Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against KuCoin−0.047%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.047%, 7d avg −0.067%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1390	0.0100	pay 0.0050% / 4h	1h 38m	$4.1M	$11.1M	50x
Short	MEXC TRUMP_USDC	2.1380	0.0100	get 0.0050% / 4h	1h 38m	$397K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.067%: $1.98
Slippage, 4 orders: −$25.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.72
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 61 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, 10 min ago	2.34 bp	18.9 bp −$19	87.3 bp −$873	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	2.36 bp	2.4 bp −$2	14.9 bp −$149	132.3 bp −$13.2K	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	−0.1927%	1h	2.1280	−0.514%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1392	+0.008%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0219%	4h	2.1404	+0.065%	$60.4M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1400	+0.045%	$74K	$737K	25x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	+0.053%	$661K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0112%	4h	2.1405	+0.072%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1432	+0.197%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0096%	4h	2.1390	0.000%	$7.7M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0094%	4h	2.1400	+0.047%	$26.5M	$184.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0077%	1h	2.1410	+0.094%	$403K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0073%	4h	2.1400	+0.047%	$30.4M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0073%	8h	2.1388	−0.008%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0072%	1h	2.1405	+0.070%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1390	0.000%	$5K	$242K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1408	+0.084%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1406	+0.075%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0020%	4h	2.1390	0.000%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1393	+0.015%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1394	+0.019%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1397	+0.033%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1409	+0.087%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1398	+0.038%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1380	−0.047%	$397K	$149K	125x
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1390	long leg	$4.1M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.047%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	+0.047%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.094%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	+0.047%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1418	+0.131%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	0.000%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0319%	1h	2.1430	+0.187%	$379K	$415K	10x	as long as short