Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.029%

Price spread now: GMX against KuCoin+0.006%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 GMX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1550	0.0100	pay 0.0050% / 4h	2h 04m	$4.2M	$11.2M	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1551	L +0.0137% / S −0.0099%	get 0.0012% / 1h	4m 41s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$0.26
Price spread: +0.006% → 0.000%: $0.6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$23.66
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; GMX: 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, 4 min ago	2.32 bp	15.6 bp −$16	192.1 bp −$1,921	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1827%	1h	2.1440	−0.510%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0344%	1h	2.1527	−0.107%	$952K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0291%	1h	2.1545	−0.023%	$82	$6K	5x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1539	−0.052%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0271%	4h	2.1550	0.000%	$60.8M	$251.3M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1532	−0.086%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0205%	4h	2.1540	−0.046%	$30.6M	$52.2M	50x	as long as short
Variational Omni TRUMP	−0.0180%	4h	2.1531	−0.087%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0165%	8h	2.1520	−0.138%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0139%	4h	2.1567	+0.077%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0108%	4h	2.1540	−0.046%	$7.7M	$54.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0081%	4h	2.1540	−0.046%	$26.6M	$185.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1530	−0.093%	$4K	$234K	10x	as long as short
BloFin TRUMP-USDT	−0.0036%	4h	2.1530	−0.093%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0016%	1h	2.1556	+0.028%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1543	−0.032%	$406K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1549	−0.006%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1525	−0.116%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1517	−0.153%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1556	+0.028%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	0.000%	$405K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1536	−0.064%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	0.000%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1550	long leg	$4.2M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	0.000%	$15.4M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1550	0.000%	$486K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0137% / S −0.0099%	1h	2.1551	+0.006%	$9K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1569	+0.088%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0271%	1h	2.1580	+0.139%	$384K	$413K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1550	0.000%	$215K	$408K	50x	as long as short