TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0203%/8h= −22.2% APRnext payment −$1.02 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against KuCoin−0.047%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.047%, 7d avg −0.002%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 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	KuCoin TRUMPUSDTM	2.1470	0.0020	pay 0.0010% / 4h	16m 32s	$4.1M	$10.9M	50x
Short	Binance TRUMPUSDT	2.1460	−0.0183	pay 0.0092% / 4h	16m 32s	$60.6M	$250.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: −$42.63
Price spread: −0.047% → −0.002%: −$4.47
Slippage, 4 orders: −$27.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.42
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 12 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 KuCoin live order book, 2 min ago	2.33 bp	14.1 bp −$14	89.9 bp −$899	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.34 bp	7.3 bp −$7	11.6 bp −$116	39.6 bp −$3,964	207.0 bp −$103.5K

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	−0.1797%	1h	2.1290	−0.838%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0331%	1h	2.1457	−0.061%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	−0.132%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1465	−0.023%	$404K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	−0.460%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1459	−0.051%	$939K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0186%	4h	2.1450	−0.093%	$26.7M	$184.1M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1450	−0.095%	$74K	$496K	25x	as long as short
Binance TRUMPUSDTshort	−0.0183%	4h	2.1460	−0.047%	$60.6M	$250.8M	75x
Bybit TRUMPUSDT	−0.0172%	4h	2.1460	−0.047%	$30.5M	$52.5M	50x	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	−0.0110%	4h	2.1470	0.000%	$7.7M	$53.4M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0098%	8h	2.1459	−0.053%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1431	−0.180%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0067%	4h	2.1450	−0.093%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1476	+0.030%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.022%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTMlong	+0.0020%	4h	2.1470	long leg	$4.1M	$10.9M	50x
Aevo TRUMP-PERP	+0.0032%	1h	2.1445	−0.116%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.652%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1470	0.000%	$4.1M	$688K	75x	as long as short
Bitget TRUMPUSDT	+0.0086%	4h	2.1470	0.000%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1484	+0.063%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1474	+0.017%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1482	+0.056%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	0.000%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1450	−0.093%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	0.000%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	0.000%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0282%	1h	2.1503	+0.154%	$383K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1491	+0.096%	$1.3M	$2.3M	50x	as long as short