Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.005%

Price spread now: KuCoin against Pacifica−0.033%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

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

Long on Pacifica Short on KuCoin

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)−0.366%−$37 · spread now −0.033%, 7d avg −0.006%

Together, before fees−0.498%+ Points / potential airdropPacifica: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.027% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1467	0.0100	pay 0.0013% / 1h	36m 29s	$185K	$54K	10x
Short	KuCoin TRUMPUSDTM	2.1460	−0.0040	pay 0.0020% / 4h	3h 36m	$4.1M	$10.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$29.4
Price spread: −0.033% → −0.006%: −$2.69
Slippage, 4 orders: −$47.43
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$99.52
Costs to cover: 0.674%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; KuCoin: 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 Pacifica live order book, 61 min ago	5.13 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.33 bp	20.4 bp −$20	75.4 bp −$754	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	−0.545%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0636%	1h	2.1465	−0.009%	$71	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0337%	4h	2.1440	−0.126%	$30.6M	$51.8M	50x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1441	−0.119%	$661K	$415K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1484	+0.079%	$389K	$81K	10x	as long as short
Gate TRUMP_USDT	−0.0252%	4h	2.1460	−0.033%	$7.7M	$49.6M	75x	as long as short
Binance TRUMPUSDT	−0.0251%	4h	2.1447	−0.094%	$60.9M	$247.5M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1439	−0.129%	$74K	$494K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1472	+0.022%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1430	−0.172%	$26.9M	$182.3M	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	−0.070%	$938K	$990K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0160%	8h	2.1451	−0.074%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1470	+0.014%	$164K	$474K	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0122%	4h	2.1439	−0.131%	$180K	$4.3M	10x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	−0.164%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1470	+0.014%	$5K	$295K	10x	as long as short
KuCoin TRUMPUSDTMshort	−0.0040%	4h	2.1460	−0.033%	$4.1M	$10.7M	50x
dYdX TRUMP-USD	−0.0025%	1h	2.1486	+0.090%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0011%	4h	2.1460	−0.033%	$4.2M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1495	+0.129%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1470	+0.014%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0028%	4h	2.1450	−0.079%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1476	+0.042%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1471	+0.021%	$407K	$719K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1467	long leg	$185K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.079%	$398K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.154%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.107%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1496	+0.136%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1491	+0.113%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0303%	1h	2.1502	+0.163%	$380K	$420K	10x	as long as short