Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.014%

Price spread now: Extended against MEXC+0.029%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.450%+$45 · spread now +0.029%, 7d avg +0.007%

Together, before fees+0.492%+ Points / potential airdropExtended: Active · farm board+$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.021% dearer against MEXC than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.007%): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. 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	MEXC TRUMP_USDC	2.1510	0.0042	pay 0.0021% / 4h	2h 55m	$399K	$147K	125x
Short	Extended TRUMP-USD	2.1516	−0.0248	pay 0.0031% / 1h	55m 09s	$76K	$492K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$60.9
Price spread: +0.029% → +0.007%: $2.14
Slippage, 4 orders: −$27.54
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.3
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from MEXC: live order book, 24 min ago; Extended: live order book, 37 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 MEXC live order book, 24 min ago	2.31 bp	8.5 bp −$8	27.2 bp −$272	132.6 bp −$13.3K	doesn't fit
Sell Extended live order book, 37 min ago	7.01 bp	10.1 bp −$10	33.1 bp −$331	doesn't fit	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	+0.418%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0357%	1h	2.1515	+0.023%	$67	$6K	5x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	+0.701%	$672K	$419K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0307%	1h	2.1540	+0.139%	$387K	$73K	10x	as long as short
Bybit TRUMPUSDT	−0.0297%	4h	2.1480	−0.139%	$31.0M	$50.5M	50x	as long as short
Lighter TRUMP	−0.0296%	1h	2.1509	−0.005%	$935K	$968K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0258%	4h	2.1470	−0.186%	$27.2M	$179.5M	50x	as long as short
Extended TRUMP-USDshort	−0.0248%	1h	2.1516	+0.029%	$76K	$492K	25x
Binance TRUMPUSDT	−0.0246%	4h	2.1491	−0.087%	$62.9M	$244.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	+0.095%	$5	—	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1540	+0.139%	$140K	$511K	50x	as long as short
Gate TRUMP_USDT	−0.0174%	4h	2.1500	−0.046%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0147%	8h	2.1550	+0.185%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	+0.708%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1520	+0.046%	$5K	$323K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0058%	4h	2.1520	+0.046%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1613	+0.480%	$26K	$2K	5x	as long as short
Bitget TRUMPUSDT	−0.0008%	4h	2.1510	0.000%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1500	−0.046%	$4.3M	$681K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+1.180%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1556	+0.215%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1520	+0.046%	$19K	—	3x	as long as short
MEXC TRUMP_USDClong	+0.0042%	4h	2.1510	long leg	$399K	$147K	125x
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	+0.834%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1524	+0.065%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1534	+0.114%	$409K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1585	+0.349%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.186%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.046%	$498K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1520	+0.046%	$2K	$41K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0155%	1h	2.1527	+0.079%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1545	+0.165%	$10K	—	100x	as long as short