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: SunX against Aster+0.224%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1841.838% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.224%, 7d avg +0.082%

Together, before fees+0.007%+ Points / potential airdropAster: Stage 5 · farm board+$1 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: SunX is 0.142% dearer against Aster than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TRUMPUSDT	2.2440	0.0100	pay 0.0050% / 4h	3h 07m	$468K	$837K	20x
Short	SunX TRUMP-USDT	2.2490	0.0100	get 0.0050% / 4h	3h 07m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → +0.082%: $14.21
Slippage, 4 orders: −$167.75
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$169.54
Costs to cover: 1.838%
Break-even: never at this rate

Slippage from Aster: live order book, 65 min ago; SunX: live order book, 7 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 Aster live order book, 65 min ago	4.58 bp	8.9 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	35.40 bp	97.2 bp −$97	doesn't fit	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	−0.1608%	1h	2.2390	−0.221%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2462	+0.098%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2436	−0.016%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2477	+0.166%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2495	+0.247%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2475	+0.156%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0089%	8h	2.2434	−0.023%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.2470	+0.135%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2435	−0.021%	$995K	$782K	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.2440	long leg	$468K	$837K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2445	+0.023%	$195K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2440	+0.001%	$64.8M	$227.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2440	+0.001%	$31.8M	$45.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2430	−0.043%	$28.5M	$162.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2430	−0.043%	$8.0M	$48.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2420	−0.088%	$483K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2450	+0.046%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2450	+0.046%	$16.3M	$22.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	+0.052%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2500	+0.269%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2490	+0.224%	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2450	+0.046%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2510	+0.313%	$584K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2430	−0.044%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2479	+0.174%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0114%	1h	2.2465	+0.113%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2498	+0.262%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2460	+0.091%	$4.3M	$680K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0465%	1h	2.2480	+0.180%	$263K	$301K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.403%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0767%	1h	2.2475	+0.157%	$1.3M	$2.6M	50x	as long as short