Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.005%

Price spread now: Pacifica against KuCoin+0.079%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now +0.079%, 7d avg +0.006%

Together, before fees+0.451%+ Points / potential airdropPacifica: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Pacifica is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1450	−0.0044	get 0.0022% / 4h	3h 36m	$4.1M	$10.7M	50x
Short	Pacifica TRUMP	2.1467	0.0100	get 0.0013% / 1h	36m 18s	$185K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.079%Rate

Funding earned: $30.24
Price spread: +0.079% → +0.006%: $7.36
Slippage, 4 orders: −$47.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.83
Costs to cover: 0.674%
Break-even: 13.9 days

Slippage from KuCoin: live order book, 2 min ago; Pacifica: live order book, 62 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	2.33 bp	17.8 bp −$18	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell Pacifica live order book, 62 min ago	5.13 bp	18.8 bp −$19	doesn't fit	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	−0.466%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0615%	1h	2.1459	+0.042%	$71	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0337%	4h	2.1450	0.000%	$30.6M	$51.8M	50x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1441	−0.040%	$661K	$415K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1470	+0.093%	$388K	$81K	10x	as long as short
Gate TRUMP_USDT	−0.0252%	4h	2.1450	0.000%	$7.7M	$49.6M	75x	as long as short
Binance TRUMPUSDT	−0.0251%	4h	2.1450	0.000%	$60.9M	$247.5M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1454	+0.020%	$74K	$494K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1457	+0.031%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1450	0.000%	$26.9M	$182.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0232%	1h	2.1452	+0.009%	$938K	$990K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0160%	8h	2.1451	+0.006%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1470	+0.093%	$164K	$474K	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0122%	4h	2.1439	−0.052%	$180K	$4.3M	10x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	−0.085%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0097%	4h	2.1450	0.000%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTMlong	−0.0044%	4h	2.1450	long leg	$4.1M	$10.7M	50x
dYdX TRUMP-USD	−0.0025%	1h	2.1486	+0.169%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0011%	4h	2.1460	+0.047%	$4.2M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1495	+0.208%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1436	−0.065%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0028%	4h	2.1460	+0.047%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1466	+0.075%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1467	+0.079%	$407K	$719K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1467	+0.079%	$185K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	−0.047%	$398K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.233%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.186%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1494	+0.205%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1469	+0.087%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0303%	1h	2.1502	+0.242%	$380K	$420K	10x	as long as short