Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h +0.027%

Price spread now: Coinbase International against BloFin−0.139%58s7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.532% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.139%, 7d avg +0.081%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.220% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.081%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.1550	−0.0060	get 0.0030% / 4h	2h 07m	$4.3M	$677K	75x
Short	Coinbase International TRUMP-PERP-INTX	2.1520	−0.0240	pay 0.0030% / 1h	7m 58s	$132K	$517K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$37.8
Price spread: −0.139% → +0.081%: −$22.01
Slippage, 4 orders: −$31.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$112.97
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Coinbase International: live order book, 43 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 BloFin live order book, 4 min ago	4.64 bp	14.3 bp −$14	16.8 bp −$168	30.0 bp −$3,000	133.5 bp −$66.7K
Sell Coinbase International live order book, 43 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
Injective TRUMP/USDC PERP	−0.1841%	1h	2.1600	+0.232%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0359%	4h	2.1550	+0.001%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0328%	4h	2.1570	+0.093%	$31.4M	$49.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0327%	4h	2.1560	+0.046%	$27.3M	$175.6M	50x	as long as short
Extended TRUMP-USD	−0.0304%	1h	2.1568	+0.084%	$74K	$496K	25x	as long as short
SoDEX TRUMP-USD	−0.0301%	1h	2.1565	+0.070%	$67	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0300%	4h	2.1570	+0.093%	$63.4M	$239.9M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1560	+0.046%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTXshort	−0.0240%	1h	2.1520	−0.139%	$132K	$517K	50x
Gate TRUMP_USDT	−0.0226%	4h	2.1570	+0.093%	$7.8M	$48.6M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0224%	1h	2.1563	+0.060%	$931K	$981K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0198%	8h	2.1563	+0.059%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0150%	4h	2.1551	+0.005%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0126%	4h	2.1570	+0.093%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0116%	4h	2.1560	+0.046%	$393K	$152K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0076%	4h	2.1560	+0.046%	$5K	$309K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0074%	1h	2.1575	+0.116%	$387K	$78K	10x	as long as short
BloFin TRUMP-USDTlong	−0.0060%	4h	2.1550	long leg	$4.3M	$677K	75x
Bitget TRUMPUSDT	−0.0016%	4h	2.1580	+0.139%	$15.5M	$25.4M	75x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1556	+0.028%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1550	0.000%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1583	+0.153%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1599	+0.229%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1555	+0.023%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1589	+0.181%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1571	+0.099%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1573	+0.107%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.186%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.139%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1570	+0.093%	$109K	$277K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0190% / S −0.0185%	1h	2.1580	+0.138%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0253%	1h	2.1602	+0.241%	$386K	$397K	10x	as long as short