TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.69 per $10,000 · paid last 24h −0.015%

Price spread now: Gate against KuCoin+0.047%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$780.777% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.047%, 7d avg +0.004%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.043% dearer against KuCoin than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.004%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1490	−0.0062	get 0.0031% / 4h	2h 54m	$4.2M	$10.5M	50x
Short	Gate TRUMP_USDT	2.1500	−0.0200	pay 0.0100% / 4h	2h 54m	$7.7M	$47.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$28.98
Price spread: +0.047% → +0.004%: $4.3
Slippage, 4 orders: −$50.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.39
Costs to cover: 0.777%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: 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, 4 min ago	2.31 bp	23.7 bp −$24	271.3 bp −$2,713	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.31 bp	16.0 bp −$16	46.0 bp −$460	85.3 bp −$8,527	doesn't fit

TRUMP on 32 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	−0.1841%	1h	2.1600	+0.512%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	+0.795%	$672K	$419K	—	as long as short
Lighter TRUMP	−0.0320%	1h	2.1500	+0.047%	$934K	$969K	10x	as long as short
Bybit TRUMPUSDT	−0.0311%	4h	2.1510	+0.093%	$31.1M	$50.6M	50x	as long as short
SoDEX TRUMP-USD	−0.0299%	1h	2.1479	−0.051%	$68	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0256%	4h	2.1500	+0.047%	$27.1M	$180.2M	50x	as long as short
Binance TRUMPUSDT	−0.0250%	4h	2.1520	+0.140%	$63.0M	$245.0M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1479	−0.053%	$76K	$492K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1481	−0.043%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1430	−0.279%	$139K	$508K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDTshort	−0.0200%	4h	2.1500	+0.047%	$7.7M	$47.7M	75x
Paradex TRUMP-USD-PERP	−0.0150%	8h	2.1449	−0.191%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	+0.801%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1500	+0.047%	$5K	$324K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1500	+0.047%	$386K	$73K	10x	as long as short
KuCoin TRUMPUSDTMlong	−0.0062%	4h	2.1490	long leg	$4.2M	$10.5M	50x
dYdX TRUMP-USD	−0.0018%	1h	2.1458	−0.150%	$26K	$2K	5x	as long as short
Bitget TRUMPUSDT	−0.0008%	4h	2.1520	+0.140%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1500	+0.047%	$4.3M	$681K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+1.275%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1532	+0.196%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1474	−0.075%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0042%	4h	2.1500	+0.047%	$399K	$147K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	+0.928%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1533	+0.200%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1509	+0.087%	$403K	$657K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1455	−0.161%	$185K	$54K	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1545	+0.256%	$387K	$412K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.140%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.047%	$497K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1520	+0.140%	$3K	$44K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1545	+0.258%	$10K	—	100x	as long as short