Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against GRVT+0.168%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.168%, 7d avg +0.089%

Together, before fees−0.143%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.080% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.089%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1800	0.0100	pay 0.0050% / 4h	3h 47m	$181K	$4.6M	10x
Short	Kraken Futures PF_TRUMPUSD	2.1837	0.0171	get 0.0021% / 1h	47m 00s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.168%Rate

Funding earned: $14.98
Price spread: +0.168% → +0.089%: $7.95
Slippage, 4 orders: −$40.71
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.77
Costs to cover: 0.597%
Break-even: 24.2 days

Slippage from GRVT: live order book, 2 min ago; Kraken Futures: live order book, 2 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 GRVT live order book, 2 min ago	2.29 bp	6.8 bp −$7	18.3 bp −$183	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.57 bp	17.8 bp −$18	36.1 bp −$361	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	−0.1765%	1h	2.1750	−0.229%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1821	+0.098%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0076%	1h	2.1810	+0.046%	$95	$6K	5x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1819	+0.086%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0036%	4h	2.1830	+0.138%	$61.6M	$244.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1774	−0.117%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1840	+0.183%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1823	+0.106%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1838	+0.174%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	−0.086%	$676K	$514K	—	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	+0.0034%	4h	2.1810	+0.046%	$7.8M	$51.0M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0039%	4h	2.1820	+0.092%	$4K	$177K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1822	+0.099%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1805	+0.023%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1811	+0.050%	$965K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1824	+0.110%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1835	+0.160%	$427K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1820	+0.092%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	+0.046%	$30.8M	$49.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.092%	$27.8M	$178.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	+0.092%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	+0.138%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.138%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1800	long leg	$181K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.138%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.138%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1840	+0.183%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0171%	1h	2.1837	+0.168%	$1.3M	$2.2M	50x
BloFin TRUMP-USDT	+0.0204%	4h	2.1810	+0.046%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	+0.183%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0451%	1h	2.1841	+0.188%	$343K	$375K	10x	as long as short