Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against MEXC−0.036%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.036%, 7d avg +0.055%

Together, before fees+0.240%+$24 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: Binance is 0.090% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1810	0.0100	pay 0.0050% / 4h	1h 57m	$434K	$141K	125x
Short	Binance TRUMPUSDT	2.1802	0.0100	get 0.0050% / 4h	1h 57m	$63.3M	$234.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → +0.055%: −$9.05
Slippage, 4 orders: −$25.19
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.24
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from MEXC: live order book, 62 min ago; Binance: live order book, 1 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 MEXC live order book, 62 min ago	2.27 bp	8.6 bp −$9	34.8 bp −$348	139.6 bp −$14.0K	doesn't fit
Sell Binance live order book, 1 min ago	2.29 bp	10.6 bp −$11	17.1 bp −$171	41.2 bp −$4,117	203.5 bp −$101.8K

TRUMP on 30 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	−0.1659%	1h	2.1670	−0.642%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0448%	1h	2.1779	−0.142%	$970K	$791K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1772	−0.176%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0090%	4h	2.1810	0.000%	$7.7M	$48.8M	75x	as long as short
SoDEX TRUMP-USD	−0.0078%	1h	2.1785	−0.115%	$83	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1800	−0.046%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1797	−0.060%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1805	−0.022%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1918	+0.497%	$106K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0062%	8h	2.1771	−0.177%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0085%	4h	2.1790	−0.092%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1821	+0.050%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1800	−0.048%	$431K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1791	−0.089%	$188K	$56K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1802	−0.036%	$63.3M	$234.8M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	0.000%	$31.4M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.046%	$28.2M	$168.3M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1810	long leg	$434K	$141K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	−0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.092%	$15.7M	$24.4M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1842	+0.147%	$256K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1911	+0.464%	$690K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1896	+0.395%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.183%	$535K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1780	−0.138%	$79K	$631K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1775	−0.160%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1807	−0.014%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1816	+0.028%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.871%	$285K	$303K	50x	as long as short