Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.004%

Price spread now: Paradex against KuCoin−0.207%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.207% cheaper against KuCoin than usual: you would sell low and buy high (−$21 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	2.1940	0.0100	pay 0.0050% / 4h	2h 13m	$4.2M	$11.1M	50x
Short	Paradex TRUMP-USD-PERP	2.1895	0.0070	get 0.0070% / 8h	6h 13m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$6.3
Price spread: −0.207% → 0.000%: −$20.72
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$43.02
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Paradex: 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, 5 min ago	2.27 bp	19.1 bp −$19	101.4 bp −$1,014	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 30 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	−0.1623%	1h	2.1890	−0.228%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1891	−0.222%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0092%	4h	2.1900	−0.182%	$7.7M	$49.6M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1910	−0.137%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1946	+0.027%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1945	+0.025%	$43K	—	150x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1898	−0.191%	$974K	$792K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1892	−0.219%	$106K	$264K	20x	as long as short
SoDEX TRUMP-USD	+0.0070%	1h	2.1945	+0.023%	$78	$6K	5x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0070%	8h	2.1895	−0.207%	$5K	$175	5x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1930	−0.046%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1925	−0.068%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1917	−0.106%	$433K	$859K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1913	−0.124%	$189K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1890	−0.228%	$63.6M	$236.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1880	−0.273%	$31.4M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	−0.228%	$28.5M	$170.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	−0.228%	$435K	$147K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1940	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	−0.182%	$15.6M	$24.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1871	−0.315%	$689K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1908	−0.145%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1960	+0.091%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1980	+0.182%	$557K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1895	−0.207%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1940	0.000%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1942	+0.007%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0267%	1h	2.1957	+0.077%	$257K	$322K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1969	+0.134%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.1880	−0.273%	$284K	$303K	50x	as long as short