TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0222%/8h= +24.3% APRnext payment +$1.11 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against GRVT+0.285%74s7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as 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−$1791.787% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.285%, 7d avg +0.103%

Together, before fees−0.023%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and SunX is 0.182% dearer against GRVT than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.103%. The two prices were read 74 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	GRVT TRUMP_USDT_Perp	2.1439	−0.0122	get 0.0061% / 4h	3h 35m	$180K	$4.3M	10x
Short	SunX TRUMP-USDT	2.1500	0.0100	get 0.0050% / 4h	3h 35m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now +0.285%Rate

Funding earned: $46.62
Price spread: +0.285% → +0.103%: $18.2
Slippage, 4 orders: −$161.72
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$113.89
Costs to cover: 1.787%
Break-even: 24.1 days

Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago	2.33 bp	6.8 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell SunX live order book, 9 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	−0.415%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0615%	1h	2.1459	+0.094%	$71	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0337%	4h	2.1450	+0.052%	$30.6M	$51.8M	50x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1451	+0.059%	$662K	$415K	—	as long as short
Gate TRUMP_USDT	−0.0270%	4h	2.1470	+0.145%	$7.7M	$49.6M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1470	+0.145%	$388K	$81K	10x	as long as short
Binance TRUMPUSDT	−0.0253%	4h	2.1460	+0.098%	$60.9M	$247.4M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1464	+0.119%	$74K	$494K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1457	+0.083%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1460	+0.098%	$26.9M	$182.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0232%	1h	2.1451	+0.056%	$938K	$990K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1449	+0.047%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1450	+0.052%	$156K	$474K	50x	as long as short
GRVT TRUMP_USDT_Perplong	−0.0122%	4h	2.1439	long leg	$180K	$4.3M	10x
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	−0.033%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0097%	4h	2.1450	+0.052%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0044%	4h	2.1460	+0.098%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0024%	1h	2.1466	+0.128%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0011%	4h	2.1460	+0.098%	$4.2M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1467	+0.131%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1436	−0.013%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0026%	4h	2.1460	+0.098%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1476	+0.173%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1475	+0.168%	$407K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1471	+0.150%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	+0.052%	$398K	$148K	125x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1500	+0.285%	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1460	+0.098%	$499K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1494	+0.257%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1469	+0.139%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0296%	1h	2.1496	+0.266%	$383K	$422K	10x	as long as short