TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.97 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Binance0.000%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days+0.008%+$1 · spread now 0.000%, 7d avg +0.002%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1430	−0.0172	get 0.0086% / 4h	33m 21s	$60.6M	$251.0M	75x
Short	KuCoin TRUMPUSDTM	2.1430	0.0022	get 0.0011% / 4h	33m 21s	$4.1M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $40.74
Price spread: 0.000% → +0.002%: −$0.18
Slippage, 4 orders: −$31.82
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.26
Costs to cover: 0.538%
Break-even: 9.3 days

Slippage from Binance: live order book, 10 min ago; KuCoin: live order book, 5 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 Binance live order book, 10 min ago	2.32 bp	7.3 bp −$7	9.8 bp −$98	34.0 bp −$3,401	263.5 bp −$131.8K
Sell KuCoin live order book, 5 min ago	2.33 bp	15.7 bp −$16	66.3 bp −$663	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	−0.1797%	1h	2.1300	−0.607%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0309%	1h	2.1420	−0.047%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1421	−0.042%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1430	0.000%	$937K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.183%	$660K	$423K	—	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1419	−0.051%	$76K	$492K	25x	as long as short
Binance TRUMPUSDTlong	−0.0172%	4h	2.1430	long leg	$60.6M	$251.0M	75x
OKX TRUMP-USDT-SWAP	−0.0168%	4h	2.1420	−0.047%	$26.6M	$184.2M	50x	as long as short
Bybit TRUMPUSDT	−0.0133%	4h	2.1430	0.000%	$30.5M	$52.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1436	+0.028%	$404K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0122%	4h	2.1420	−0.047%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0087%	8h	2.1424	−0.028%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	−0.115%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0056%	4h	2.1430	0.000%	$5K	$273K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1444	+0.065%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1442	+0.058%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTMshort	+0.0022%	4h	2.1430	0.000%	$4.1M	$10.9M	50x
Aevo TRUMP-PERP	+0.0040%	1h	2.1376	−0.251%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.233%	$169K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0069%	4h	2.1390	−0.187%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1448	+0.084%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1439	+0.041%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1448	+0.084%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	−0.047%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	0.000%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	−0.053%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.093%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1439	+0.044%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0269%	1h	2.1447	+0.079%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1454	+0.110%	$1.3M	$2.3M	50x	as long as short