Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.040%

Price spread now: MEXC against Deribit−0.103%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.103%, 7d avg −0.073%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.029% cheaper against Deribit than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.073%). If the spread goes back, that is −$3 on $10k: about 24 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.054% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1462	−0.0262	get 0.0033% / 1h	43m 56s	$385K	$78K	10x
Short	MEXC TRUMP_USDC	2.1440	−0.0164	pay 0.0082% / 4h	1h 43m	$388K	$142K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.103%Rate

Funding earned: $20.64
Price spread: −0.103% → −0.073%: −$2.9
Slippage, 4 orders: −$28.67
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.93
Costs to cover: 0.357%
Break-even: 13.1 days

Slippage from Deribit: live order book, 3 min ago; MEXC: live order book, 61 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 Deribit live order book, 3 min ago	4.66 bp	13.7 bp −$14	26.3 bp −$263	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	2.33 bp	6.4 bp −$6	17.5 bp −$175	123.0 bp −$12.3K	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
Variational Omni TRUMP	−0.0413%	4h	2.1460	−0.012%	$668K	$399K	—	as long as short
SoDEX TRUMP-USD	−0.0383%	1h	2.1455	−0.033%	$78	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0371%	4h	2.1460	−0.009%	$31.3M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0350%	4h	2.1460	−0.009%	$27.3M	$172.8M	50x	as long as short
Binance TRUMPUSDT	−0.0323%	4h	2.1463	+0.004%	$63.0M	$237.6M	75x	as long as short
Extended TRUMP-USD	−0.0320%	1h	2.1448	−0.066%	$74K	$491K	25x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.242%	$131K	$514K	50x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0262%	1h	2.1462	long leg	$385K	$78K	10x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1430	−0.150%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0244%	4h	2.1460	−0.009%	$7.8M	$47.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0184%	8h	2.1413	−0.228%	$5K	$175	5x	as long as short
MEXC TRUMP_USDCshort	−0.0164%	4h	2.1440	−0.103%	$388K	$142K	125x
edgeX TRUMPUSDC	−0.0161%	4h	2.1461	−0.003%	$105K	$254K	20x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1454	−0.037%	$922K	$955K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0132%	4h	2.1450	−0.056%	$4.2M	$10.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1440	−0.103%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0081%	4h	2.1450	−0.056%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0032%	4h	2.1470	+0.037%	$15.4M	$25.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1455	−0.034%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1439	−0.108%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1461	−0.007%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1484	+0.105%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.643%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1477	+0.071%	$185K	$4.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1473	+0.051%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1468	+0.030%	$404K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1422	−0.186%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.084%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	−0.149%	$496K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1480	+0.084%	$154K	$369K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0167%	1h	2.1491	+0.135%	$381K	$394K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0197% / S −0.0194%	1h	2.1456	−0.026%	$11K	—	100x	as long as short