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 −0.003%

Price spread now: MEXC against Bybit−0.046%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now −0.046%, 7d avg −0.050%

Together, before fees−0.438%−$44 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1540	0.0100	pay 0.0050% / 4h	9m 16s	$30.5M	$49.6M	50x
Short	MEXC TRUMP_USDC	2.1530	0.0100	get 0.0050% / 4h	9m 16s	$405K	$151K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.050%: $0.39
Slippage, 4 orders: −$23.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.78
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 40 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, 5 min ago	2.32 bp	11.3 bp −$11	17.7 bp −$177	117.9 bp −$11.8K	doesn't fit
Sell MEXC live order book, 40 min ago	2.34 bp	6.3 bp −$6	29.8 bp −$298	132.4 bp −$13.2K	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	2.1420	−0.557%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1531	−0.040%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0097%	1h	2.1528	−0.056%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1540	0.000%	$7.6M	$51.1M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1529	−0.051%	$74K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0020%	4h	2.1535	−0.024%	$60.5M	$242.2M	75x	as long as short
Variational Omni TRUMP	−0.0011%	4h	2.1571	+0.144%	$666K	$488K	—	as long as short
Lighter TRUMP	−0.0008%	1h	2.1522	−0.084%	$952K	$957K	10x	as long as short
edgeX TRUMPUSDC	−0.0008%	4h	2.1571	+0.144%	$105K	$263K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1536	−0.018%	$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
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1539	−0.005%	$405K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1544	+0.020%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1525	−0.070%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1530	−0.046%	$4K	$200K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1520	−0.093%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1551	+0.051%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1547	+0.035%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1542	+0.009%	$185K	$52K	10x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1540	long leg	$30.5M	$49.6M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1530	−0.046%	$27.3M	$173.4M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1530	−0.046%	$405K	$151K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	+0.046%	$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	2.1556	+0.074%	$343K	$365K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	0.000%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1560	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1550	+0.046%	$503K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1546	+0.028%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1559	+0.087%	$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