Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.087%

Price spread now: Coinbase International against OKX+0.046%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.046%, 7d avg +0.094%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.047% cheaper against OKX than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.094%). If the spread goes back, that is −$5 on $10k: about 4.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.178% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1570	−0.0331	get 0.0166% / 4h	1h 56m	$27.4M	$174.1M	50x
Short	Coinbase International TRUMP-PERP-INTX	2.1580	−0.0296	pay 0.0037% / 1h	56m 20s	$132K	$518K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $7.44
Price spread: +0.046% → +0.094%: −$4.72
Slippage, 4 orders: −$22.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.15
Costs to cover: 0.429%
Break-even: 44.8 days

Slippage from OKX: live order book, 6 min ago; Coinbase International: live order book, 54 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 OKX live order book, 6 min ago	2.32 bp	7.3 bp −$7	10.5 bp −$105	33.5 bp −$3,346	doesn't fit
Sell Coinbase International live order book, 54 min ago	6.99 bp	16.3 bp −$16	23.4 bp −$234	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
SoDEX TRUMP-USD	−0.0385%	1h	2.1595	+0.116%	$71	$6K	5x	as long as short
Variational Omni TRUMP	−0.0363%	4h	2.1580	+0.046%	$670K	$398K	—	as long as short
Bybit TRUMPUSDT	−0.0349%	4h	2.1560	−0.046%	$31.4M	$48.7M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0331%	4h	2.1570	long leg	$27.4M	$174.1M	50x
Extended TRUMP-USD	−0.0312%	1h	2.1558	−0.056%	$75K	$491K	25x	as long as short
Binance TRUMPUSDT	−0.0312%	4h	2.1570	0.000%	$63.3M	$238.0M	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	−0.0296%	1h	2.1580	+0.046%	$132K	$518K	50x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1565	−0.024%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0216%	4h	2.1570	0.000%	$7.8M	$47.1M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0213%	1h	2.1578	+0.037%	$387K	$78K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0176%	8h	2.1576	+0.027%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0152%	4h	2.1588	+0.086%	$105K	$255K	20x	as long as short
MEXC TRUMP_USDC	−0.0132%	4h	2.1550	−0.093%	$390K	$142K	125x	as long as short
Lighter TRUMP	−0.0128%	1h	2.1569	−0.005%	$929K	$950K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0120%	4h	2.1590	+0.093%	$4.2M	$10.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1560	−0.046%	$5K	$306K	10x	as long as short
BloFin TRUMP-USDT	−0.0069%	4h	2.1590	+0.093%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0016%	4h	2.1580	+0.046%	$15.5M	$25.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1615	+0.207%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1553	−0.080%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1611	+0.191%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1599	+0.136%	$1.3M	$2.0M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.139%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0042%	4h	2.1622	+0.243%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1591	+0.097%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1574	+0.016%	$407K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1605	+0.162%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.139%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1590	+0.093%	$501K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1570	0.000%	$140K	$340K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0175%	1h	2.1622	+0.241%	$383K	$397K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0194% / S −0.0189%	1h	2.1608	+0.176%	$11K	—	100x	as long as short