Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.094%

Price spread now: OKX against Coinbase International+0.420%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs+$13as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)−0.278%−$28 · spread now +0.420%, 7d avg −0.096%

Together, before fees−0.459%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.517% dearer against Coinbase International than usual: you sell high and buy low (spread +0.420% now, against its 7-day average of −0.096%): +$52 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1410	−0.0136	get 0.0017% / 1h	26m 14s	$148K	$493K	50x
Short	OKX TRUMP-USDT-SWAP	2.1500	−0.0248	pay 0.0124% / 4h	3h 26m	$27.0M	$182.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.420%Rate

Funding earned: −$23.62
Price spread: +0.420% → −0.096%: $51.66
Slippage, 4 orders: −$18.69
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.65
Costs to cover: 0.387%
Break-even: from the start

Slippage from Coinbase International: live order book, 7 min ago; OKX: live order book, 3 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, 7 min ago	7.01 bp	12.0 bp −$12	20.2 bp −$202	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.34 bp	7.3 bp −$7	10.2 bp −$102	29.1 bp −$2,914	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	−0.1829%	1h	2.1350	−0.280%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0466%	4h	2.1510	+0.467%	$31.0M	$51.7M	50x	as long as short
SoDEX TRUMP-USD	−0.0359%	1h	2.1515	+0.490%	$69	$6K	5x	as long as short
Variational Omni TRUMP	−0.0320%	4h	2.1381	−0.133%	$663K	$419K	—	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0248%	4h	2.1500	+0.420%	$27.0M	$182.8M	50x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1494	+0.392%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1531	+0.566%	$74K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0240%	4h	2.1515	+0.489%	$62.7M	$247.9M	75x	as long as short
Gate TRUMP_USDT	−0.0222%	4h	2.1530	+0.560%	$7.7M	$50.1M	75x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1499	+0.416%	$940K	$992K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0145%	8h	2.1528	+0.553%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTXlong	−0.0136%	1h	2.1410	long leg	$148K	$493K	50x
edgeX TRUMPUSDC	−0.0126%	4h	2.1390	−0.093%	$104K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1550	+0.654%	$5K	$299K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1540	+0.607%	$4.1M	$10.6M	50x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1537	+0.593%	$26K	$2K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1555	+0.677%	$390K	$81K	10x	as long as short
BloFin TRUMP-USDT	0.0000%	4h	2.1540	+0.607%	$4.2M	$688K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1447	+0.172%	$40K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0014%	4h	2.1540	+0.607%	$15.3M	$26.4M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1400	−0.047%	$176K	$4.3M	10x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1531	+0.565%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0080%	4h	2.1520	+0.514%	$399K	$149K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1553	+0.668%	$13.7M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1541	+0.613%	$410K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1550	+0.653%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.794%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1550	+0.654%	$498K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1578	+0.783%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1537	+0.592%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0332%	1h	2.1552	+0.663%	$381K	$421K	10x	as long as short