TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin−0.140%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days+0.148%+$15 · spread now −0.140%, 7d avg −0.008%

Together, before fees+0.185%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.132% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.008%). If the spread goes back, that is −$13 on $10k: about 22 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1470	0.0080	pay 0.0040% / 4h	1h 02m	$4.2M	$11.0M	50x
Short	Bitget TRUMPUSDT	2.1440	0.0100	get 0.0050% / 4h	1h 02m	$15.3M	$26.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.140%Rate

Funding earned: $4.2
Price spread: −0.140% → −0.008%: −$13.17
Slippage, 4 orders: −$32.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.04
Costs to cover: 0.561%
Break-even: 115.4 days

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	2.33 bp	19.4 bp −$19	98.9 bp −$989	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.33 bp	8.3 bp −$8	12.3 bp −$123	46.4 bp −$4,644	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	2.1340	−0.605%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.179%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0162%	4h	2.1450	−0.093%	$60.6M	$251.1M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1439	−0.144%	$74K	$521K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1474	+0.019%	$404K	$81K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0114%	4h	2.1440	−0.140%	$26.6M	$184.4M	50x	as long as short
Variational Omni TRUMP	−0.0107%	4h	2.1501	+0.145%	$664K	$423K	—	as long as short
SoDEX TRUMP-USD	−0.0099%	1h	2.1465	−0.023%	$82	$6K	5x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1496	+0.123%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0079%	4h	2.1476	+0.026%	$105K	$255K	20x	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	−0.0070%	4h	2.1450	−0.093%	$7.7M	$53.8M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0053%	4h	2.1460	−0.047%	$5K	$260K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0033%	8h	2.1434	−0.170%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0030%	4h	2.1450	−0.093%	$30.5M	$52.5M	50x	as long as short
dYdX TRUMP-USD	−0.0001%	1h	2.1468	−0.009%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1444	−0.119%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1452	−0.083%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1435	−0.163%	$937K	$1.0M	10x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1480	+0.047%	$4.1M	$703K	75x	as long as short
KuCoin TRUMPUSDTMlong	+0.0080%	4h	2.1470	long leg	$4.2M	$11.0M	50x
Hyperliquid TRUMP	+0.0100%	1h	2.1467	−0.014%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1460	−0.049%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1458	−0.056%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.093%	$399K	$151K	125x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1440	−0.140%	$15.3M	$26.9M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1460	−0.047%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	0.000%	$482K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1448	−0.102%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1460	−0.047%	$186K	$443K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0423%	1h	2.1489	+0.088%	$380K	$415K	10x	as long as short