TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.016%

Price spread now: edgeX against KuCoin+0.316%98s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.637% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.316%, 7d avg −0.022%

Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.338% dearer against KuCoin than usual: you sell high and buy low (spread +0.316% now, against its 7-day average of −0.022%): +$34 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.071% in total) that is about 34 days. The two prices were read 98 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	0.0100	pay 0.0050% / 4h	37m 54s	$4.3M	$11.1M	50x
Short	edgeX TRUMPUSDC	2.1508	0.0016	get 0.0008% / 4h	37m 54s	$105K	$263K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.316%Rate

Funding earned: −$17.57
Price spread: +0.316% → −0.022%: $33.82
Slippage, 4 orders: −$42.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.47
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; edgeX: live order book, 20 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	4.65 bp	18.2 bp −$18	93.6 bp −$936	doesn't fit	doesn't fit
Sell edgeX live order book, 20 min ago	6.97 bp	14.4 bp −$14	39.6 bp −$396	doesn't fit	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	−0.1690%	1h	2.1350	−0.420%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0259%	1h	2.1435	−0.023%	$95	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	+0.007%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1415	−0.117%	$947K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0088%	4h	2.1440	0.000%	$7.6M	$50.6M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1453	+0.061%	$404K	$72K	10x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	+0.098%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1436	−0.019%	$27K	$512	5x	as long as short
Bybit TRUMPUSDT	+0.0007%	4h	2.1440	0.000%	$30.4M	$49.3M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1451	+0.050%	$40K	—	150x	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	+0.0010%	8h	2.1408	−0.149%	$5K	$175	5x	as long as short
Extended TRUMP-USD	+0.0016%	1h	2.1440	−0.002%	$74K	$749K	25x	as long as short
edgeX TRUMPUSDCshort	+0.0016%	4h	2.1508	+0.316%	$105K	$263K	20x
Binance TRUMPUSDT	+0.0017%	4h	2.1440	0.000%	$60.3M	$241.2M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0048%	4h	2.1440	0.000%	$4K	$213K	10x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1440	0.000%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1436	−0.016%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1466	+0.121%	$14.2M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1438	−0.009%	$422K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1418	−0.103%	$184K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1440	0.000%	$27.1M	$172.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	0.000%	$404K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1440	long leg	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	0.000%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1459	+0.089%	$251K	$316K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1520	+0.375%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.047%	$497K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1451	+0.051%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1466	+0.121%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1470	+0.140%	$278K	$281K	50x	as long as short