Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.092%7-day average −0.014% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.092%, 7d avg −0.014%

Together, before fees+0.026%+$3 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: Bybit is 0.078% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1840	0.0100	pay 0.0050% / 4h	13m 27s	$4.4M	$10.3M	50x
Short	Bybit TRUMPUSDT	2.1820	0.0100	get 0.0050% / 4h	13m 27s	$30.7M	$44.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.014%: −$7.8
Slippage, 4 orders: −$36.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$66.91
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: 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 KuCoin live order book, 5 min ago	2.28 bp	19.6 bp −$20	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.29 bp	9.4 bp −$9	17.8 bp −$178	101.1 bp −$10.1K	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	−0.1537%	1h	2.1770	−0.321%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1814	−0.117%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1837	−0.015%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1835	−0.023%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1823	−0.077%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1848	+0.039%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	0.000%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1835	−0.023%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1815	−0.115%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1835	−0.023%	$454K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1836	−0.021%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1824	−0.075%	$62.7M	$226.6M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1820	−0.092%	$30.7M	$44.7M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	−0.092%	$27.1M	$152.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1830	−0.046%	$7.4M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.092%	$473K	$134K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1840	long leg	$4.4M	$10.3M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	−0.092%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.100%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1885	+0.207%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.092%	$1K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	−0.023%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.137%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1811	−0.132%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1824	−0.072%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1841	+0.005%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0250%	1h	2.1843	+0.011%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	+0.183%	$4.2M	$636K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.007%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0473%	1h	2.1848	+0.037%	$256K	$283K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1851	+0.049%	$1.3M	$2.5M	50x	as long as short