TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.45 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.093%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$580.585% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.093%, 7d avg −0.013%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.079% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1610	0.0100	pay 0.0050% / 4h	1h 06m	$4.0M	$11.0M	50x
Short	Bybit TRUMPUSDT	2.1590	0.0010	get 0.0005% / 4h	1h 06m	$30.7M	$48.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$18.87
Price spread: −0.093% → −0.013%: −$7.91
Slippage, 4 orders: −$35.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.25
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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	2.31 bp	21.4 bp −$21	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.31 bp	11.5 bp −$12	18.8 bp −$188	111.1 bp −$11.1K	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	−0.1659%	1h	2.1580	−0.139%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1591	−0.087%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0080%	1h	2.1591	−0.088%	$83	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1600	−0.046%	$7.6M	$50.2M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1590	−0.093%	$954K	$906K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1626	+0.073%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1603	−0.032%	$407K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1604	−0.026%	$42K	—	150x	as long as short
Bybit TRUMPUSDTshort	+0.0010%	4h	2.1590	−0.093%	$30.7M	$48.7M	50x
Paradex TRUMP-USD-PERP	+0.0027%	8h	2.1594	−0.075%	$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
edgeX TRUMPUSDC	+0.0050%	4h	2.1694	+0.390%	$106K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0068%	4h	2.1590	−0.093%	$4K	$236K	10x	as long as short
Variational Omni TRUMP	+0.0080%	4h	2.1731	+0.559%	$685K	$456K	—	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1626	+0.074%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1617	+0.033%	$427K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1607	−0.015%	$186K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1594	−0.076%	$62.5M	$238.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1590	−0.093%	$27.4M	$170.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	−0.139%	$414K	$151K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1610	long leg	$4.0M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1600	−0.046%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1650	+0.185%	$253K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.370%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1610	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	0.000%	$527K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1579	−0.142%	$74K	$750K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1590	−0.093%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1608	−0.012%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0290%	1h	2.1634	+0.109%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1650	+0.185%	$4.3M	$654K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1640	+0.139%	$280K	$284K	50x	as long as short