TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.050%

Price spread now: BloFin against KuCoin−0.046%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.046%, 7d avg −0.026%

Together, before fees+0.319%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.026%). If the spread goes back, that is −$2 on $10k: about 29 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.321% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1660	−0.0040	get 0.0020% / 4h	3h 18m	$4.2M	$10.6M	50x
Short	BloFin TRUMP-USDT	2.1650	0.0015	get 0.0008% / 4h	3h 18m	$4.3M	$692K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $11.64
Price spread: −0.046% → −0.026%: −$2.04
Slippage, 4 orders: −$44.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.1
Costs to cover: 0.687%
Break-even: 42.5 days

Slippage from KuCoin: live order book, 10 min ago; BloFin: live order book, 5 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, 10 min ago	2.33 bp	18.2 bp −$18	296.4 bp −$2,964	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	6.93 bp	12.9 bp −$13	13.9 bp −$139	47.3 bp −$4,730	126.7 bp −$63.4K

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	−0.1829%	1h	2.1550	−0.508%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0317%	4h	2.1682	+0.101%	$673K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0314%	4h	2.1700	+0.185%	$31.3M	$51.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0258%	1h	2.1650	−0.046%	$70	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0249%	4h	2.1700	+0.185%	$27.1M	$183.5M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1652	−0.037%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0225%	4h	2.1690	+0.139%	$63.3M	$246.7M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1650	−0.048%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1645	−0.069%	$946K	$993K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1640	−0.092%	$144K	$513K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0130%	8h	2.1668	+0.038%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0119%	1h	2.1663	+0.014%	$392K	$76K	10x	as long as short
edgeX TRUMPUSDC	−0.0115%	4h	2.1681	+0.095%	$106K	$253K	20x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1680	+0.092%	$7.8M	$50.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0087%	4h	2.1650	−0.046%	$5K	$304K	10x	as long as short
KuCoin TRUMPUSDTMlong	−0.0040%	4h	2.1660	long leg	$4.2M	$10.6M	50x
dYdX TRUMP-USD	−0.0014%	1h	2.1672	+0.055%	$26K	$2K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1665	+0.025%	$41K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0010%	4h	2.1700	+0.185%	$15.4M	$26.3M	75x	as long as short
BloFin TRUMP-USDTshort	+0.0015%	4h	2.1650	−0.046%	$4.3M	$692K	75x
Aevo TRUMP-PERP	+0.0024%	1h	2.1642	−0.081%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0072%	4h	2.1650	−0.046%	$402K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1715	+0.254%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1672	+0.056%	$412K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1680	+0.093%	$186K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1680	+0.092%	$175K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1680	+0.092%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.139%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1685	+0.114%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1669	+0.042%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0377%	1h	2.1686	+0.120%	$384K	$419K	10x	as long as short