TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.092%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.092%, 7d avg +0.013%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.079% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1750	0.0050	pay 0.0025% / 4h	1h 25m	$31.0M	$48.3M	50x
Short	KuCoin TRUMPUSDTM	2.1770	0.0100	get 0.0050% / 4h	1h 25m	$4.2M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $10.47
Price spread: +0.092% → +0.013%: $7.85
Slippage, 4 orders: −$36.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.91
Costs to cover: 0.592%
Break-even: 34.4 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 3 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 Bybit live order book, 4 min ago	2.30 bp	10.8 bp −$11	19.1 bp −$191	117.7 bp −$11.8K	doesn't fit
Sell KuCoin live order book, 3 min ago	4.60 bp	21.5 bp −$21	70.8 bp −$708	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 PERP	−0.1659%	1h	2.1580	−0.782%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1751	+0.005%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1750	0.000%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1747	−0.014%	$968K	$795K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0026%	1h	2.1770	+0.092%	$410K	$72K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1755	+0.025%	$27K	$512	5x	as long as short
SoDEX TRUMP-USD	+0.0003%	1h	2.1759	+0.041%	$84	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1774	+0.113%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1783	+0.151%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1701	−0.224%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDTlong	+0.0050%	4h	2.1750	long leg	$31.0M	$48.3M	50x
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1760	+0.046%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1776	+0.120%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1783	+0.150%	$431K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1769	+0.087%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1750	0.000%	$62.9M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	+0.046%	$27.4M	$170.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	0.000%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1770	+0.092%	$4.2M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.092%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.135%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.102%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.184%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.230%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1749	−0.004%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1760	+0.046%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0108%	1h	2.1777	+0.124%	$255K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1769	+0.090%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1785	+0.163%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	0.000%	$4.3M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.460%	$280K	$297K	50x	as long as short