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 HTX−0.091%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$1951.947% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.091%, 7d avg +0.007%

Together, before fees+0.167%+$17 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 0.098% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.2030	0.0100	pay 0.0050% / 4h	3h 34m	$556K	$1.9M	50x
Short	SunX TRUMP-USDT	2.2010	0.0100	get 0.0050% / 4h	3h 34m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → +0.007%: −$9.82
Slippage, 4 orders: −$174.7
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$204.51
Costs to cover: 1.947%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; SunX: live order book, 10 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 HTX live order book, 4 min ago	9.15 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	32.15 bp	93.0 bp −$93	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	2.1900	−0.590%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1962	−0.310%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2006	−0.107%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1984	−0.209%	$412K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1976	−0.246%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1815	−0.976%	$119K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1980	−0.227%	$979K	$766K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1980	−0.227%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1990	−0.181%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1997	−0.148%	$458K	$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	2.1996	−0.153%	$190K	$58K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1990	−0.182%	$62.9M	$223.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2000	−0.136%	$30.8M	$44.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	−0.136%	$27.1M	$153.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1990	−0.182%	$7.6M	$47.1M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1970	−0.272%	$476K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2000	−0.136%	$4.0M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2010	−0.091%	$15.9M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1972	−0.265%	$706K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1786	−1.106%	$190K	$4.4M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2010	−0.091%	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1975	−0.250%	$74	$6K	5x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.2030	long leg	$556K	$1.9M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1981	−0.224%	$80K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1975	−0.250%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0197%	1h	2.2017	−0.059%	$14.2M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1972	−0.264%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1970	−0.272%	$4.2M	$628K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0430%	1h	2.2009	−0.095%	$257K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.089%	$283K	$272K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0783%	1h	2.2002	−0.126%	$1.3M	$2.5M	50x	as long as short