Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.013%

Price spread now: Extended against KuCoin−0.094%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

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

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.094%, 7d avg −0.059%

Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Extended is 0.035% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.059%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1470	0.0004	pay 0.0002% / 4h	4m 02s	$4.1M	$10.8M	50x
Short	Extended TRUMP-USD	2.1450	−0.0200	pay 0.0025% / 1h	4m 02s	$74K	$492K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$42.84
Price spread: −0.094% → −0.059%: −$3.55
Slippage, 4 orders: −$36.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$99.73
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 34 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, 4 min ago	2.32 bp	13.9 bp −$14	90.2 bp −$902	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	7.01 bp	10.1 bp −$10	33.1 bp −$331	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	−0.1797%	1h	2.1380	−0.419%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0402%	1h	2.1465	−0.023%	$404K	$65K	10x	as long as short
SoDEX TRUMP-USD	−0.0394%	1h	2.1455	−0.070%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	+0.056%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1452	−0.083%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0216%	4h	2.1450	−0.093%	$30.4M	$52.2M	50x	as long as short
Extended TRUMP-USDshort	−0.0200%	1h	2.1450	−0.094%	$74K	$492K	25x
OKX TRUMP-USDT-SWAP	−0.0200%	4h	2.1450	−0.093%	$26.8M	$183.6M	50x	as long as short
Binance TRUMPUSDT	−0.0198%	4h	2.1460	−0.047%	$60.7M	$249.3M	75x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1452	−0.084%	$938K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0120%	8h	2.1479	+0.040%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1460	−0.047%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1498	+0.131%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0076%	4h	2.1460	−0.047%	$5K	$283K	10x	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1508	+0.176%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTMlong	+0.0004%	4h	2.1470	long leg	$4.1M	$10.8M	50x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.024%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	−0.139%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1490	+0.093%	$4.2M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1500	+0.140%	$168K	$482K	50x	as long as short
Bitget TRUMPUSDT	+0.0068%	4h	2.1490	+0.093%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1480	+0.047%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1485	+0.071%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1484	+0.065%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.093%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	+0.148%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	0.000%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	+0.001%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0295%	1h	2.1491	+0.098%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1490	+0.093%	$1.3M	$2.3M	50x	as long as short