Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.046%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.046%, 7d avg −0.018%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.064% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1550	0.0100	pay 0.0050% / 4h	33m 01s	$4.3M	$11.1M	50x
Short	OKX TRUMP-USDT-SWAP	2.1560	0.0100	get 0.0050% / 4h	33m 01s	$27.2M	$173.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.018%: $6.42
Slippage, 4 orders: −$26.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.69
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	4.66 bp	14.9 bp −$15	97.9 bp −$979	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.33 bp	7.3 bp −$7	10.2 bp −$102	43.2 bp −$4,320	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	−0.1690%	1h	2.1310	−1.114%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1532	−0.086%	$5	—	10x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1531	−0.088%	$953K	$934K	10x	as long as short
SoDEX TRUMP-USD	−0.0166%	1h	2.1545	−0.023%	$95	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1540	−0.046%	$7.6M	$50.8M	75x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1381	−0.783%	$654K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1486	−0.296%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1554	+0.019%	$406K	$72K	10x	as long as short
edgeX TRUMPUSDC	+0.0008%	4h	2.1426	−0.577%	$105K	$264K	20x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1545	−0.023%	$41K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRUMPUSDT	+0.0013%	4h	2.1560	+0.046%	$60.5M	$241.4M	75x	as long as short
Extended TRUMP-USD	+0.0016%	1h	2.1545	−0.025%	$75K	$745K	25x	as long as short
Paradex TRUMP-USD-PERP	+0.0017%	8h	2.1504	−0.215%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0029%	4h	2.1560	+0.046%	$30.6M	$49.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0046%	4h	2.1530	−0.093%	$4K	$210K	10x	as long as short
BloFin TRUMP-USDT	+0.0051%	4h	2.1530	−0.093%	$4.2M	$681K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1535	−0.070%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1577	+0.125%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1549	−0.006%	$422K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1488	−0.289%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1560	+0.046%	$27.2M	$173.5M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1530	−0.093%	$405K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1550	long leg	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	+0.093%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1578	+0.130%	$253K	$315K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1436	−0.529%	$180K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.093%	$499K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1540	−0.046%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1574	+0.109%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1500	−0.232%	$279K	$280K	50x	as long as short