Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0657%/8h= +71.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against SoDEX+0.047%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and KuCoin is 0.047% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1430	−0.0557	get 0.0070% / 1h	44m 58s	$84	$6K	5x
Short	KuCoin TRUMPUSDTM	2.1440	0.0100	get 0.0050% / 4h	2h 44m	$4.2M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: $137.99
Price spread: +0.047% → 0.000%: $4.67
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $122.65
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 8 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	4.64 bp	16.9 bp −$17	77.2 bp −$772	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.1350	−0.373%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDlong	−0.0557%	1h	2.1430	long leg	$84	$6K	5x
Lighter TRUMP	−0.0488%	1h	2.1426	−0.019%	$948K	$994K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0449%	1h	2.1440	+0.047%	$404K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0288%	4h	2.1420	−0.047%	$30.5M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1451	+0.100%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0242%	8h	2.1453	+0.108%	$5K	$175	5x	as long as short
Binance TRUMPUSDT	−0.0227%	4h	2.1420	−0.047%	$60.4M	$247.4M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1419	−0.050%	$74K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0158%	4h	2.1440	+0.047%	$7.7M	$52.3M	75x	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	−0.0128%	4h	2.1441	+0.052%	$662K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0107%	4h	2.1475	+0.208%	$105K	$265K	20x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1468	+0.176%	$179K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0028%	4h	2.1450	+0.093%	$5K	$215K	10x	as long as short
dYdX TRUMP-USD	−0.0024%	1h	2.1468	+0.177%	$27K	$506	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0022%	4h	2.1430	0.000%	$27.2M	$178.7M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1465	+0.162%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1430	0.000%	$4.2M	$644K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1425	−0.023%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1449	+0.089%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1445	+0.068%	$403K	$802K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1468	+0.176%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	0.000%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1440	+0.047%	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	0.000%	$15.4M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.327%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.233%	$488K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1460	+0.141%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1468	+0.178%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0277%	1h	2.1468	+0.177%	$380K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1480	+0.233%	$275K	$304K	50x	as long as short