Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against OKX−0.046%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.046%, 7d avg −0.039%

Together, before fees−0.336%−$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1860	0.0100	pay 0.0050% / 4h	1h 49m	$26.7M	$148.6M	50x
Short	MEXC TRUMP_USDC	2.1850	0.0100	get 0.0050% / 4h	1h 49m	$480K	$132K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.039%: −$0.67
Slippage, 4 orders: −$17.18
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$27.85
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: 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 OKX live order book, 5 min ago	2.28 bp	7.3 bp −$7	13.4 bp −$134	43.4 bp −$4,345	doesn't fit
Sell MEXC live order book, 25 min ago	2.29 bp	2.3 bp −$2	16.6 bp −$166	124.2 bp −$12.4K	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	−0.1472%	1h	2.1770	−0.412%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1864	+0.016%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1858	−0.010%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1843	−0.078%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1868	+0.036%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1857	−0.013%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1840	−0.091%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0087%	8h	2.1853	−0.033%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1849	−0.050%	$973K	$670K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1879	+0.087%	$14.1M	$7.4M	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	2.1864	+0.018%	$456K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1865	+0.022%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1866	+0.025%	$62.3M	$217.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	−0.046%	$30.5M	$42.7M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1860	long leg	$26.7M	$148.6M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.1860	0.000%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1850	−0.046%	$480K	$132K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	+0.046%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	0.000%	$15.5M	$20.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1863	+0.014%	$683K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	0.000%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	−0.069%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1900	+0.183%	$516K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1852	−0.038%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	−0.093%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1865	+0.021%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0256%	1h	2.1873	+0.059%	$259K	$268K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.046%	$4.2M	$519K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	0.000%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1882	+0.102%	$1.3M	$2.4M	50x	as long as short