Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against KuCoin−0.092%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.092%, 7d avg +0.005%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.097% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1790	0.0100	pay 0.0050% / 4h	2h 01m	$4.7M	$10.4M	50x
Short	Gate TRUMP_USDT	2.1770	0.0100	get 0.0050% / 4h	2h 01m	$7.3M	$46.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.005%: −$9.72
Slippage, 4 orders: −$41.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.14
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Gate: 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, 7 min ago	2.29 bp	18.9 bp −$19	112.2 bp −$1,122	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.59 bp	16.4 bp −$16	33.9 bp −$339	69.0 bp −$6,898	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	−0.1787%	1h	2.1760	−0.138%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1764	−0.119%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1807	+0.080%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0071%	1h	2.1782	−0.037%	$408K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1769	−0.096%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1782	−0.039%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.135%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0084%	8h	2.1755	−0.160%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1770	−0.092%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1769	−0.096%	$969K	$666K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1791	+0.005%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1781	−0.041%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1768	−0.102%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1775	−0.069%	$62.0M	$215.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1780	−0.046%	$30.4M	$42.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	−0.092%	$26.7M	$147.4M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.1770	−0.092%	$7.3M	$46.8M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	−0.092%	$478K	$136K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1790	long leg	$4.7M	$10.4M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	−0.092%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	−0.119%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1731	−0.269%	$178K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	−0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1775	−0.069%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.046%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1773	−0.079%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1766	−0.112%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0149%	1h	2.1790	0.000%	$261K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1778	−0.055%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.321%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.184%	$4.2M	$501K	75x	as long as short