Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.004%

Price spread now: KuCoin against Paradex+0.089%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.089% dearer against Paradex than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1431	0.0014	pay 0.0014% / 8h	4h 35m	$5K	$175	5x
Short	KuCoin TRUMPUSDTM	2.1450	0.0100	get 0.0050% / 4h	35m 03s	$4.3M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. 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 ParadexbpFee KuCoinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $18.04
Price spread: +0.089% → 0.000%: $8.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $10.97
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	4.66 bp	18.5 bp −$19	67.7 bp −$677	doesn't fit	doesn't fit

Paradex: 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	−0.1690%	1h	2.1350	−0.377%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1437	+0.026%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0215%	1h	2.1435	+0.019%	$95	$6K	5x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1431	+0.001%	$948K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0076%	4h	2.1430	−0.004%	$7.6M	$50.7M	75x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1381	−0.232%	$654K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1446	+0.071%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1447	+0.075%	$404K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1455	+0.112%	$40K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0008%	4h	2.1428	−0.016%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRUMPUSDT	+0.0013%	4h	2.1440	+0.043%	$60.3M	$241.2M	75x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0014%	8h	2.1431	long leg	$5K	$175	5x
Extended TRUMP-USD	+0.0016%	1h	2.1430	−0.006%	$74K	$749K	25x	as long as short
Bybit TRUMPUSDT	+0.0028%	4h	2.1440	+0.043%	$30.4M	$49.4M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0047%	4h	2.1440	+0.043%	$4K	$210K	10x	as long as short
BloFin TRUMP-USDT	+0.0052%	4h	2.1450	+0.089%	$4.1M	$678K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1426	−0.025%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1459	+0.131%	$14.2M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1455	+0.112%	$421K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1444	+0.059%	$184K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1440	+0.043%	$27.1M	$172.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.004%	$403K	$150K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1450	+0.089%	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	+0.089%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1466	+0.164%	$251K	$315K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	−0.057%	$176K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.136%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.183%	$497K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1444	+0.059%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1468	+0.173%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1430	−0.004%	$278K	$279K	50x	as long as short