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 0.000%

Price spread now: OKX against KuCoin0.000%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.017%+$2 · spread now 0.000%, 7d avg −0.018%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1680	0.0100	pay 0.0050% / 4h	3h 18m	$4.2M	$11.1M	50x
Short	OKX TRUMP-USDT-SWAP	2.1680	0.0100	get 0.0050% / 4h	3h 18m	$27.7M	$179.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.018%: $1.77
Slippage, 4 orders: −$25.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$45.91
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago	2.31 bp	17.3 bp −$17	102.3 bp −$1,023	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	2.31 bp	7.3 bp −$7	11.7 bp −$117	47.5 bp −$4,753	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	2.1560	−0.554%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0317%	1h	2.1665	−0.069%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0283%	8h	2.1625	−0.252%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1646	−0.155%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0174%	4h	2.1690	+0.046%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0113%	4h	2.1682	+0.007%	$61.2M	$245.8M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1669	−0.051%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0107%	4h	2.1680	0.000%	$30.7M	$50.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0073%	1h	2.1684	+0.018%	$408K	$72K	10x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	−0.059%	$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	+0.006%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1656	−0.110%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1682	+0.011%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0013%	4h	2.1670	−0.046%	$4K	$191K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	−0.092%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1670	−0.046%	$957K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1655	−0.115%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1692	+0.055%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1690	+0.046%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1640	−0.185%	$186K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1680	0.000%	$27.7M	$179.2M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1690	+0.046%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1680	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1690	+0.046%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1670	−0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	−0.092%	$494K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0127%	4h	2.1640	−0.185%	$4.2M	$662K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1686	+0.026%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1704	+0.113%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0196%	1h	2.1709	+0.134%	$341K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	−0.046%	$280K	$277K	50x	as long as short