Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h −0.011%

Price spread now: Kraken Futures against KuCoin+0.276%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now +0.276%, 7d avg +0.057%

Together, before fees−0.377%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.219% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1400	0.0100	pay 0.0050% / 4h	36m 37s	$4.2M	$11.1M	50x
Short	Kraken Futures PF_TRUMPUSD	2.1459	0.0221	get 0.0028% / 1h	36m 37s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.276%Rate

Funding earned: $25.45
Price spread: +0.276% → +0.057%: $21.91
Slippage, 4 orders: −$47.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$22.05
Costs to cover: 0.694%
Break-even: 13.1 days

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 2 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	4.66 bp	14.9 bp −$15	97.9 bp −$979	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.66 bp	17.1 bp −$17	35.2 bp −$352	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	−0.1690%	1h	2.1350	−0.234%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1417	+0.077%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0240%	1h	2.1435	+0.164%	$95	$6K	5x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1378	−0.103%	$946K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1380	−0.093%	$7.5M	$50.6M	75x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	+0.285%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1426	+0.121%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1427	+0.126%	$403K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1437	+0.171%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0011%	4h	2.1436	+0.166%	$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
Paradex TRUMP-USD-PERP	+0.0013%	8h	2.1387	−0.061%	$5K	$175	5x	as long as short
Binance TRUMPUSDT	+0.0015%	4h	2.1374	−0.123%	$60.1M	$241.1M	75x	as long as short
Extended TRUMP-USD	+0.0016%	1h	2.1375	−0.118%	$74K	$749K	25x	as long as short
Bybit TRUMPUSDT	+0.0020%	4h	2.1380	−0.093%	$30.3M	$49.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0047%	4h	2.1420	+0.093%	$4K	$212K	10x	as long as short
BloFin TRUMP-USDT	+0.0061%	4h	2.1450	+0.234%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1415	+0.070%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1424	+0.112%	$14.2M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1410	+0.047%	$420K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1400	+0.001%	$184K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1360	−0.187%	$27.1M	$171.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	−0.047%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1400	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	−0.093%	$15.4M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1435	+0.164%	$251K	$315K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1520	+0.563%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.280%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	0.000%	$496K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1439	+0.181%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0221%	1h	2.1459	+0.276%	$1.3M	$2.2M	50x
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1470	+0.327%	$278K	$279K	50x	as long as short