Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.002%

Price spread now: Extended against MEXC−0.051%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.051%, 7d avg +0.008%

Together, before fees+0.211%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.058% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.054% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1270	0.0100	pay 0.0050% / 4h	2h 29m	$396K	$149K	125x
Short	Extended TRUMP-USD	2.1259	−0.0264	pay 0.0033% / 1h	29m 57s	$76K	$746K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$76.44
Price spread: −0.051% → +0.008%: −$5.83
Slippage, 4 orders: −$15.08
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.35
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Extended: live order book, 18 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, 9 min ago	2.36 bp	2.4 bp −$2	17.6 bp −$176	133.1 bp −$13.3K	doesn't fit
Sell Extended live order book, 18 min ago	4.66 bp	7.7 bp −$8	31.2 bp −$312	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	−0.1827%	1h	2.1120	−0.705%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1257	−0.061%	$940K	$998K	10x	as long as short
SoDEX TRUMP-USD	−0.0444%	1h	2.1255	−0.071%	$83	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0329%	4h	2.1260	−0.047%	$30.0M	$51.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0267%	1h	2.1268	−0.009%	$400K	$72K	10x	as long as short
Extended TRUMP-USDshort	−0.0264%	1h	2.1259	−0.051%	$76K	$746K	25x
Binance TRUMPUSDT	−0.0264%	4h	2.1262	−0.035%	$59.9M	$250.0M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1262	−0.039%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0226%	8h	2.1241	−0.135%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0182%	4h	2.1212	−0.274%	$655K	$426K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0144%	4h	2.1260	−0.047%	$7.6M	$53.2M	75x	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1187	−0.390%	$103K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0056%	4h	2.1250	−0.094%	$26.6M	$179.8M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0048%	4h	2.1200	−0.329%	$175K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0040%	4h	2.1250	−0.094%	$5K	$220K	10x	as long as short
BloFin TRUMP-USDT	−0.0024%	4h	2.1200	−0.329%	$4.1M	$680K	75x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1246	−0.114%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1275	+0.023%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1255	−0.071%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1288	+0.085%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1268	−0.010%	$400K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1244	−0.122%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1270	long leg	$396K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1270	0.000%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1270	0.000%	$15.3M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1300	+0.141%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1270	0.000%	$479K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1272	+0.008%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0181%	1h	2.1307	+0.174%	$381K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1284	+0.064%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1270	0.000%	$254K	$325K	50x	as long as short