TRUMP arbitrage explained
Right now Official Trump (TRUMP) trades on 11 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $1.98 and the highest bid on Gate spot at $1.99.
The widest TRUMP perpetual spread is between KuCoin and Bitget: long TRUMP on KuCoin at $1.98 and short on Bitget at $1.99 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.088% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TRUMP route is to buy spot on Gate and short the perpetual on Bitget: -0.08% gross, -0.28% net, with +0.030% a day of funding on the short leg.
Spot–spot TRUMP arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small TRUMP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: TRUMP funding rates · TRUMP spread charts · Official Trump price · arbitrage scanner for all coins.