Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h +0.011%

Price spread now: KuCoin against Kraken Futures−0.058%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.058%, 7d avg −0.056%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1883	0.0287	pay 0.0036% / 1h	23m 03s	$1.3M	$2.2M	50x
Short	KuCoin TRUMPUSDTM	2.1870	0.0100	get 0.0050% / 4h	1h 23m	$4.2M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$39.21
Price spread: −0.058% → −0.056%: −$0.18
Slippage, 4 orders: −$51.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.28
Costs to cover: 0.739%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 5 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 Kraken Futures live order book, 1 min ago	2.29 bp	14.3 bp −$14	26.3 bp −$263	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.60 bp	21.5 bp −$21	70.8 bp −$708	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	−0.1659%	1h	2.1700	−0.835%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1851	−0.144%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0044%	4h	2.1860	−0.104%	$7.7M	$50.1M	75x	as long as short
Lighter TRUMP	−0.0016%	1h	2.1847	−0.163%	$973K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1826	−0.261%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1869	−0.063%	$412K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1864	−0.084%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0016%	1h	2.1860	−0.104%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1832	−0.231%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1860	−0.104%	$31.2M	$48.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1748	−0.617%	$106K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1850	−0.149%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1880	−0.012%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1869	−0.064%	$432K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1829	−0.247%	$188K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1860	−0.104%	$63.2M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	−0.104%	$27.6M	$171.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	−0.058%	$419K	$150K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1870	−0.058%	$4.2M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1880	−0.012%	$15.6M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.741%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.707%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	−0.104%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	−0.012%	$535K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1859	−0.107%	$116K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1866	−0.075%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0122%	1h	2.1886	+0.015%	$256K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1868	−0.068%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0287%	1h	2.1883	long leg	$1.3M	$2.2M	50x
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.149%	$4.3M	$660K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−1.063%	$280K	$297K	50x	as long as short