Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)−0.021%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. KuCoin is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1904	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	21m 52s	$42K	—	150x
Short	KuCoin TRUMPUSDTM	2.1900	0.0100	get 0.0050% / 4h	1h 21m	$4.2M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $19.26
Price spread: −0.021% → 0.000%: −$2.05
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.8
Costs to cover: 0.220%
Break-even: 8.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 7 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 7 min ago	4.60 bp	21.5 bp −$21	70.8 bp −$708	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1659%	1h	2.1700	−0.934%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.106%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0032%	4h	2.1890	−0.066%	$7.7M	$50.1M	75x	as long as short
Lighter TRUMP	−0.0016%	1h	2.1880	−0.112%	$974K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1916	+0.053%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1905	+0.002%	$412K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1904	long leg	$42K	—	150x
SoDEX TRUMP-USD	+0.0016%	1h	2.1889	−0.071%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1894	−0.046%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1748	−0.716%	$106K	$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 TRUMPUSDT	+0.0062%	4h	2.1870	−0.158%	$31.2M	$48.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1890	−0.066%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1896	−0.039%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1892	−0.058%	$433K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1901	−0.017%	$188K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1870	−0.158%	$63.2M	$237.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1870	−0.158%	$27.7M	$171.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.112%	$420K	$150K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1900	−0.021%	$4.2M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1880	−0.112%	$15.7M	$25.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.840%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.806%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.071%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.116%	$536K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1869	−0.161%	$116K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1906	+0.006%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0129%	1h	2.1898	−0.030%	$256K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1899	−0.023%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0286%	1h	2.1913	+0.038%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.249%	$4.3M	$660K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1920	+0.071%	$284K	$301K	50x	as long as short