Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin−0.713%7-day average −0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days+0.659%+$66 · spread now −0.713%, 7d avg −0.019%

Together, before fees+0.611%+ Points / potential airdropVariational Omni: Active · farm board+$61 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.693% cheaper against KuCoin than usual: you would sell low and buy high, −$69 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.2260	0.0100	pay 0.0050% / 4h	3h 21m	$4.5M	$10.5M	50x
Short	Variational Omni TRUMP	2.2101	0.0100	get 0.0050% / 4h	3h 21m	$707K	$435K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.713%Rate

Funding earned: $0
Price spread: −0.713% → −0.019%: −$69.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 52 min ago. Net counts fees only.

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	4.49 bp	20.1 bp −$20	92.3 bp −$923	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 52 min ago	5.02 bp	doesn't fit	14.9 bp −$149	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	−0.1608%	1h	2.1910	−1.572%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2212	−0.217%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2255	−0.022%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2259	−0.004%	$417K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2229	−0.140%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2107	−0.686%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2244	−0.072%	$988K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2250	−0.045%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2223	−0.167%	$5K	$175	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2256	−0.018%	$463K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2252	−0.036%	$192K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2244	−0.072%	$63.6M	$222.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2240	−0.090%	$31.2M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2230	−0.135%	$27.7M	$156.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2240	−0.090%	$7.7M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2240	−0.090%	$482K	$133K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.2260	long leg	$4.5M	$10.5M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.2240	−0.090%	$16.3M	$22.1M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.2101	−0.713%	$707K	$435K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2167	−0.420%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2270	+0.045%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2255	−0.022%	$77	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2290	+0.135%	$563K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2240	−0.090%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2227	−0.148%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0161%	1h	2.2282	+0.099%	$14.5M	$6.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2231	−0.132%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2240	−0.090%	$4.2M	$643K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0477%	1h	2.2277	+0.076%	$283K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2280	+0.090%	$290K	$277K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0773%	1h	2.2280	+0.090%	$1.3M	$2.5M	50x	as long as short