Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.089%

Price spread now: Coinbase International against MEXC−0.226%7-day average +0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.226%, 7d avg +0.135%

Together, before fees+0.637%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.360% cheaper against MEXC than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of +0.135%). If the spread goes back, that is −$36 on $10k: about 2.8 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.324% in total) that is about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.2150	0.0100	pay 0.0050% / 4h	2h 42m	$441K	$144K	125x
Short	Coinbase International TRUMP-PERP-INTX	2.2100	0.0536	get 0.0067% / 1h	42m 41s	$286K	$307K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.226%Rate

Funding earned: $91.56
Price spread: −0.226% → +0.135%: −$36.04
Slippage, 4 orders: −$54.21
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.7
Costs to cover: 0.642%
Break-even: 7.7 days

Slippage from MEXC: live order book, 17 min ago; Coinbase International: live order book, 25 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, 17 min ago	2.27 bp	8.6 bp −$9	34.8 bp −$348	139.6 bp −$14.0K	doesn't fit
Sell Coinbase International live order book, 25 min ago	17.81 bp	24.1 bp −$24	36.2 bp −$362	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	2.2170	+0.090%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2242	+0.414%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2132	−0.079%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2247	+0.438%	$419K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2264	+0.516%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2219	+0.314%	$108K	$263K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.2128	−0.099%	$983K	$788K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0078%	8h	2.2140	−0.047%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.2250	+0.451%	$3K	$238K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2162	+0.054%	$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	2.2127	−0.106%	$436K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2149	−0.006%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2140	−0.045%	$64.2M	$234.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2160	+0.045%	$31.6M	$47.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2160	+0.045%	$28.9M	$169.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2130	−0.090%	$7.8M	$48.4M	75x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.2150	long leg	$441K	$144K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2150	0.000%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2140	−0.045%	$15.8M	$23.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2152	+0.007%	$699K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.181%	$192K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2280	+0.587%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2238	+0.397%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2300	+0.677%	$579K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2119	−0.138%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2227	+0.346%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2263	+0.508%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.361%	$4.4M	$697K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0349%	1h	2.2225	+0.339%	$260K	$320K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0507%	1h	2.2259	+0.491%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0536%	1h	2.2100	−0.226%	$286K	$307K	50x