Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+0.009%7-day average −0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.009%, 7d avg −0.020%

Together, before fees−0.140%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: Variational Omni is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1880	0.0100	pay 0.0050% / 4h	1h 08m	$4.6M	$10.4M	50x
Short	Variational Omni TRUMP	2.1882	0.0100	get 0.0050% / 4h	1h 08m	$692K	$270K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.020%: $2.89
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.11
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: RFQ quote, 11 min ago. Net counts fees only.

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	2.29 bp	18.2 bp −$18	88.3 bp −$883	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	5.00 bp	doesn't fit	15.7 bp −$157	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	−0.1472%	1h	2.1780	−0.457%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1852	−0.128%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0070%	1h	2.1849	−0.142%	$410K	$76K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1914	+0.155%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1866	−0.065%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1888	+0.037%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1840	−0.183%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0094%	8h	2.1889	+0.042%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1842	−0.174%	$983K	$723K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1877	−0.014%	$14.0M	$7.5M	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	2.1893	+0.058%	$455K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1908	+0.130%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1859	−0.098%	$62.3M	$220.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	−0.137%	$30.5M	$43.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.137%	$26.8M	$150.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	0.000%	$7.4M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.091%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1880	long leg	$4.6M	$10.4M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	−0.091%	$15.4M	$21.1M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1882	+0.009%	$692K	$270K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1892	+0.055%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1930	+0.229%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1855	−0.114%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.183%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1841	−0.180%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1845	−0.160%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1860	−0.093%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.137%	$4.2M	$625K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0342%	1h	2.1936	+0.256%	$259K	$274K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1890	+0.046%	$282K	$401K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1871	−0.041%	$1.3M	$2.5M	50x	as long as short