Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h +0.001%

Price spread now: MEXC against Kraken Futures−0.100%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.100%, 7d avg −0.123%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.023% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.123%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.009% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1912	0.0171	pay 0.0021% / 1h	37m 42s	$1.3M	$2.2M	50x
Short	MEXC TRUMP_USDC	2.1890	0.0100	get 0.0050% / 4h	3h 37m	$411K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$14.86
Price spread: −0.100% → −0.123%: $2.26
Slippage, 4 orders: −$42.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$65.35
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; MEXC: live order book, 7 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 Kraken Futures live order book, 1 min ago	4.56 bp	16.2 bp −$16	23.4 bp −$234	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	2.29 bp	5.5 bp −$5	19.4 bp −$194	133.8 bp −$13.4K	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	−0.1765%	1h	2.1690	−1.013%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.139%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0206%	4h	2.1880	−0.146%	$31.0M	$50.0M	50x	as long as short
SoDEX TRUMP-USD	−0.0189%	1h	2.1880	−0.146%	$93	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0060%	4h	2.1880	−0.146%	$62.0M	$244.6M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1879	−0.151%	$75K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.551%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.644%	$106K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	−0.117%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1898	−0.064%	$412K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1900	−0.055%	$41K	—	150x	as long as short
Gate TRUMP_USDT	+0.0016%	4h	2.1880	−0.146%	$7.9M	$51.4M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.146%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1880	−0.146%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1875	−0.169%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1879	−0.150%	$969K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1911	−0.004%	$13.9M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1892	−0.089%	$429K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1887	−0.113%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	−0.146%	$28.0M	$179.9M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1890	−0.100%	$411K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	−0.146%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	−0.055%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	−0.462%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	−0.009%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1910	−0.009%	$498K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0171%	1h	2.1912	long leg	$1.3M	$2.2M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1899	−0.060%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0181%	4h	2.1800	−0.511%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0365%	1h	2.1922	+0.046%	$345K	$375K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.328%	$282K	$278K	50x	as long as short