Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h −0.026%

Price spread now: dYdX against KuCoin+0.072%47s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.072% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1440	−0.0190	get 0.0095% / 4h	1h 01m	$4.3M	$10.1M	50x
Short	dYdX TRUMP-USD	2.1455	−0.0006	pay 0.0001% / 1h	1m 51s	$25K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $38.73
Price spread: +0.072% → 0.000%: $7.19
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $23.92
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: KuCoin: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.

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, 5 min ago	2.33 bp	18.0 bp −$18	99.6 bp −$996	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRUMP on 32 exchanges

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
SoDEX TRUMP-USD	−0.0438%	1h	2.1435	−0.023%	$82	$6K	5x	as long as short
Variational Omni TRUMP	−0.0378%	4h	2.1449	+0.043%	$667K	$400K	—	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1438	−0.010%	$74K	$488K	25x	as long as short
Binance TRUMPUSDT	−0.0376%	4h	2.1452	+0.058%	$62.8M	$237.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0345%	4h	2.1450	+0.047%	$27.1M	$172.9M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0309%	1h	2.1445	+0.023%	$385K	$79K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.140%	$128K	$521K	50x	as long as short
Bybit TRUMPUSDT	−0.0293%	4h	2.1450	+0.047%	$31.2M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0254%	4h	2.1410	−0.140%	$387K	$145K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1429	−0.050%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0216%	1h	2.1450	+0.047%	$918K	$969K	10x	as long as short
Gate TRUMP_USDT	−0.0194%	4h	2.1450	+0.047%	$7.7M	$48.1M	75x	as long as short
KuCoin TRUMPUSDTMlong	−0.0190%	4h	2.1440	long leg	$4.3M	$10.1M	50x
edgeX TRUMPUSDC	−0.0186%	4h	2.1429	−0.053%	$105K	$253K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0170%	8h	2.1435	−0.023%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0133%	4h	2.1440	0.000%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1430	−0.047%	$5K	$293K	10x	as long as short
Bitget TRUMPUSDT	−0.0036%	4h	2.1460	+0.093%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1422	−0.084%	$19K	—	3x	as long as short
dYdX TRUMP-USDshort	−0.0006%	1h	2.1455	+0.072%	$25K	$3K	5x
GRVT TRUMP_USDT_Perp	+0.0008%	4h	2.1445	+0.021%	$180K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1453	+0.060%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1475	+0.165%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.746%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1471	+0.145%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1453	+0.059%	$405K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	+0.019%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.140%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	+0.093%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1460	+0.093%	$253K	$565K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0174%	1h	2.1472	+0.149%	$384K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0214% / S −0.0215%	1h	2.1450	+0.046%	$11K	—	100x	as long as short