Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin+0.233%54s7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as 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−$1921.924% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.233%, 7d avg +0.075%

Together, before fees−0.025%−$3 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 0.158% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.075%. The two prices were read 54 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	KuCoin TRUMPUSDTM	2.1490	0.0100	pay 0.0050% / 4h	2h 47m	$4.2M	$11.1M	50x
Short	SunX TRUMP-USDT	2.1540	0.0100	get 0.0050% / 4h	2h 47m	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +0.233%Rate

Funding earned: $0
Price spread: +0.233% → +0.075%: $15.8
Slippage, 4 orders: −$172.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$176.59
Costs to cover: 1.924%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; SunX: live order book, 8 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 KuCoin live order book, 6 min ago	4.64 bp	19.3 bp −$19	99.6 bp −$996	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	32.48 bp	93.3 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	−0.1827%	1h	2.1360	−0.605%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0532%	1h	2.1520	+0.140%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0472%	1h	2.1496	+0.028%	$951K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0305%	4h	2.1470	−0.093%	$30.5M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1462	−0.133%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0232%	8h	2.1475	−0.072%	$5K	$175	5x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1469	−0.097%	$74K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0215%	4h	2.1464	−0.122%	$60.6M	$246.8M	75x	as long as short
Gate TRUMP_USDT	−0.0178%	4h	2.1480	−0.047%	$7.7M	$52.3M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0168%	1h	2.1543	+0.247%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	+0.192%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0102%	4h	2.1476	−0.067%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0027%	1h	2.1506	+0.075%	$27K	$506	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0025%	4h	2.1460	−0.140%	$5K	$214K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1530	+0.186%	$180K	$4.7M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0013%	4h	2.1460	−0.140%	$27.3M	$178.9M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1489	−0.005%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1460	−0.140%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0031%	4h	2.1460	−0.140%	$4.2M	$644K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1481	−0.042%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1497	+0.033%	$404K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1503	+0.060%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	−0.140%	$399K	$147K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1490	long leg	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1480	−0.047%	$15.5M	$26.4M	75x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1540	+0.233%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.186%	$490K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1487	−0.013%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1544	+0.249%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0337%	1h	2.1547	+0.265%	$381K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.512%	$281K	$305K	50x	as long as short