Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin0.000%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$630.634% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.025%−$3 · spread now 0.000%, 7d avg −0.007%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1510	0.0100	pay 0.0050% / 4h	23m 04s	$4.4M	$9.5M	50x
Short	Bitget TRUMPUSDT	2.1510	0.0100	get 0.0050% / 4h	23m 04s	$15.2M	$19.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.007%: $0.7
Slippage, 4 orders: −$39.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.71
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Bitget: live order book, 10 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, 9 min ago	4.68 bp	20.7 bp −$21	66.3 bp −$663	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	2.34 bp	10.8 bp −$11	16.0 bp −$160	54.2 bp −$5,423	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	−0.1937%	1h	2.1380	−0.604%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1525	+0.071%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0360%	1h	2.1505	−0.023%	$963K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1490	−0.093%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0115%	1h	2.1505	−0.023%	$77	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0023%	1h	2.1510	0.000%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1523	+0.060%	$403K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.023%	$41K	—	150x	as long as short
MEXC TRUMP_USDC	+0.0018%	4h	2.1500	−0.046%	$472K	$135K	125x	as long as short
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1491	−0.088%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0031%	4h	2.1467	−0.198%	$117K	$242K	20x	as long as short
Gate TRUMP_USDT	+0.0038%	4h	2.1510	0.000%	$7.4M	$44.7M	75x	as long as short
Extended TRUMP-USD	+0.0056%	1h	2.1509	−0.007%	$74K	$472K	25x	as long as short
Binance TRUMPUSDT	+0.0059%	4h	2.1511	+0.003%	$61.7M	$209.3M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.1500	−0.046%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1501	−0.044%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1528	+0.084%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1505	−0.025%	$433K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1498	−0.056%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1510	0.000%	$30.0M	$40.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1500	−0.046%	$26.6M	$143.3M	50x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1510	long leg	$4.4M	$9.5M	50x
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1510	0.000%	$15.2M	$19.9M	75x
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1533	+0.107%	$254K	$265K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1425	−0.396%	$666K	$231K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.139%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	+0.139%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.093%	$500K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1513	+0.015%	$11K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0237%	4h	2.1510	0.000%	$4.2M	$474K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.279%	$277K	$397K	50x	as long as short