Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.001%

Price spread now: KuCoin against Extended+0.083%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.083%, 7d avg +0.059%

Together, before fees−0.058%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Extended than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.059%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment. 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	Extended TRUMP-USD	2.1592	−0.0152	get 0.0019% / 1h	5m 36s	$77K	$718K	25x
Short	KuCoin TRUMPUSDTM	2.1610	0.0100	get 0.0050% / 4h	3h 05m	$4.3M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.083%Rate

Funding earned: $52.92
Price spread: +0.083% → +0.059%: $2.45
Slippage, 4 orders: −$42.48
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.1
Costs to cover: 0.595%
Break-even: 7.5 days

Slippage from Extended: live order book, 47 min ago; KuCoin: live order book, 8 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 Extended live order book, 47 min ago	6.89 bp	9.8 bp −$10	32.1 bp −$321	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.31 bp	14.9 bp −$15	84.7 bp −$847	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	−0.1765%	1h	2.1520	−0.333%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0374%	1h	2.1615	+0.107%	$84	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1611	+0.089%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0244%	8h	2.1617	+0.118%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0171%	4h	2.1610	+0.083%	$30.8M	$50.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1630	+0.176%	$407K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0155%	4h	2.1605	+0.061%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USDlong	−0.0152%	1h	2.1592	long leg	$77K	$718K	25x
Gate TRUMP_USDT	−0.0102%	4h	2.1610	+0.083%	$7.9M	$52.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.017%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0064%	1h	2.1606	+0.065%	$955K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.135%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.158%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0002%	4h	2.1610	+0.083%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1635	+0.199%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1561	−0.145%	$181K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1598	+0.030%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0066%	4h	2.1600	+0.037%	$27.7M	$179.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0088%	4h	2.1600	+0.037%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1639	+0.218%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1621	+0.136%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1633	+0.188%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1620	+0.130%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1610	+0.083%	$4.3M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1610	+0.083%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1630	+0.176%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	+0.315%	$493K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1630	+0.174%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1648	+0.261%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0197%	1h	2.1655	+0.292%	$384K	$402K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1640	+0.222%	$283K	$277K	50x	as long as short