Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.001%

Price spread now: Aevo against KuCoin−0.231%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.231% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1600	0.0100	pay 0.0050% / 4h	11m 15s	$4.3M	$11.1M	50x
Short	Aevo TRUMP-PERP	2.1550	0.0080	get 0.0010% / 1h	11m 15s	$19K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.231%Rate

Funding earned: −$4.2
Price spread: −0.231% → 0.000%: −$23.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$55.35
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Aevo: no order-book sample. 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 KuCoin live order book, 7 min ago	2.32 bp	20.0 bp −$20	90.9 bp −$909	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.1690%	1h	2.1450	−0.694%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	−0.132%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0121%	1h	2.1563	−0.171%	$406K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0105%	1h	2.1558	−0.194%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0040%	4h	2.1590	−0.046%	$7.6M	$51.1M	75x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1531	−0.318%	$665K	$488K	—	as long as short
Binance TRUMPUSDT	−0.0018%	4h	2.1579	−0.097%	$60.6M	$241.9M	75x	as long as short
Extended TRUMP-USD	−0.0016%	1h	2.1549	−0.236%	$74K	$721K	25x	as long as short
edgeX TRUMPUSDC	−0.0005%	4h	2.1545	−0.252%	$105K	$265K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1586	−0.064%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	0.0000%	1h	2.1580	−0.093%	$955K	$957K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1584	−0.074%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0038%	8h	2.1570	−0.137%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1560	−0.185%	$4K	$202K	10x	as long as short
Aevo TRUMP-PERPshort	+0.0080%	1h	2.1550	−0.231%	$19K	—	3x
Hyperliquid TRUMP	+0.0100%	1h	2.1603	+0.014%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1591	−0.041%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1588	−0.056%	$186K	$53K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1580	−0.093%	$30.6M	$49.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1570	−0.139%	$27.3M	$173.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	−0.093%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1600	long leg	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	−0.093%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1600	0.000%	$339K	$361K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1529	−0.328%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	−0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	−0.093%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1589	−0.051%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1587	−0.060%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0222%	4h	2.1550	−0.231%	$4.1M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	−0.093%	$279K	$276K	50x	as long as short