Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1865%/8h= −204.2% APRpaid last 24h −0.514%

Price spread now: Injective against MEXC−0.415%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.310%−$31 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.415%, 7d avg −0.008%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$56 a day on $10k at the current rate, and Injective is 0.407% cheaper against MEXC than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.310% in total (about -16.2% 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	2.1670	0.0100	pay 0.0050% / 4h	3h 24m	$406K	$150K	125x
Short	Injective TRUMP/USDC PERP	2.1580	−0.1765	pay 0.0221% / 1h	24m 57s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.415%Rate

Funding earned: −$391.69
Price spread: −0.415% → −0.008%: −$40.69
Slippage, 4 orders: −$109.29
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$541.69
Costs to cover: 1.093%
Break-even: never at this rate

Slippage from MEXC: live order book, 19 min ago; Injective: live order book, 14 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, 19 min ago	2.29 bp	9.7 bp −$10	32.4 bp −$324	140.6 bp −$14.1K	doesn't fit
Sell Injective live order book, 14 min ago	41.28 bp	43.7 bp −$44	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 PERPshort	−0.1765%	1h	2.1580	−0.415%	$13K	$157K	12x
Paradex TRUMP-USD-PERP	−0.0307%	8h	2.1703	+0.151%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0278%	1h	2.1685	+0.069%	$86	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0257%	1h	2.1700	+0.138%	$408K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	+0.097%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0242%	4h	2.1670	0.000%	$7.8M	$51.7M	75x	as long as short
Binance TRUMPUSDT	−0.0089%	4h	2.1680	+0.046%	$61.4M	$246.0M	75x	as long as short
Extended TRUMP-USD	−0.0088%	1h	2.1669	−0.005%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0040%	4h	2.1704	+0.155%	$106K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0020%	4h	2.1681	+0.051%	$670K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0005%	1h	2.1720	+0.231%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.204%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0021%	4h	2.1700	+0.138%	$3K	$190K	10x	as long as short
Bybit TRUMPUSDT	+0.0063%	4h	2.1680	+0.046%	$30.7M	$50.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1680	+0.046%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1687	+0.078%	$957K	$975K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	+0.554%	$179K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	+0.157%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1703	+0.153%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1711	+0.191%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	0.000%	$27.7M	$178.9M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1670	long leg	$406K	$150K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1680	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1680	+0.046%	$15.7M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	+0.185%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1720	+0.231%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0151%	4h	2.1720	+0.231%	$4.2M	$665K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1714	+0.205%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1716	+0.213%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0245%	1h	2.1717	+0.217%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1890	+1.015%	$283K	$279K	50x	as long as short