Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against KuCoin−0.030%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

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

costs, in and out, $10k−$540.540% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.012%−$1 · spread now −0.030%, 7d avg −0.002%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1940	0.0100	pay 0.0050% / 4h	2h 56m	$4.1M	$10.9M	50x
Short	Binance TRUMPUSDT	2.1933	0.0100	get 0.0050% / 4h	2h 56m	$63.2M	$232.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.002%: −$2.79
Slippage, 4 orders: −$32.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.83
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 2 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 KuCoin live order book, 7 min ago	2.26 bp	20.8 bp −$21	112.9 bp −$1,129	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.27 bp	7.3 bp −$7	13.9 bp −$139	37.9 bp −$3,786	205.6 bp −$102.8K

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	−0.1623%	1h	2.1960	+0.091%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1952	+0.053%	$5	—	10x	as long as short
Lighter TRUMP	−0.0008%	1h	2.1933	−0.032%	$974K	$779K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1966	+0.120%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1960	+0.091%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1955	+0.066%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2070	+0.591%	$107K	$262K	20x	as long as short
SoDEX TRUMP-USD	+0.0080%	1h	2.1955	+0.068%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0080%	8h	2.1937	−0.012%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0091%	4h	2.1940	0.000%	$3K	$247K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1988	+0.219%	$14.4M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1972	+0.146%	$435K	$863K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1952	+0.053%	$190K	$55K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1933	−0.030%	$63.2M	$232.1M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1930	−0.046%	$31.1M	$47.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1940	0.000%	$28.4M	$164.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1950	+0.046%	$7.8M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1960	+0.091%	$460K	$132K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1940	long leg	$4.1M	$10.9M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1960	+0.091%	$15.7M	$23.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1942	+0.007%	$693K	$446K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2070	+0.593%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1970	+0.137%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2000	+0.273%	$571K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1950	+0.045%	$78K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1945	+0.023%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0206%	1h	2.2006	+0.301%	$257K	$313K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.1959	+0.089%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2040	+0.456%	$4.3M	$675K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1964	+0.107%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.1950	+0.046%	$283K	$304K	50x	as long as short