496%	1h	2.1176	−0.395%	$936K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0427%	1h	2.1250	−0.047%	$83	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0348%	4h	2.1180	−0.376%	$29.9M	$51.6M	50x	as long as short
Binance TRUMPUSDT	−0.0270%	4h	2.1173	−0.409%	$59.6M	$250.2M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0267%	1h	2.1272	+0.056%	$400K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0264%	1h	2.1169	−0.428%	$76K	$746K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1172	−0.415%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0225%	8h	2.1184	−0.360%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0184%	4h	2.1190	−0.329%	$7.6M	$53.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0182%	4h	2.1212	−0.227%	$655K	$426K	—	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1187	−0.343%	$103K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0062%	4h	2.1180	−0.376%	$26.5M	$179.2M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0044%	4h	2.1245	−0.070%	$175K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0042%	4h	2.1260	0.000%	$5K	$221K	10x	as long as short
BloFin TRUMP-USDT	−0.0025%	4h	2.1280	+0.094%	$4.1M	$683K	75x	as long as short
dYdX TRUMP-USD	−0.0020%	1h	2.1202	−0.273%	$26K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1288	+0.132%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1255	−0.024%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1193	−0.315%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1200	−0.282%	$399K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1202	−0.273%	$182K	$52K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1180	−0.376%	$394K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1220	−0.188%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1180	−0.376%	$15.1M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1310	+0.235%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1280	+0.094%	$480K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1293	+0.156%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0183%	1h	2.1278	+0.085%	$381K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1274	+0.064%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0392%	1h	2.1260	long leg	$252K	$329K	50x