Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0199%/8h= +21.7% APRpaid last 24h −0.003%

Price spread now: MEXC against Kraken Futures−0.055%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.055%, 7d avg −0.119%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.064% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.119%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% 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	Kraken Futures PF_TRUMPUSD	2.1422	−0.0099	get 0.0012% / 1h	44m 16s	$1.3M	$2.3M	50x
Short	MEXC TRUMP_USDC	2.1410	0.0100	get 0.0050% / 4h	1h 44m	$399K	$148K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.055%Rate

Funding earned: $41.7
Price spread: −0.055% → −0.119%: $6.4
Slippage, 4 orders: −$28.91
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $9.2
Costs to cover: 0.389%
Break-even: 5.5 days

Slippage from Kraken Futures: live order book, 4 min ago; MEXC: live order book, 55 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 Kraken Futures live order book, 4 min ago	4.67 bp	17.0 bp −$17	27.1 bp −$271	doesn't fit	doesn't fit
Sell MEXC live order book, 55 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	−0.1927%	1h	2.1280	−0.662%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	−0.094%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0224%	4h	2.1400	−0.102%	$60.4M	$252.0M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1390	−0.147%	$74K	$741K	25x	as long as short
Variational Omni TRUMP	−0.0141%	4h	2.1381	−0.190%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0116%	4h	2.1400	−0.102%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSDlong	−0.0099%	1h	2.1422	long leg	$1.3M	$2.3M	50x
OKX TRUMP-USDT-SWAP	−0.0092%	4h	2.1390	−0.149%	$26.4M	$184.8M	50x	as long as short
Gate TRUMP_USDT	−0.0090%	4h	2.1400	−0.102%	$7.7M	$53.6M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0085%	8h	2.1418	−0.017%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	−0.0061%	1h	2.1395	−0.125%	$82	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1400	−0.102%	$5K	$240K	10x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1390	−0.149%	$30.4M	$52.5M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1436	+0.068%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1403	−0.088%	$403K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1416	−0.029%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1430	+0.038%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1383	−0.182%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1389	−0.153%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1408	−0.065%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1407	−0.068%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1426	+0.018%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1410	−0.055%	$399K	$148K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1410	−0.055%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	−0.102%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	−0.102%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.131%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.085%	$483K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1418	−0.020%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.085%	$205K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0348%	1h	2.1426	+0.019%	$379K	$414K	10x	as long as short