Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.138%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.138%, 7d avg +0.013%

Together, before fees−0.106%−$11 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: KuCoin is 0.125% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1710	0.0100	pay 0.0050% / 4h	1h 49m	$31.1M	$48.2M	50x
Short	KuCoin TRUMPUSDTM	2.1740	0.0100	get 0.0050% / 4h	1h 49m	$4.2M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.013%: $12.48
Slippage, 4 orders: −$35.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.33
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 4 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 Bybit live order book, 4 min ago	2.29 bp	8.2 bp −$8	17.4 bp −$174	121.5 bp −$12.2K	doesn't fit
Sell KuCoin live order book, 4 min ago	2.29 bp	18.2 bp −$18	85.0 bp −$850	doesn't fit	doesn't fit

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	−0.1659%	1h	2.1770	+0.276%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1718	+0.037%	$967K	$792K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1686	−0.112%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0111%	1h	2.1655	−0.253%	$84	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1710	0.000%	$7.6M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1736	+0.119%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1690	−0.092%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.026%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.450%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0052%	8h	2.1712	+0.011%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0082%	4h	2.1690	−0.092%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1747	+0.170%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1737	+0.123%	$430K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1725	+0.071%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1710	0.000%	$63.0M	$235.6M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1710	long leg	$31.1M	$48.2M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1700	−0.046%	$27.9M	$168.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1710	0.000%	$426K	$142K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1740	+0.138%	$4.2M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1710	0.000%	$15.5M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1718	+0.037%	$255K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.556%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1850	+0.645%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.046%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.092%	$530K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1694	−0.073%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1675	−0.161%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1707	−0.015%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1680	−0.137%	$1.2M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	0.000%	$281K	$300K	50x	as long as short