Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against KuCoin−0.193%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)+0.266%+$27 · spread now −0.193%, 7d avg +0.006%

Together, before fees+0.409%+ Points / potential airdropPacifica: Active · farm board+$41 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: Pacifica is 0.198% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.2210	0.0100	pay 0.0050% / 4h	2h 44m	$4.1M	$11.0M	50x
Short	Pacifica TRUMP	2.2167	0.0100	get 0.0013% / 1h	44m 11s	$191K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.193%Rate

Funding earned: $0
Price spread: −0.193% → +0.006%: −$19.85
Slippage, 4 orders: −$60.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$100.6
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Pacifica: live order book, 24 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, 9 min ago	4.51 bp	21.3 bp −$21	98.2 bp −$982	doesn't fit	doesn't fit
Sell Pacifica live order book, 24 min ago	10.70 bp	23.2 bp −$23	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	−0.1623%	1h	2.2050	−0.720%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2162	−0.218%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2170	−0.180%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2211	+0.005%	$418K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2195	−0.069%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2219	+0.043%	$108K	$263K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.2218	+0.036%	$987K	$788K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0079%	8h	2.2158	−0.234%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.2210	0.000%	$3K	$238K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2262	+0.234%	$14.9M	$6.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2183	−0.123%	$438K	$860K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.2167	−0.193%	$191K	$57K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.2220	+0.045%	$64.4M	$234.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2220	+0.045%	$31.7M	$47.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2220	+0.045%	$29.0M	$169.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2200	−0.045%	$7.9M	$48.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2210	0.000%	$443K	$144K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.2210	long leg	$4.1M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.2240	+0.135%	$15.9M	$23.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2152	−0.263%	$699K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2295	+0.381%	$194K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2200	−0.045%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2225	+0.068%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2280	+0.315%	$578K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2219	+0.042%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2215	+0.023%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2189	−0.093%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0325%	1h	2.2267	+0.257%	$260K	$320K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.090%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0508%	1h	2.2241	+0.140%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.495%	$286K	$307K	50x	as long as short