Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against KuCoin+0.065%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.065%, 7d avg +0.022%

Together, before fees−0.124%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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: Hyperliquid is 0.043% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1500	0.0100	pay 0.0050% / 4h	2h 12m	$4.1M	$11.2M	50x
Short	Hyperliquid TRUMP	2.1514	0.0100	get 0.0013% / 1h	12m 17s	$13.5M	$8.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.022%: $4.28
Slippage, 4 orders: −$32.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.08
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Hyperliquid: live order book, 10 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, 1 min ago	2.33 bp	15.9 bp −$16	101.0 bp −$1,010	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.70 bp	9.1 bp −$9	doesn't fit	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	−0.1827%	1h	2.1360	−0.651%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0384%	1h	2.1497	−0.014%	$950K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0334%	1h	2.1495	−0.023%	$82	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0295%	4h	2.1510	+0.047%	$30.4M	$51.9M	50x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1494	−0.028%	$74K	$740K	25x	as long as short
Binance TRUMPUSDT	−0.0279%	4h	2.1510	+0.047%	$60.7M	$251.0M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1497	−0.016%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0221%	4h	2.1411	−0.412%	$661K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0195%	8h	2.1484	−0.075%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0139%	4h	2.1420	−0.373%	$104K	$265K	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	−0.0128%	4h	2.1500	0.000%	$7.7M	$53.7M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1508	+0.037%	$405K	$72K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0080%	4h	2.1490	−0.047%	$27.1M	$183.0M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1490	−0.047%	$5K	$229K	10x	as long as short
BloFin TRUMP-USDT	−0.0040%	4h	2.1480	−0.093%	$4.1M	$688K	75x	as long as short
dYdX TRUMP-USD	−0.0018%	1h	2.1496	−0.018%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0002%	4h	2.1440	−0.279%	$182K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1476	−0.112%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.068%	$41K	—	150x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.1514	+0.065%	$13.5M	$8.0M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1508	+0.038%	$404K	$772K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1491	−0.043%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	0.000%	$401K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1500	long leg	$4.1M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1510	+0.047%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.093%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1511	+0.051%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1521	+0.098%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0242%	1h	2.1539	+0.181%	$383K	$411K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1480	−0.093%	$237K	$362K	50x	as long as short