Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Gate0.000%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days+0.033%+$3 · spread now 0.000%, 7d avg −0.005%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1740	0.0100	pay 0.0050% / 4h	3h 45m	$7.4M	$46.8M	75x
Short	KuCoin TRUMPUSDTM	2.1740	0.0100	get 0.0050% / 4h	3h 45m	$4.0M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.005%: $0.46
Slippage, 4 orders: −$39.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$66.11
Costs to cover: 0.666%
Break-even: never at this rate

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	4.60 bp	16.5 bp −$16	34.5 bp −$345	75.6 bp −$7,555	doesn't fit
Sell KuCoin live order book, 3 min ago	2.30 bp	17.8 bp −$18	67.7 bp −$677	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	−0.1608%	1h	2.1640	−0.460%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1724	−0.073%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1747	+0.031%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1726	−0.064%	$407K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1726	−0.065%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1758	+0.085%	$118K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1720	−0.092%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1736	−0.018%	$966K	$756K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1737	−0.013%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1741	+0.003%	$453K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1747	+0.033%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1742	+0.009%	$62.3M	$227.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1750	+0.046%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1750	+0.046%	$26.9M	$152.5M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.1740	long leg	$7.4M	$46.8M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.1740	0.000%	$471K	$132K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1740	0.000%	$4.0M	$10.5M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.046%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1742	+0.007%	$699K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1770	+0.138%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1750	+0.046%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1725	−0.069%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	+0.046%	$549K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1741	+0.002%	$75K	$525K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1716	−0.112%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0202%	1h	2.1762	+0.101%	$14.0M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1727	−0.059%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	+0.046%	$4.2M	$625K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0387%	1h	2.1745	+0.023%	$258K	$283K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	+0.092%	$281K	$382K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0792%	1h	2.1753	+0.060%	$1.3M	$2.6M	50x	as long as short