Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0011%/8hnext payment +$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Orderly+0.185%7-day average +0.030% · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.185%, 7d avg +0.030%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.156% dearer against Orderly than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1570	0.0089	pay 0.0044% / 4h	3h 59m	$3K	$249K	10x
Short	KuCoin TRUMPUSDTM	2.1610	0.0100	get 0.0050% / 4h	3h 59m	$4.7M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now +0.185%Rate

Funding earned: $2.35
Price spread: +0.185% → +0.030%: $15.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$0.09
Costs to cover: 0.180%
Break-even: 7.3 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	4.64 bp	18.1 bp −$18	57.1 bp −$571	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1937%	1h	2.1390	−0.834%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0392%	1h	2.1601	+0.143%	$1.0M	$2.1M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1564	−0.026%	$5	—	10x	as long as short
Lighter TRUMP	−0.0240%	1h	2.1576	+0.028%	$965K	$590K	10x	as long as short
dYdX TRUMP-USD	−0.0016%	1h	2.1564	−0.028%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1590	+0.093%	$405K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1588	+0.083%	$41K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0014%	1h	2.1585	+0.070%	$79	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0026%	4h	2.1524	−0.212%	$117K	$243K	20x	as long as short
MEXC TRUMP_USDC	+0.0036%	4h	2.1620	+0.232%	$475K	$136K	125x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1557	−0.060%	$5K	—	5x	as long as short
Gate TRUMP_USDT	+0.0044%	4h	2.1630	+0.278%	$7.5M	$44.9M	75x	as long as short
Extended TRUMP-USD	+0.0056%	1h	2.1623	+0.245%	$74K	$473K	25x	as long as short
Binance TRUMPUSDT	+0.0056%	4h	2.1638	+0.314%	$62.3M	$209.4M	75x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0089%	4h	2.1570	long leg	$3K	$249K	10x
Aevo TRUMP-PERP	+0.0096%	1h	2.1580	+0.046%	$19K	—	3x	as long as short
Variational Omni TRUMP	+0.0097%	4h	2.1555	−0.071%	$670K	$231K	—	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1605	+0.162%	$13.8M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1594	+0.110%	$440K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1560	−0.046%	$186K	$60K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1640	+0.325%	$30.1M	$41.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1630	+0.278%	$26.7M	$144.4M	50x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1610	+0.185%	$4.7M	$9.7M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1630	+0.278%	$15.2M	$20.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1538	−0.146%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.046%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.185%	$501K	$1.6M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0112%	1h	2.1605	+0.162%	$255K	$267K	10x	as long as short
BloFin TRUMP-USDT	+0.0222%	4h	2.1560	−0.046%	$4.2M	$479K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0229% / S −0.0265%	1h	2.1591	+0.096%	$12K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1590	+0.093%	$277K	$397K	50x	as long as short