Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.001%

Price spread now: KuCoin against Aevo+0.138%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.138% dearer against Aevo than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1780	0.0072	pay 0.0009% / 1h	39m 33s	$19K	—	3x
Short	KuCoin TRUMPUSDTM	2.1810	0.0100	get 0.0050% / 4h	3h 39m	$4.2M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $5.88
Price spread: +0.138% → 0.000%: $13.77
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.35
Costs to cover: 0.280%
Break-even: 16.9 days

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 4 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	2.29 bp	20.7 bp −$21	79.6 bp −$796	doesn't fit	doesn't fit

Aevo: 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 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	−0.1765%	1h	2.1650	−0.597%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0324%	4h	2.1810	+0.138%	$30.9M	$50.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1801	+0.099%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0200%	1h	2.1797	+0.078%	$95	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0117%	1h	2.1807	+0.124%	$410K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0059%	4h	2.1811	+0.142%	$61.7M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1809	+0.132%	$75K	$721K	25x	as long as short
Gate TRUMP_USDT	−0.0034%	4h	2.1810	+0.138%	$7.8M	$51.3M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	+0.051%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.042%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1826	+0.212%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1820	+0.186%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0033%	4h	2.1800	+0.092%	$4K	$171K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0035%	8h	2.1803	+0.105%	$5K	$175	5x	as long as short
Aevo TRUMP-PERPlong	+0.0072%	1h	2.1780	long leg	$19K	—	3x
Lighter TRUMP	+0.0096%	1h	2.1801	+0.096%	$965K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1823	+0.197%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1816	+0.168%	$428K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1804	+0.112%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1800	+0.092%	$27.9M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	+0.092%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1810	+0.138%	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.184%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	+0.141%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1820	+0.184%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.230%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1816	+0.166%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1828	+0.220%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0190%	4h	2.1810	+0.138%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0366%	1h	2.1834	+0.248%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1850	+0.321%	$282K	$279K	50x	as long as short