TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.81 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.094%7-day average −0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.094%, 7d avg −0.013%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.107% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.013%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.002% in total) that is about 14 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1390	0.0022	pay 0.0011% / 4h	32m 09s	$4.1M	$10.9M	50x
Short	Bybit TRUMPUSDT	2.1410	−0.0139	pay 0.0070% / 4h	32m 09s	$30.4M	$52.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$33.82
Price spread: +0.094% → −0.013%: $10.68
Slippage, 4 orders: −$30.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$76.48
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 2 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 KuCoin live order book, 6 min ago	2.33 bp	18.9 bp −$19	108.5 bp −$1,085	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.33 bp	7.8 bp −$8	14.5 bp −$145	85.2 bp −$8,525	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	−0.1797%	1h	2.1300	−0.421%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0340%	1h	2.1379	−0.051%	$78	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1388	−0.009%	$403K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1371	−0.089%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1376	−0.065%	$935K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	+0.004%	$660K	$423K	—	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1369	−0.097%	$76K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0174%	4h	2.1420	+0.140%	$60.6M	$251.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0167%	4h	2.1410	+0.094%	$26.6M	$184.1M	50x	as long as short
Bybit TRUMPUSDTshort	−0.0139%	4h	2.1410	+0.094%	$30.4M	$52.6M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0118%	4h	2.1390	0.000%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0088%	8h	2.1379	−0.052%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	+0.072%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0057%	4h	2.1370	−0.094%	$5K	$272K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1426	+0.167%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1442	+0.245%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTMlong	+0.0022%	4h	2.1390	long leg	$4.1M	$10.9M	50x
Aevo TRUMP-PERP	+0.0040%	1h	2.1315	−0.351%	$18K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.047%	$169K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0068%	4h	2.1430	+0.187%	$4.2M	$702K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1413	+0.108%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	+0.140%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1402	+0.056%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	−0.047%	$397K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.047%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	+0.134%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.047%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	+0.047%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1402	+0.056%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0274%	1h	2.1435	+0.210%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1410	+0.095%	$1.3M	$2.3M	50x	as long as short