Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.036%

Price spread now: SunX against dYdX+0.254%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.254% dearer against dYdX than usual: you sell high and buy low: +$25 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	dYdX TRUMP-USD	2.1426	−0.0019	get 0.0002% / 1h	28m 06s	$26K	$2K	5x
Short	SunX TRUMP-USDT	2.1480	0.0100	get 0.0050% / 4h	3h 28m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.254%Rate

Funding earned: $24.89
Price spread: +0.254% → 0.000%: $25.4
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $32.29
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: dYdX: no order-book sample; SunX: 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 dYdX no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	32.59 bp	96.9 bp −$97	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	−0.1829%	1h	2.1350	−0.353%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0508%	4h	2.1530	+0.487%	$31.0M	$51.7M	50x	as long as short
SoDEX TRUMP-USD	−0.0377%	1h	2.1465	+0.184%	$69	$6K	5x	as long as short
Variational Omni TRUMP	−0.0320%	4h	2.1381	−0.206%	$663K	$419K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0253%	4h	2.1510	+0.394%	$26.9M	$183.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1427	+0.005%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0244%	4h	2.1470	+0.207%	$7.7M	$50.0M	75x	as long as short
Binance TRUMPUSDT	−0.0243%	4h	2.1538	+0.526%	$62.7M	$247.5M	75x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1506	+0.378%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1470	+0.207%	$939K	$991K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0150%	8h	2.1420	−0.024%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1410	−0.073%	$148K	$494K	50x	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1390	−0.166%	$104K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0096%	4h	2.1460	+0.161%	$5K	$297K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1440	+0.067%	$4.1M	$10.6M	50x	as long as short
dYdX TRUMP-USDlong	−0.0019%	1h	2.1426	long leg	$26K	$2K	5x
BloFin TRUMP-USDT	−0.0008%	4h	2.1420	−0.026%	$4.2M	$685K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1478	+0.245%	$389K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1447	+0.099%	$40K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0014%	4h	2.1500	+0.347%	$15.3M	$26.5M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1400	−0.119%	$176K	$4.3M	10x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1479	+0.250%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0086%	4h	2.1480	+0.254%	$399K	$149K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1517	+0.427%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1509	+0.389%	$409K	$716K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1431	+0.025%	$184K	$54K	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1480	+0.254%	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.347%	$496K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1503	+0.363%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1450	+0.113%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0323%	1h	2.1542	+0.543%	$385K	$420K	10x	as long as short