Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.002%

Price spread now: MEXC against Extended+0.051%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.051%, 7d avg −0.008%

Together, before fees−0.211%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and MEXC is 0.058% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% 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	2.1239	−0.0264	get 0.0033% / 1h	30m 41s	$76K	$746K	25x
Short	MEXC TRUMP_USDC	2.1250	0.0100	get 0.0050% / 4h	2h 30m	$395K	$148K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.051%Rate

Funding earned: $76.44
Price spread: +0.051% → −0.008%: $5.83
Slippage, 4 orders: −$15.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $62.19
Costs to cover: 0.201%
Break-even: 1.3 days

Slippage from Extended: live order book, 17 min ago; MEXC: live order book, 9 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, 17 min ago	4.66 bp	7.7 bp −$8	29.5 bp −$295	doesn't fit	doesn't fit
Sell MEXC live order book, 9 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	2.1120	−0.562%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1237	−0.011%	$939K	$997K	10x	as long as short
SoDEX TRUMP-USD	−0.0467%	1h	2.1215	−0.114%	$83	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0320%	4h	2.1250	+0.051%	$30.0M	$51.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0268%	1h	2.1225	−0.067%	$400K	$72K	10x	as long as short
Extended TRUMP-USDlong	−0.0264%	1h	2.1239	long leg	$76K	$746K	25x
Binance TRUMPUSDT	−0.0264%	4h	2.1260	+0.098%	$59.9M	$249.9M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1212	−0.129%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0226%	8h	2.1241	+0.010%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0182%	4h	2.1212	−0.130%	$655K	$426K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0144%	4h	2.1250	+0.051%	$7.6M	$53.2M	75x	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1187	−0.246%	$103K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0056%	4h	2.1250	+0.051%	$26.6M	$179.7M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0048%	4h	2.1200	−0.185%	$175K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0039%	4h	2.1210	−0.138%	$5K	$220K	10x	as long as short
BloFin TRUMP-USDT	−0.0024%	4h	2.1200	−0.185%	$4.1M	$680K	75x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1246	+0.031%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1235	−0.020%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1163	−0.361%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1250	+0.051%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1244	+0.021%	$399K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1244	+0.022%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1250	+0.051%	$395K	$148K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1240	+0.003%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1250	+0.051%	$15.3M	$26.6M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1250	+0.051%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1250	+0.051%	$479K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1231	−0.040%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0177%	1h	2.1265	+0.121%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1238	−0.004%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1230	−0.044%	$254K	$318K	50x	as long as short