Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h +0.009%

Price spread now: KuCoin against Extended0.000%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$530.535% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now 0.000%, 7d avg +0.059%

Together, before fees+0.066%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.059% cheaper against Extended than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.059%). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.082% in total) that is about 5.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1390	−0.0200	get 0.0025% / 1h	28m 25s	$74K	$604K	25x
Short	KuCoin TRUMPUSDTM	2.1390	0.0100	get 0.0050% / 4h	1h 28m	$4.1M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $63
Price spread: 0.000% → +0.059%: −$5.86
Slippage, 4 orders: −$36.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $3.65
Costs to cover: 0.535%
Break-even: 6.6 days

Slippage from Extended: live order book, 14 min ago; KuCoin: live order book, 10 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 Extended live order book, 14 min ago	7.02 bp	10.1 bp −$10	33.7 bp −$337	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	4.67 bp	17.5 bp −$18	72.7 bp −$727	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	−0.1927%	1h	2.1260	−0.608%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.086%	$5	—	10x	as long as short
Extended TRUMP-USDlong	−0.0200%	1h	2.1390	long leg	$74K	$604K	25x
Binance TRUMPUSDT	−0.0197%	4h	2.1400	+0.047%	$60.4M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.041%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0104%	4h	2.1375	−0.069%	$104K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0102%	4h	2.1390	0.000%	$26.4M	$184.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1409	+0.090%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1400	+0.047%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1390	0.000%	$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
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1390	0.000%	$5K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0054%	8h	2.1382	−0.039%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1395	+0.024%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0003%	1h	2.1380	−0.047%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1386	−0.018%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1399	+0.040%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1386	−0.017%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1370	−0.093%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1388	−0.009%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1395	+0.024%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1400	+0.047%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	+0.033%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1370	−0.093%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1390	0.000%	$4.1M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	0.000%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	0.000%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1420	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.094%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1400	+0.048%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.140%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0378%	1h	2.1408	+0.084%	$379K	$415K	10x	as long as short