Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.084%

Price spread now: Coinbase International against KuCoin+0.047%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

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

costs, in and out, $10k−$620.622% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.047%, 7d avg +0.057%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.194%, 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	KuCoin TRUMPUSDTM	2.1440	−0.0048	get 0.0024% / 4h	3h 34m	$4.1M	$10.7M	50x
Short	Coinbase International TRUMP-PERP-INTX	2.1450	−0.0136	pay 0.0017% / 1h	34m 29s	$156K	$482K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$18.48
Price spread: +0.047% → +0.057%: −$1.05
Slippage, 4 orders: −$40.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$81.74
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 64 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, 4 min ago	2.33 bp	17.8 bp −$18	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell Coinbase International live order book, 64 min ago	7.01 bp	12.0 bp −$12	16.1 bp −$161	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	−0.1829%	1h	2.1350	−0.420%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0590%	1h	2.1445	+0.023%	$71	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0449%	4h	2.1440	0.000%	$30.6M	$51.7M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0309%	1h	2.1455	+0.070%	$388K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1451	+0.053%	$662K	$415K	—	as long as short
Gate TRUMP_USDT	−0.0282%	4h	2.1450	+0.047%	$7.7M	$49.7M	75x	as long as short
Extended TRUMP-USD	−0.0256%	1h	2.1429	−0.049%	$74K	$494K	25x	as long as short
Binance TRUMPUSDT	−0.0252%	4h	2.1437	−0.013%	$60.8M	$247.4M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0247%	4h	2.1430	−0.047%	$26.9M	$182.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.039%	$5	—	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0224%	1h	2.1442	+0.009%	$937K	$990K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1438	−0.008%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTXshort	−0.0136%	1h	2.1450	+0.047%	$156K	$482K	50x
GRVT TRUMP_USDT_Perp	−0.0122%	4h	2.1439	−0.005%	$180K	$4.3M	10x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	−0.039%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0098%	4h	2.1450	+0.047%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTMlong	−0.0048%	4h	2.1440	long leg	$4.1M	$10.7M	50x
dYdX TRUMP-USD	−0.0023%	1h	2.1466	+0.123%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0013%	4h	2.1460	+0.093%	$4.2M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.161%	$40K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0024%	4h	2.1450	+0.047%	$15.3M	$26.5M	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1431	−0.042%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0096%	4h	2.1430	−0.047%	$398K	$148K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1466	+0.121%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1462	+0.102%	$408K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1462	+0.103%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.233%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.187%	$499K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1472	+0.150%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1461	+0.097%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0294%	1h	2.1484	+0.205%	$383K	$422K	10x	as long as short