Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against KuCoin+0.158%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

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

costs, in and out, $10k−$730.731% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.158%, 7d avg +0.056%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.102% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1890	0.0100	pay 0.0050% / 4h	3h 36m	$4.3M	$11.1M	50x
Short	Kraken Futures PF_TRUMPUSD	2.1925	0.0171	get 0.0021% / 1h	36m 51s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.158%Rate

Funding earned: $14.84
Price spread: +0.158% → +0.056%: $10.18
Slippage, 4 orders: −$51.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$48.11
Costs to cover: 0.731%
Break-even: 29.7 days

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	4.57 bp	19.9 bp −$20	99.4 bp −$994	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.56 bp	21.4 bp −$21	41.2 bp −$412	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	−0.1765%	1h	2.1690	−0.914%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.039%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0182%	1h	2.1895	+0.023%	$93	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0101%	4h	2.1880	−0.046%	$31.1M	$50.1M	50x	as long as short
Extended TRUMP-USD	−0.0064%	1h	2.1861	−0.131%	$75K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0060%	4h	2.1870	−0.091%	$62.0M	$244.8M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.451%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0028%	4h	2.1794	−0.438%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	−0.017%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1905	+0.069%	$412K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1907	+0.078%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.046%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1880	−0.046%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	+0.0058%	4h	2.1880	−0.046%	$7.9M	$51.4M	75x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1880	−0.044%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1897	+0.032%	$970K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1881	−0.041%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1921	+0.142%	$430K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1887	−0.013%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	−0.137%	$28.0M	$179.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.046%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1890	long leg	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1880	−0.046%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1796	−0.428%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1900	+0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.183%	$499K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0171%	1h	2.1925	+0.158%	$1.3M	$2.2M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1909	+0.085%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0180%	4h	2.1870	−0.091%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0373%	1h	2.1939	+0.224%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.228%	$282K	$278K	50x	as long as short