Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)−0.131%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. KuCoin is 0.131% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1298	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	24m 42s	$40K	—	150x
Short	KuCoin TRUMPUSDTM	2.1270	0.0100	get 0.0050% / 4h	2h 24m	$4.1M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.131%Rate

Funding earned: $19.26
Price spread: −0.131% → 0.000%: −$13.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.89
Costs to cover: 0.220%
Break-even: 12.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	4.72 bp	17.8 bp −$18	73.2 bp −$732	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1827%	1h	2.1090	−0.977%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1267	−0.146%	$940K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0419%	1h	2.1277	−0.099%	$84	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0352%	4h	2.1270	−0.131%	$30.0M	$51.6M	50x	as long as short
Binance TRUMPUSDT	−0.0274%	4h	2.1280	−0.085%	$59.9M	$249.7M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1234	−0.300%	$77K	$745K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1277	−0.100%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0224%	8h	2.1278	−0.092%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0202%	4h	2.1212	−0.406%	$654K	$426K	—	as long as short
Gate TRUMP_USDT	−0.0172%	4h	2.1250	−0.225%	$7.6M	$53.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0135%	4h	2.1178	−0.562%	$103K	$263K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0079%	1h	2.1293	−0.023%	$401K	$72K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0070%	4h	2.1270	−0.131%	$26.6M	$180.0M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0047%	4h	2.1270	−0.131%	$5K	$223K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1215	−0.389%	$175K	$4.7M	10x	as long as short
BloFin TRUMP-USDT	−0.0034%	4h	2.1280	−0.085%	$4.1M	$686K	75x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	2.1286	−0.056%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1298	long leg	$40K	—	150x
Aevo TRUMP-PERP	+0.0016%	1h	2.1280	−0.085%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1280	−0.085%	$13.4M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1274	−0.112%	$400K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1270	−0.131%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1270	−0.131%	$396K	$149K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1270	−0.131%	$4.1M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1280	−0.085%	$15.2M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1310	+0.056%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1320	+0.103%	$478K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1306	+0.037%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0167%	1h	2.1284	−0.066%	$378K	$411K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1302	+0.018%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	−0.413%	$241K	$341K	50x	as long as short