Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.017%

Price spread now: Lighter against MEXC+0.102%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.102%, 7d avg +0.050%

Together, before fees+0.322%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.052% dearer against MEXC than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of +0.050%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1540	0.0100	pay 0.0050% / 4h	11m 02s	$405K	$151K	125x
Short	Lighter TRUMP	2.1562	0	get 0.0000% / 1h	11m 02s	$954K	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.102%Rate

Funding earned: −$21
Price spread: +0.102% → +0.050%: $5.25
Slippage, 4 orders: −$30.47
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.22
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from MEXC: live order book, 38 min ago; Lighter: live order book, 44 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, 38 min ago	2.34 bp	8.7 bp −$9	32.4 bp −$324	133.3 bp −$13.3K	doesn't fit
Sell Lighter live order book, 44 min ago	1.39 bp	7.0 bp −$7	33.9 bp −$339	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	−0.1690%	1h	2.1450	−0.418%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	+0.146%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0121%	1h	2.1563	+0.107%	$406K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0105%	1h	2.1558	+0.084%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0040%	4h	2.1560	+0.093%	$7.6M	$51.1M	75x	as long as short
Binance TRUMPUSDT	−0.0018%	4h	2.1526	−0.067%	$60.4M	$242.0M	75x	as long as short
Extended TRUMP-USD	−0.0016%	1h	2.1519	−0.098%	$74K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0011%	4h	2.1571	+0.144%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0005%	4h	2.1545	+0.025%	$105K	$265K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1586	+0.214%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMPshort	0.0000%	1h	2.1562	+0.102%	$954K	$957K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1584	+0.205%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0038%	8h	2.1570	+0.141%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1560	+0.093%	$4K	$202K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1550	+0.046%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1586	+0.214%	$14.0M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1557	+0.078%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1588	+0.223%	$186K	$53K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1540	0.000%	$30.5M	$49.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1540	0.000%	$27.3M	$173.5M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1540	long leg	$405K	$151K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1560	+0.093%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1540	0.000%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1596	+0.260%	$341K	$361K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1529	−0.051%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.186%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1589	+0.227%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1587	+0.218%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0222%	4h	2.1550	+0.046%	$4.1M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	+0.186%	$279K	$276K	50x	as long as short