Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.035%

Price spread now: KuCoin against dYdX−0.008%62s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 62 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	dYdX TRUMP-USD	2.1492	0	get 0.0000% / 1h	18m 35s	$27K	$501	5x
Short	KuCoin TRUMPUSDTM	2.1490	0.0100	get 0.0050% / 4h	1h 18m	$4.2M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now −0.008%Rate

Funding earned: $21
Price spread: −0.008% → 0.000%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.79
Costs to cover: 0.220%
Break-even: 7.6 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 10 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 10 min ago	2.34 bp	18.8 bp −$19	65.8 bp −$658	doesn't fit	doesn't fit

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1927%	1h	2.1350	−0.659%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	−0.047%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1480	−0.056%	$74K	$519K	25x	as long as short
Binance TRUMPUSDT	−0.0173%	4h	2.1485	−0.032%	$60.7M	$252.2M	75x	as long as short
Variational Omni TRUMP	−0.0140%	4h	2.1451	−0.188%	$661K	$424K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1504	+0.059%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1464	−0.130%	$105K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0088%	4h	2.1480	−0.054%	$26.6M	$185.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0057%	4h	2.1480	−0.054%	$5K	$248K	10x	as long as short
Gate TRUMP_USDT	−0.0046%	4h	2.1490	−0.008%	$7.7M	$53.8M	75x	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	−0.0031%	8h	2.1483	−0.041%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0025%	4h	2.1500	+0.039%	$30.5M	$52.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0002%	1h	2.1480	−0.054%	$80	$6K	5x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.1492	long leg	$27K	$501	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1489	−0.013%	$405K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	−0.075%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1471	−0.094%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0063%	4h	2.1470	−0.101%	$4.1M	$702K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1482	−0.045%	$939K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.090%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	+0.029%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	+0.006%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.054%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1490	−0.008%	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	+0.039%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1477	−0.071%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.085%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.039%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1491	−0.004%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1490	−0.008%	$187K	$445K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0417%	1h	2.1513	+0.099%	$381K	$417K	10x	as long as short