Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h +0.014%

Price spread now: MEXC against Extended+0.111%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.589%−$59 · spread now +0.111%, 7d avg −0.007%

Together, before fees−0.631%+ Points / potential airdropExtended: Active · farm board−$63 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 0.118% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.007%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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	2.1516	−0.0248	get 0.0031% / 1h	55m 26s	$76K	$492K	25x
Short	MEXC TRUMP_USDC	2.1540	0.0042	get 0.0021% / 4h	2h 55m	$400K	$147K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.111%Rate

Funding earned: $60.9
Price spread: +0.111% → −0.007%: $11.8
Slippage, 4 orders: −$27.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $40.16
Costs to cover: 0.325%
Break-even: 2.4 days

Slippage from Extended: live order book, 37 min ago; MEXC: live order book, 24 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, 37 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell MEXC live order book, 24 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	+0.389%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0357%	1h	2.1515	−0.006%	$67	$6K	5x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	+0.672%	$672K	$419K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0307%	1h	2.1540	+0.111%	$387K	$73K	10x	as long as short
Bybit TRUMPUSDT	−0.0297%	4h	2.1540	+0.111%	$31.1M	$50.5M	50x	as long as short
Lighter TRUMP	−0.0296%	1h	2.1585	+0.320%	$938K	$968K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0258%	4h	2.1520	+0.018%	$27.2M	$179.8M	50x	as long as short
Extended TRUMP-USDlong	−0.0248%	1h	2.1516	long leg	$76K	$492K	25x
Binance TRUMPUSDT	−0.0246%	4h	2.1530	+0.064%	$63.1M	$244.3M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	+0.066%	$5	—	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1540	+0.111%	$140K	$511K	50x	as long as short
Gate TRUMP_USDT	−0.0174%	4h	2.1530	+0.064%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0147%	8h	2.1550	+0.156%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	+0.679%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1520	+0.018%	$5K	$323K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0058%	4h	2.1520	+0.018%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1613	+0.451%	$26K	$2K	5x	as long as short
Bitget TRUMPUSDT	−0.0008%	4h	2.1520	+0.018%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0007%	4h	2.1740	+1.040%	$4.3M	$693K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+1.151%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1556	+0.186%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1520	+0.018%	$19K	—	3x	as long as short
MEXC TRUMP_USDCshort	+0.0042%	4h	2.1540	+0.111%	$400K	$147K	125x
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	+0.805%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1554	+0.176%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1560	+0.204%	$410K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1585	+0.320%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.157%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1680	+0.761%	$502K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1670	+0.715%	$3K	$38K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1545	+0.136%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0240%	1h	2.1685	+0.785%	$386K	$410K	10x	as long as short