Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1865%/8h= +204.2% APRpaid last 24h +0.514%

Price spread now: MEXC against Injective+0.139%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.139%, 7d avg +0.008%

Together, before fees+0.377%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and MEXC is 0.130% dearer against Injective than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.310% in total (about 16.2% 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	Injective TRUMP/USDC PERP	2.1660	−0.1765	get 0.0221% / 1h	26m 51s	$13K	$157K	12x
Short	MEXC TRUMP_USDC	2.1690	0.0100	get 0.0050% / 4h	3h 26m	$407K	$150K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +0.139%Rate

Funding earned: $391.69
Price spread: +0.139% → +0.008%: $13.01
Slippage, 4 orders: −$109.29
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $295.38
Costs to cover: 1.093%
Break-even: 1.7 days

Slippage from Injective: live order book, 12 min ago; MEXC: live order book, 18 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 Injective live order book, 12 min ago	41.28 bp	50.4 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 18 min ago	2.29 bp	5.5 bp −$5	19.4 bp −$194	133.8 bp −$13.4K	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 PERPlong	−0.1765%	1h	2.1660	long leg	$13K	$157K	12x
Paradex TRUMP-USD-PERP	−0.0306%	8h	2.1702	+0.192%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0303%	1h	2.1697	+0.171%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0273%	1h	2.1695	+0.162%	$88	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1711	+0.235%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0112%	4h	2.1710	+0.231%	$7.8M	$51.5M	75x	as long as short
Binance TRUMPUSDT	−0.0083%	4h	2.1700	+0.185%	$61.5M	$245.4M	75x	as long as short
Extended TRUMP-USD	−0.0080%	1h	2.1689	+0.133%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0037%	4h	2.1799	+0.643%	$106K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0013%	4h	2.1871	+0.975%	$675K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0001%	1h	2.1746	+0.395%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	+0.203%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0024%	4h	2.1700	+0.185%	$3K	$185K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1675	+0.071%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1690	+0.139%	$958K	$975K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	+0.600%	$179K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1711	+0.235%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1718	+0.270%	$409K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1719	+0.274%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1700	+0.185%	$30.7M	$50.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1690	+0.139%	$27.7M	$179.1M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1690	+0.139%	$407K	$150K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1700	+0.185%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1710	+0.231%	$15.8M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.277%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.323%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0157%	4h	2.1700	+0.185%	$4.2M	$679K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1707	+0.216%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1725	+0.302%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0265%	1h	2.1722	+0.286%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1890	+1.062%	$283K	$279K	50x	as long as short