Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.017%

Price spread now: SunX against Extended+0.307%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1771.767% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.307%, 7d avg +0.139%

Together, before fees−0.067%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and SunX is 0.168% dearer against Extended than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.139%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.234% in total (about 12.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1364	−0.0256	get 0.0032% / 1h	33m 18s	$74K	$494K	25x
Short	SunX TRUMP-USDT	2.1430	0.0100	get 0.0050% / 4h	3h 33m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.307%Rate

Funding earned: $74.76
Price spread: +0.307% → +0.139%: $16.79
Slippage, 4 orders: −$163.74
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$85.19
Costs to cover: 1.767%
Break-even: 15.0 days

Slippage from Extended: live order book, 64 min ago; SunX: live order book, 12 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 Extended live order book, 64 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	32.45 bp	93.9 bp −$94	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	−0.1829%	1h	2.1350	−0.068%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0534%	1h	2.1385	+0.096%	$69	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0495%	4h	2.1360	−0.021%	$30.6M	$51.8M	50x	as long as short
Gate TRUMP_USDT	−0.0348%	4h	2.1380	+0.073%	$7.7M	$49.7M	75x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1451	+0.407%	$662K	$415K	—	as long as short
Extended TRUMP-USDlong	−0.0256%	1h	2.1364	long leg	$74K	$494K	25x
Binance TRUMPUSDT	−0.0252%	4h	2.1377	+0.058%	$61.3M	$247.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0249%	4h	2.1370	+0.026%	$26.8M	$181.7M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1429	+0.303%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1390	+0.120%	$935K	$990K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1389	+0.115%	$387K	$81K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0162%	8h	2.1363	−0.008%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1360	−0.021%	$148K	$493K	50x	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1455	+0.425%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0100%	4h	2.1370	+0.026%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1360	−0.021%	$4.1M	$10.7M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0042%	4h	2.1454	+0.418%	$181K	$4.3M	10x	as long as short
dYdX TRUMP-USD	−0.0022%	1h	2.1387	+0.104%	$26K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0012%	4h	2.1380	+0.073%	$4.2M	$684K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.516%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1434	+0.327%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0020%	4h	2.1380	+0.073%	$15.2M	$26.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0094%	4h	2.1350	−0.068%	$396K	$148K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1392	+0.129%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1399	+0.160%	$407K	$716K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	+0.152%	$184K	$54K	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1430	+0.307%	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1420	+0.260%	$495K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1424	+0.278%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1385	+0.096%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0292%	1h	2.1475	+0.517%	$382K	$422K	10x	as long as short