Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.079%

Price spread now: OKX against Coinbase International−0.093%55s7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as 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−$420.416% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.093%, 7d avg −0.091%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1440	−0.0320	get 0.0040% / 1h	55m 25s	$129K	$522K	50x
Short	OKX TRUMP-USDT-SWAP	2.1420	−0.0324	pay 0.0162% / 4h	55m 25s	$27.1M	$172.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Coinbase International. 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 Coinbase InternationalbpFee OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$0.85
Price spread: −0.093% → −0.091%: −$0.24
Slippage, 4 orders: −$21.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.68
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 51 min ago; OKX: live order book, 2 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 Coinbase International live order book, 51 min ago	7.00 bp	12.0 bp −$12	20.9 bp −$209	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.33 bp	7.8 bp −$8	11.7 bp −$117	33.6 bp −$3,365	715.3 bp −$357.6K

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	−0.0384%	1h	2.1415	−0.117%	$80	$6K	5x	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1417	−0.105%	$74K	$483K	25x	as long as short
Binance TRUMPUSDT	−0.0375%	4h	2.1420	−0.093%	$62.6M	$236.5M	75x	as long as short
Variational Omni TRUMP	−0.0374%	4h	2.1409	−0.143%	$666K	$399K	—	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0324%	4h	2.1420	−0.093%	$27.1M	$172.3M	50x
Coinbase International TRUMP-PERP-INTXlong	−0.0320%	1h	2.1440	long leg	$129K	$522K	50x
Bybit TRUMPUSDT	−0.0306%	4h	2.1420	−0.093%	$31.2M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1410	−0.140%	$387K	$142K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1409	−0.143%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0216%	4h	2.1420	−0.093%	$7.7M	$46.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TRUMPUSDTM	−0.0210%	4h	2.1420	−0.093%	$4.3M	$10.1M	50x	as long as short
edgeX TRUMPUSDC	−0.0188%	4h	2.1435	−0.023%	$105K	$252K	20x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1427	−0.061%	$916K	$928K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1430	−0.047%	$385K	$79K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1426	−0.067%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0136%	4h	2.1450	+0.047%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0091%	4h	2.1420	−0.093%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0030%	4h	2.1420	−0.093%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1410	−0.140%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1434	−0.027%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1433	−0.035%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0016%	4h	2.1450	+0.047%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.420%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1430	−0.047%	$13.6M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1424	−0.073%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1438	−0.009%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	+0.047%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	0.000%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1440	0.000%	$266K	$589K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0218%	1h	2.1429	−0.050%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0261%	1h	2.1458	+0.084%	$383K	$391K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0326%	1h	2.1463	+0.108%	$1.4M	$2.1M	50x	as long as short