Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Deribit against MEXC+0.060%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.060%, 7d avg +0.081%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.021% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1590	0.0100	pay 0.0050% / 4h	1h 05m	$414K	$151K	125x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1603	0	get 0.0000% / 1h	5m 54s	$407K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$21
Price spread: +0.060% → +0.081%: −$2.05
Slippage, 4 orders: −$43.62
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$73.67
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from MEXC: live order book, 49 min ago; Deribit: live order book, 58 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, 49 min ago	4.58 bp	9.6 bp −$10	31.8 bp −$318	141.2 bp −$14.1K	doesn't fit
Sell Deribit live order book, 58 min ago	6.82 bp	10.3 bp −$10	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	−0.1659%	1h	2.1580	−0.046%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1591	+0.005%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0080%	1h	2.1591	+0.005%	$83	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1580	−0.046%	$7.6M	$50.3M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1590	0.000%	$954K	$906K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1626	+0.165%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1603	+0.060%	$407K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1604	+0.066%	$42K	—	150x	as long as short
Bybit TRUMPUSDT	+0.0010%	4h	2.1560	−0.139%	$30.7M	$48.7M	50x	as long as short
Paradex TRUMP-USD-PERP	+0.0027%	8h	2.1594	+0.018%	$5K	$175	5x	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	+0.0044%	4h	2.1581	−0.043%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1694	+0.483%	$106K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0068%	4h	2.1590	0.000%	$4K	$236K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1628	+0.176%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1620	+0.139%	$427K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1607	+0.078%	$186K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1580	−0.046%	$62.5M	$238.1M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1570	−0.093%	$27.4M	$170.2M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1590	long leg	$414K	$151K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1590	0.000%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	−0.046%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1624	+0.157%	$253K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.463%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1610	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.093%	$527K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1579	−0.049%	$74K	$750K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1590	0.000%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1608	+0.081%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0290%	1h	2.1634	+0.202%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1650	+0.278%	$4.3M	$654K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1640	+0.232%	$280K	$284K	50x	as long as short