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: KuCoin against Variational Omni−0.052%7-day average +0.020% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

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+0.093%+$9 · spread now −0.052%, 7d avg +0.020%

Together, before fees+0.142%+ Points / potential airdropVariational Omni: Active · farm board+$14 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: KuCoin is 0.072% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.2072	0.0100	pay 0.0050% / 4h	2h 36m	$698K	$448K	—
Short	KuCoin TRUMPUSDTM	2.2060	0.0100	get 0.0050% / 4h	2h 36m	$4.1M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.020%: −$7.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$19.23
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; KuCoin: live order book, 7 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 Variational Omni RFQ quote, 32 min ago	4.94 bp	doesn't fit	17.3 bp −$173	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.50 bp	15.8 bp −$16	91.5 bp −$915	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	−0.1623%	1h	2.1900	−0.777%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	−0.045%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2057	−0.067%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2041	−0.139%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2055	−0.076%	$43K	—	150x	as long as short
Gate TRUMP_USDT	+0.0014%	4h	2.2090	+0.083%	$7.8M	$48.8M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	−0.022%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2098	+0.118%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2050	−0.098%	$3K	$237K	10x	as long as short
SoDEX TRUMP-USD	+0.0095%	1h	2.2048	−0.107%	$80	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2060	−0.052%	$980K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2082	+0.047%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2060	−0.053%	$436K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2081	+0.043%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2079	+0.032%	$64.1M	$236.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2090	+0.083%	$31.6M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2100	+0.129%	$28.9M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2080	+0.038%	$440K	$145K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.2060	−0.052%	$4.1M	$11.0M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.2100	+0.129%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.2072	long leg	$698K	$448K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	+0.021%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2060	−0.052%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2090	+0.083%	$565K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2099	+0.126%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1960	−0.506%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2061	−0.046%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0309%	1h	2.2078	+0.029%	$258K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.718%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2069	−0.014%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.129%	$286K	$307K	50x	as long as short