Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h −0.529%

Price spread now: Injective against KuCoin+0.652%115s7-day average −0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1341.341% of the position

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.595%−$59 on $10k

Price spread, last 4 days (all we have)−0.969%−$97 · spread now +0.652%, 7d avg −0.100%

Together, before fees−1.564%−$156 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.752% dearer against KuCoin than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.595%, so the current rate has only just turned in your favour. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1460	−0.0126	get 0.0063% / 4h	1h 49m	$4.2M	$10.2M	50x
Short	Injective TRUMP/USDC PERP	2.1600	0.0033	get 0.0004% / 1h	49m 29s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.652%Rate

Funding earned: $33.46
Price spread: +0.652% → −0.100%: $75.22
Slippage, 4 orders: −$122.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$25.42
Costs to cover: 1.341%
Break-even: 12.3 days

Slippage from KuCoin: live order book, 2 min ago; Injective: live order book, 62 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, 2 min ago	2.33 bp	17.9 bp −$18	126.3 bp −$1,263	doesn't fit	doesn't fit
Sell Injective live order book, 62 min ago	39.58 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
Variational Omni TRUMP	−0.0404%	4h	2.1470	+0.044%	$667K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0393%	4h	2.1460	0.000%	$31.2M	$48.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0379%	1h	2.1465	+0.023%	$73	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0339%	4h	2.1460	0.000%	$27.2M	$172.8M	50x	as long as short
Extended TRUMP-USD	−0.0320%	1h	2.1450	−0.045%	$74K	$491K	25x	as long as short
Binance TRUMPUSDT	−0.0320%	4h	2.1464	+0.020%	$63.0M	$237.8M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0308%	1h	2.1478	+0.084%	$386K	$78K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1460	0.000%	$131K	$515K	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1470	+0.046%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0242%	4h	2.1470	+0.047%	$7.8M	$47.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0177%	8h	2.1464	+0.020%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1465	+0.023%	$923K	$952K	10x	as long as short
edgeX TRUMPUSDC	−0.0158%	4h	2.1471	+0.053%	$105K	$254K	20x	as long as short
MEXC TRUMP_USDC	−0.0152%	4h	2.1450	−0.047%	$388K	$142K	125x	as long as short
KuCoin TRUMPUSDTMlong	−0.0126%	4h	2.1460	long leg	$4.2M	$10.2M	50x
Orderly PERP_TRUMP_USDC	−0.0084%	4h	2.1460	0.000%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0076%	4h	2.1480	+0.093%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0024%	4h	2.1470	+0.047%	$15.4M	$25.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1495	+0.163%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1465	+0.023%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1537	+0.359%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1498	+0.177%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERPshort	+0.0033%	1h	2.1600	+0.652%	$13K	$157K	12x
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1520	+0.280%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1483	+0.107%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1470	+0.047%	$405K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1468	+0.038%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.186%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.186%	$498K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1490	+0.140%	$149K	$358K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0184%	1h	2.1507	+0.219%	$381K	$395K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0195% / S −0.0191%	1h	2.1499	+0.180%	$11K	—	100x	as long as short