Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h +0.032%

Price spread now: MEXC against Deribit−0.047%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.047%, 7d avg −0.078%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and MEXC is 0.032% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1410	−0.0077	get 0.0010% / 1h	37m 59s	$403K	$81K	10x
Short	MEXC TRUMP_USDC	2.1400	0.0100	get 0.0050% / 4h	1h 37m	$398K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: $37.14
Price spread: −0.047% → −0.078%: $3.15
Slippage, 4 orders: −$22.93
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.36
Costs to cover: 0.299%
Break-even: 5.0 days

Slippage from Deribit: live order book, 6 min ago; MEXC: live order book, 61 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 Deribit live order book, 6 min ago	8.18 bp	13.5 bp −$14	24.6 bp −$246	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	2.36 bp	2.4 bp −$2	14.9 bp −$149	132.3 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	−0.1927%	1h	2.1280	−0.607%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1392	−0.086%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0219%	4h	2.1410	0.000%	$60.4M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1400	−0.048%	$74K	$737K	25x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	−0.041%	$661K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0112%	4h	2.1405	−0.021%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1432	+0.104%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0096%	4h	2.1400	−0.047%	$7.7M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0094%	4h	2.1410	0.000%	$26.5M	$184.7M	50x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0077%	1h	2.1410	long leg	$403K	$81K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0073%	4h	2.1400	−0.047%	$30.4M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0073%	8h	2.1388	−0.101%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0072%	1h	2.1405	−0.023%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1390	−0.093%	$5K	$242K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1408	−0.009%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1406	−0.019%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0020%	4h	2.1390	−0.093%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1393	−0.078%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1394	−0.075%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1411	+0.005%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1402	−0.036%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1398	−0.056%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1400	−0.047%	$398K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1410	0.000%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	−0.047%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	−0.047%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	−0.047%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1418	+0.038%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	−0.093%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0319%	1h	2.1437	+0.126%	$379K	$415K	10x	as long as short