data as of
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Price arb /

TRUMP

all TRUMP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.060%7d average−0.070%fees + slippage, in and out−$48spread needed0.483%
Long on Kraken FuturesShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TRUMPUSD2.1541−0.0261get 0.0033% / 1h9m 33s$1.0M$2.1M50x
ShortLighter TRUMP2.15280.0096get 0.0012% / 1h9m 33s$964K$583K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$6.01
Funding while held
$10.71
Slippage, 4 orders
−$38.34
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$43.63
Spread needed to break even
0.483%
Slippage from Kraken Futures: live order book, 1 min ago; Lighter: live order book, 32 min ago.

Cost of waiting

funding view
Funding /8h
+0.0357%
Per $10,000 a day
+$10.71
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 1 min ago2.32 bp19.1 bp −$1926.0 bp −$260doesn't fitdoesn't fit
Sell Lighter live order book, 32 min ago2.30 bp7.1 bp −$713.8 bp −$138doesn't fitdoesn't fit

TRUMP price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.1430cheapestedgeX2.1480+0.232%Aevo2.1520+0.419%BloFin2.1520+0.420%SoDEX2.1525+0.443%
Lighter2.1528+0.457%
Orderly2.1530+0.467%Deribit2.1536+0.495%Bybit2.1540+0.513%OKX2.1540+0.513%Gate2.1540+0.513%MEXC2.1540+0.513%KuCoin2.1540+0.513%Binance2.1540+0.515%
Kraken Futures2.1541+0.518%
dYdX2.1542+0.523%GMX2.1542+0.523%gTrade (Gains Network)2.1543+0.528%Aster2.1545+0.535%Paradex2.1547+0.545%Extended2.1547+0.545%Pacifica2.1547+0.546%Variational Omni2.1547+0.546%Reya2.1547+0.547%Bitget2.1550+0.560%SunX2.1550+0.560%Coinbase International2.1550+0.560%HTX2.1550+0.560%Backpack2.1560+0.607%Hyperliquid2.1575+0.677%

TRUMP on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.515%−0.1508%1h$12K$151K12xas long as short
edgeX TRUMPUSDC−0.284%+0.0050%4h$117K$241K20xas long as short
Aevo TRUMP-PERP−0.098%+0.0104%1h$19K—3xas long as short
BloFin TRUMP-USDT−0.097%+0.0340%4h$4.2M$459K75xas long as short
SoDEX TRUMP-USD−0.074%+0.0100%1h$83$6K5xas long as short
Lighter TRUMPshort−0.060%+0.0096%1h$964K$583K10x
Orderly PERP_TRUMP_USDC−0.051%+0.0092%4h$3K$249K10xas long as short
Deribit TRUMP_USDC-PERPETUAL−0.023%0.0000%1h$404K$77K10xas long as short
Bybit TRUMPUSDT−0.004%+0.0100%4h$29.9M$40.8M50xas long as short
OKX TRUMP-USDT-SWAP−0.004%+0.0100%4h$26.4M$146.2M50xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate TRUMP_USDT−0.004%+0.0100%4h$7.4M$44.4M75xas long as short
MEXC TRUMP_USDC−0.004%+0.0100%4h$491K$136K125xas long as short
KuCoin TRUMPUSDTM−0.004%+0.0100%4h$4.3M$9.0M50xas long as short
Binance TRUMPUSDT−0.003%+0.0100%4h$61.5M$207.6M75xas long as short
Kraken Futures PF_TRUMPUSDlong0.000%−0.0261%1h$1.0M$2.1M50x
dYdX TRUMP-USD+0.006%0.0000%1h$27K$4815xas long as short
GMX TRUMP/USD [ETH-USDC]+0.006%L +0.0229% / S −0.0264%1h$12K—100xas long as short
gTrade (Gains Network) TRUMP/USD+0.010%L +0.0008% / S −0.0007%1h$55K—150xas long as short
Aster TRUMPUSDT+0.017%+0.0100%4h$427K$877K20xas long as short
Paradex TRUMP-USD-PERP+0.027%+0.0083%8h$5K—5xas long as short
Extended TRUMP-USD+0.028%+0.0104%1h$74K$481K25xas long as short
Pacifica TRUMP+0.028%+0.0100%1h$186K$71K10xas long as short
Variational Omni TRUMP+0.028%+0.0100%4h$669K$241K—as long as short
Reya TRUMPRUSDPERP+0.029%−0.0245%1h$5—10xas long as short
Bitget TRUMPUSDT+0.042%+0.0100%4h$15.1M$20.0M75xas long as short
SunX TRUMP-USDT+0.042%+0.0100%4h$2K$1.5M50xas long as short
Coinbase International TRUMP-PERP-INTX+0.042%+0.0376%1h$285K$392K50xas long as short
HTX TRUMP-USDT+0.042%+0.0100%4h$480K$1.6M50xas long as short
Backpack TRUMP_USDC_PERP+0.088%+0.0260%1h$258K$268K10xas long as short
Hyperliquid TRUMP+0.158%+0.0191%1h$13.8M$7.3M10xas long as short