TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.066%

Price spread now: SunX against BloFin+0.499%55s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1791.792% of the position

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 3 days (all we have)−0.404%−$40 · spread now +0.499%, 7d avg +0.095%

Together, before fees−0.595%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.405% dearer against BloFin than usual: you sell high and buy low (spread +0.499% now, against its 7-day average of +0.095%): +$40 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.6 days. At the pace of the last 7 days (−0.190% in total) that is about 15 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.2030	0.0340	pay 0.0170% / 4h	3h 25m	$4.2M	$627K	75x
Short	SunX TRUMP-USDT	2.2140	0.0100	get 0.0050% / 4h	3h 25m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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 BloFinbpFee SunXbpOrdersPrice spread, now +0.499%Rate

Funding earned: −$50.4
Price spread: +0.499% → +0.095%: $40.46
Slippage, 4 orders: −$159.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$189.12
Costs to cover: 1.792%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; SunX: live order book, 9 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 BloFin live order book, 2 min ago	6.81 bp	12.8 bp −$13	16.8 bp −$168	44.2 bp −$4,424	211.7 bp −$105.8K
Sell SunX live order book, 9 min ago	31.79 bp	92.0 bp −$92	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	2.1910	−0.545%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2102	+0.325%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	+0.281%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2121	+0.413%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2106	+0.344%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2049	+0.087%	$120K	$248K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2112	+0.372%	$982K	$769K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2100	+0.318%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2111	+0.367%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2117	+0.396%	$460K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2109	+0.360%	$190K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2118	+0.400%	$63.2M	$222.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2110	+0.363%	$31.0M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2100	+0.318%	$27.4M	$154.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2110	+0.363%	$7.6M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2100	+0.318%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	+0.409%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2120	+0.409%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	+0.324%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2030	0.000%	$188K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2140	+0.499%	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2117	+0.395%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.499%	$559K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2110	+0.364%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2105	+0.340%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0164%	1h	2.2136	+0.481%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2110	+0.365%	$10K	—	100x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.2030	long leg	$4.2M	$627K	75x
Backpack TRUMP_USDC_PERP	+0.0450%	1h	2.2135	+0.477%	$259K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.089%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0778%	1h	2.2139	+0.495%	$1.3M	$2.5M	50x	as long as short