Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against KuCoin−0.276%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 7 days+0.293%+$29 · spread now −0.276%, 7d avg −0.020%

Together, before fees+0.211%+ Points / potential airdropGRVT: Active · farm board+$21 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: GRVT is 0.256% cheaper against KuCoin than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1850	0.0100	pay 0.0050% / 4h	1h 30m	$4.2M	$11.0M	50x
Short	GRVT TRUMP_USDT_Perp	2.1790	0.0100	get 0.0050% / 4h	1h 30m	$178K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.276%Rate

Funding earned: $0
Price spread: −0.276% → −0.020%: −$25.61
Slippage, 4 orders: −$43.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$89.75
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; GRVT: 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, 8 min ago	4.62 bp	17.7 bp −$18	87.8 bp −$878	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	2.30 bp	15.9 bp −$16	40.2 bp −$402	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	−0.1659%	1h	2.1680	−0.778%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1841	−0.041%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0076%	4h	2.1840	−0.046%	$7.7M	$49.9M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1832	−0.082%	$973K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1856	+0.026%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1849	−0.005%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1844	−0.029%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0041%	1h	2.1840	−0.046%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1834	−0.074%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.409%	$106K	$264K	20x	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	+0.0077%	4h	2.1840	−0.046%	$4K	$239K	10x	as long as short
Bybit TRUMPUSDT	+0.0087%	4h	2.1840	−0.046%	$31.2M	$48.4M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1868	+0.082%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1858	+0.035%	$432K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1844	−0.026%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1840	−0.046%	$63.2M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	−0.092%	$27.6M	$171.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.046%	$429K	$143K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1850	long leg	$4.2M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	0.000%	$15.6M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	−0.089%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1790	−0.276%	$178K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1880	+0.137%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.092%	$535K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1839	−0.051%	$116K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1830	−0.092%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0130%	1h	2.1872	+0.101%	$256K	$321K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1848	−0.009%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0287%	1h	2.1864	+0.066%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1820	−0.137%	$4.3M	$659K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.915%	$280K	$297K	50x	as long as short