TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0284%/8h= +31.1% APRnext payment +$1.42 per $10,000 · paid last 24h +0.010%

Price spread now: KuCoin against Gate+0.094%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.094%, 7d avg −0.005%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.099% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, 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 -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.42 per $10,000. 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	Gate TRUMP_USDT	2.1190	−0.0184	get 0.0092% / 4h	2h 27m	$7.6M	$53.3M	75x
Short	KuCoin TRUMPUSDTM	2.1210	0.0100	get 0.0050% / 4h	2h 27m	$4.1M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.094%Rate

Funding earned: $59.64
Price spread: +0.094% → −0.005%: $9.91
Slippage, 4 orders: −$36.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $6.41
Costs to cover: 0.631%
Break-even: 6.2 days

Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 6 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 Gate live order book, 1 min ago	2.36 bp	12.3 bp −$12	28.9 bp −$289	67.1 bp −$6,710	doesn't fit
Sell KuCoin live order book, 6 min ago	4.72 bp	15.9 bp −$16	61.4 bp −$614	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	−0.1827%	1h	2.1170	−0.094%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0504%	1h	2.1187	−0.014%	$936K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0439%	1h	2.1185	−0.024%	$83	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0410%	1h	2.1192	+0.009%	$399K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0348%	4h	2.1190	0.000%	$29.9M	$51.6M	50x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1179	−0.052%	$76K	$746K	25x	as long as short
Binance TRUMPUSDT	−0.0270%	4h	2.1200	+0.047%	$59.7M	$250.0M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1172	−0.086%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0225%	8h	2.1184	−0.030%	$5K	$175	5x	as long as short
Gate TRUMP_USDTlong	−0.0184%	4h	2.1190	long leg	$7.6M	$53.3M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0182%	4h	2.1212	+0.102%	$655K	$426K	—	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1187	−0.014%	$103K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0062%	4h	2.1180	−0.047%	$26.5M	$179.3M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0044%	4h	2.1245	+0.260%	$175K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0042%	4h	2.1190	0.000%	$5K	$222K	10x	as long as short
BloFin TRUMP-USDT	−0.0025%	4h	2.1280	+0.425%	$4.1M	$683K	75x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1202	+0.057%	$26K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1194	+0.020%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1160	−0.142%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1196	+0.028%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1211	+0.100%	$399K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1202	+0.057%	$182K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1190	0.000%	$394K	$149K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1210	+0.094%	$4.1M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1180	−0.047%	$15.1M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1210	+0.094%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1210	+0.094%	$478K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1193	+0.013%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0172%	1h	2.1231	+0.193%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1207	+0.081%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1200	+0.047%	$248K	$331K	50x	as long as short