Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: Deribit against MEXC+0.051%7-day average +0.074% · 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−$41as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.051%, 7d avg +0.074%

Together, before fees−0.005%−$1 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: Deribit is 0.024% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1620	−0.0120	get 0.0060% / 4h	2h 04m	$394K	$152K	125x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1631	−0.0120	pay 0.0015% / 1h	4m 33s	$388K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0.06
Price spread: +0.051% → +0.074%: −$2.35
Slippage, 4 orders: −$31.43
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.71
Costs to cover: 0.384%
Break-even: 4530.6 days

Slippage from MEXC: live order book, 41 min ago; Deribit: live order book, 47 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 MEXC live order book, 41 min ago	2.33 bp	6.4 bp −$6	18.0 bp −$180	120.3 bp −$12.0K	doesn't fit
Sell Deribit live order book, 47 min ago	5.58 bp	10.5 bp −$10	19.3 bp −$193	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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	−0.1841%	1h	2.1600	−0.093%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0357%	4h	2.1610	−0.047%	$670K	$402K	—	as long as short
Bybit TRUMPUSDT	−0.0319%	4h	2.1620	0.000%	$31.5M	$48.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0314%	4h	2.1620	0.000%	$27.4M	$175.4M	50x	as long as short
Extended TRUMP-USD	−0.0304%	1h	2.1598	−0.101%	$75K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0301%	4h	2.1615	−0.022%	$63.5M	$239.4M	75x	as long as short
SoDEX TRUMP-USD	−0.0279%	1h	2.1615	−0.023%	$69	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1610	−0.047%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.463%	$132K	$517K	50x	as long as short
Gate TRUMP_USDT	−0.0218%	4h	2.1640	+0.093%	$7.8M	$48.6M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0208%	1h	2.1628	+0.037%	$933K	$982K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0184%	8h	2.1615	−0.025%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0150%	4h	2.1572	−0.224%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0124%	4h	2.1640	+0.093%	$4.3M	$10.2M	50x	as long as short
MEXC TRUMP_USDClong	−0.0120%	4h	2.1620	long leg	$394K	$152K	125x
Deribit TRUMP_USDC-PERPETUALshort	−0.0120%	1h	2.1631	+0.051%	$388K	$80K	10x
Orderly PERP_TRUMP_USDC	−0.0078%	4h	2.1630	+0.046%	$5K	$309K	10x	as long as short
BloFin TRUMP-USDT	−0.0061%	4h	2.1630	+0.046%	$4.3M	$677K	75x	as long as short
Bitget TRUMPUSDT	−0.0012%	4h	2.1630	+0.046%	$15.5M	$25.4M	75x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1644	+0.111%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1610	−0.046%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1634	+0.063%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1644	+0.112%	$1.3M	$2.0M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0048%	4h	2.1624	+0.018%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1659	+0.180%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1627	+0.032%	$408K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1633	+0.059%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1680	+0.278%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1650	+0.139%	$498K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1610	−0.046%	$118K	$295K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0191% / S −0.0186%	1h	2.1629	+0.043%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0270%	1h	2.1657	+0.171%	$383K	$400K	10x	as long as short