Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against KuCoin−0.046%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

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

costs, in and out, $10k−$490.492% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.046%, 7d avg −0.067%

Together, before fees−0.167%−$17 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: MEXC is 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1700	0.0100	pay 0.0050% / 4h	3h 17m	$4.2M	$11.1M	50x
Short	MEXC TRUMP_USDC	2.1690	0.0100	get 0.0050% / 4h	3h 17m	$407K	$150K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.067%: $2.09
Slippage, 4 orders: −$37.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$47.14
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; MEXC: live order book, 27 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	2.31 bp	18.5 bp −$18	93.8 bp −$938	doesn't fit	doesn't fit
Sell MEXC live order book, 27 min ago	2.29 bp	5.5 bp −$5	19.4 bp −$194	133.8 bp −$13.4K	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	−0.1765%	1h	2.1550	−0.691%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0310%	1h	2.1695	−0.023%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0276%	8h	2.1702	+0.010%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1684	−0.074%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0211%	1h	2.1704	+0.018%	$408K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0150%	4h	2.1700	0.000%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0115%	4h	2.1680	−0.091%	$61.2M	$246.4M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1689	−0.051%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0089%	4h	2.1680	−0.092%	$30.7M	$50.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	−0.151%	$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
Variational Omni TRUMP	−0.0023%	4h	2.1681	−0.087%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1710	+0.046%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.066%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1690	−0.046%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	−0.184%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1692	−0.037%	$958K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1690	−0.046%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	+0.017%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1706	+0.026%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1720	+0.094%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	−0.138%	$27.7M	$179.2M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1690	−0.046%	$407K	$150K	125x
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1700	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1710	+0.046%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.138%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0125%	4h	2.1710	+0.046%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1710	+0.045%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1733	+0.150%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0196%	1h	2.1709	+0.041%	$341K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	−0.138%	$280K	$277K	50x	as long as short