Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: MEXC against Deribit+0.005%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.005%, 7d avg −0.083%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.088% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1839	0	get 0.0000% / 1h	55m 14s	$411K	$72K	10x
Short	MEXC TRUMP_USDC	2.1840	0.0100	get 0.0050% / 4h	1h 55m	$434K	$141K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now +0.005%Rate

Funding earned: $21
Price spread: +0.005% → −0.083%: $8.8
Slippage, 4 orders: −$41.3
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.51
Costs to cover: 0.483%
Break-even: 13.2 days

Slippage from Deribit: live order book, 8 min ago; MEXC: live order book, 64 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 Deribit live order book, 8 min ago	6.82 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 64 min ago	2.27 bp	8.7 bp −$9	25.1 bp −$251	139.6 bp −$14.0K	doesn't fit

TRUMP on 30 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	−0.1659%	1h	2.1780	−0.270%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0448%	1h	2.1851	+0.055%	$973K	$791K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1822	−0.080%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0086%	4h	2.1850	+0.050%	$7.7M	$48.9M	75x	as long as short
SoDEX TRUMP-USD	−0.0072%	1h	2.1835	−0.018%	$83	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	+0.217%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1839	long leg	$411K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1845	+0.028%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1785	−0.249%	$106K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0059%	8h	2.1856	+0.078%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0084%	4h	2.1820	−0.087%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1848	+0.041%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1839	+0.001%	$432K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1879	+0.182%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1860	+0.096%	$63.5M	$234.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	+0.050%	$31.4M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	+0.096%	$28.4M	$168.5M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1840	+0.005%	$434K	$141K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1860	+0.096%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.005%	$15.7M	$24.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1971	+0.606%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1859	+0.093%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.096%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.142%	$534K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1835	−0.018%	$116K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1825	−0.063%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.1950	+0.508%	$258K	$314K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1846	+0.031%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0287%	1h	2.1869	+0.139%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.737%	$285K	$303K	50x	as long as short