TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0239%/8h= −26.2% APRnext payment −$1.20 per $10,000 · paid last 24h −0.019%

Price spread now: edgeX against KuCoin−0.382%83s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.646% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.382%, 7d avg −0.024%

Together, before fees+0.340%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.357% cheaper against KuCoin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1590	0.0100	pay 0.0050% / 4h	2h 08m	$4.2M	$11.2M	50x
Short	edgeX TRUMPUSDC	2.1508	−0.0139	pay 0.0070% / 4h	2h 08m	$105K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.382%Rate

Funding earned: −$50.27
Price spread: −0.382% → −0.024%: −$35.73
Slippage, 4 orders: −$43.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$150.56
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; edgeX: live order book, 39 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	2.33 bp	15.9 bp −$16	101.0 bp −$1,010	doesn't fit	doesn't fit
Sell edgeX live order book, 39 min ago	6.99 bp	14.4 bp −$14	40.4 bp −$404	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	−0.1827%	1h	2.1480	−0.509%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0368%	1h	2.1573	−0.079%	$954K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0309%	1h	2.1585	−0.023%	$82	$6K	5x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1574	−0.075%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0277%	4h	2.1581	−0.044%	$60.9M	$250.6M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1576	−0.063%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0238%	4h	2.1580	−0.046%	$30.6M	$52.1M	50x	as long as short
Variational Omni TRUMP	−0.0193%	4h	2.1511	−0.365%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0178%	8h	2.1572	−0.083%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1584	−0.028%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDCshort	−0.0139%	4h	2.1508	−0.382%	$105K	$264K	20x
Gate TRUMP_USDT	−0.0118%	4h	2.1580	−0.046%	$7.7M	$53.8M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0082%	4h	2.1570	−0.093%	$26.6M	$185.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1580	−0.046%	$5K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0038%	4h	2.1540	−0.232%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1596	+0.028%	$27K	$501	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1555	−0.162%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1594	+0.019%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0018%	4h	2.1520	−0.324%	$182K	$4.7M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1590	0.000%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1587	−0.013%	$406K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1579	−0.051%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	−0.046%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1590	long leg	$4.2M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	−0.046%	$15.4M	$26.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.046%	$485K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1589	−0.004%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1614	+0.110%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0260%	1h	2.1612	+0.102%	$384K	$412K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1580	−0.046%	$238K	$378K	50x	as long as short