Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h −0.082%

Price spread now: MEXC against Coinbase International−0.046%51s7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.364% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.046%, 7d avg −0.123%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.077% dearer against Coinbase International than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.123%. Mind the row above: over the last 7 days funding on this pair cost −0.334%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1680	−0.0240	get 0.0030% / 1h	56m 23s	$142K	$513K	50x
Short	MEXC TRUMP_USDC	2.1670	0.0044	get 0.0022% / 4h	2h 56m	$402K	$147K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: $59.64
Price spread: −0.046% → −0.123%: $7.68
Slippage, 4 orders: −$26.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $30.89
Costs to cover: 0.364%
Break-even: 3.4 days

Slippage from Coinbase International: live order book, 37 min ago; MEXC: live order book, 23 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 Coinbase International live order book, 37 min ago	7.01 bp	12.0 bp −$12	20.2 bp −$202	doesn't fit	doesn't fit
Sell MEXC live order book, 23 min ago	2.31 bp	4.0 bp −$4	16.4 bp −$164	127.4 bp −$12.7K	doesn't fit

TRUMP on 32 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	−0.1841%	1h	2.1600	−0.369%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.235%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0308%	1h	2.1695	+0.069%	$69	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0304%	4h	2.1680	0.000%	$31.3M	$50.5M	50x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1675	−0.023%	$942K	$967K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0252%	4h	2.1660	−0.092%	$27.4M	$180.7M	50x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1669	−0.051%	$77K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0247%	4h	2.1672	−0.037%	$63.5M	$244.7M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1671	−0.042%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTXlong	−0.0240%	1h	2.1680	long leg	$142K	$513K	50x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0142%	8h	2.1691	+0.051%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0134%	4h	2.1670	−0.046%	$7.8M	$47.6M	75x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1706	+0.121%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0078%	4h	2.1680	0.000%	$5K	$322K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0058%	4h	2.1680	0.000%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0030%	1h	2.1698	+0.081%	$26K	$2K	5x	as long as short
BloFin TRUMP-USDT	−0.0007%	4h	2.1740	+0.277%	$4.3M	$693K	75x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1700	+0.092%	$15.4M	$26.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1703	+0.106%	$390K	$73K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.387%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1740	+0.277%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1675	−0.025%	$19K	—	3x	as long as short
MEXC TRUMP_USDCshort	+0.0044%	4h	2.1670	−0.046%	$402K	$147K	125x
Hyperliquid TRUMP	+0.0100%	1h	2.1699	+0.088%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1700	+0.095%	$412K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1701	+0.097%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.247%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	+0.138%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.046%	$500K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1710	+0.138%	$4K	$35K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1687	+0.031%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0182%	1h	2.1747	+0.309%	$387K	$411K	10x	as long as short