Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin+0.070%7-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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.070% dearer against KuCoin than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1490	0.0100	pay 0.0050% / 4h	1h 26m	$4.2M	$11.1M	50x
Short	gTrade (Gains Network) TRUMP/USD	2.1505	L +0.0008% / S −0.0007%	get 0.0001% / 1h	26m 09s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.070%Rate

Funding earned: −$19.62
Price spread: +0.070% → 0.000%: $6.98
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$34.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; gTrade (Gains Network): 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, 2 min ago	2.34 bp	15.4 bp −$15	96.3 bp −$963	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	2.1320	−0.791%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	+0.008%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0195%	4h	2.1500	+0.047%	$60.6M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1490	−0.001%	$74K	$578K	25x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.506%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0100%	4h	2.1400	−0.417%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1524	+0.156%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0097%	4h	2.1490	0.000%	$26.5M	$185.4M	50x	as long as short
Bybit TRUMPUSDT	−0.0067%	4h	2.1500	+0.047%	$30.5M	$52.6M	50x	as long as short
Gate TRUMP_USDT	−0.0064%	4h	2.1490	0.000%	$7.7M	$53.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1490	0.000%	$5K	$248K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0048%	8h	2.1484	−0.026%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1504	+0.065%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1502	+0.056%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	0.0000%	1h	2.1499	+0.042%	$82	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1505	+0.070%	$41K	—	150x
Aevo TRUMP-PERP	+0.0032%	1h	2.1477	−0.060%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0045%	4h	2.1410	−0.372%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1494	+0.019%	$949K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.100%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1512	+0.100%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1480	−0.046%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1490	0.000%	$400K	$149K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1490	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1510	+0.093%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.465%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.140%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1449	−0.192%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	−0.279%	$203K	$424K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0396%	1h	2.1535	+0.209%	$381K	$417K	10x	as long as short