Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.018%

Price spread now: SunX against Lighter+0.050%7-day average +0.108% · you sell dearer than you buy

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

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.050%, 7d avg +0.108%

Together, before fees+0.112%+ Points / potential airdropLighter: Season 3 · farm board+$11 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 0.058% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.1899	0.0096	pay 0.0012% / 1h	19m 00s	$982K	$741K	10x
Short	SunX TRUMP-USDT	2.1910	0.0100	get 0.0050% / 4h	19m 00s	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0.84
Price spread: +0.050% → +0.108%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.91
Costs to cover: 0.080%
Break-even: 114.6 days

Slippage unknown: Lighter: live order book, 56 min ago; SunX: live order book, 6 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 Lighter live order book, 56 min ago	1.60 bp	5.4 bp −$5	18.6 bp −$186	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	501.49 bp	doesn't fit	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	−0.1537%	1h	2.1770	−0.589%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1907	+0.036%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1876	−0.103%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1916	+0.078%	$411K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1910	+0.050%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1805	−0.429%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1900	+0.005%	$3K	$249K	10x	as long as short
Lighter TRUMPlong	+0.0096%	1h	2.1899	long leg	$982K	$741K	10x
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1881	−0.083%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1909	+0.047%	$456K	$833K	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	2.1885	−0.066%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1910	+0.050%	$62.9M	$225.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.005%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	+0.050%	$27.2M	$153.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	−0.041%	$7.5M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	+0.005%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	+0.005%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1910	+0.050%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.214%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	−0.248%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1910	+0.050%	$2K	$1.6M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1909	+0.046%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.187%	$555K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1901	+0.008%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1905	+0.027%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1911	+0.056%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0284%	1h	2.1923	+0.110%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.050%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.735%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0489%	1h	2.1927	+0.128%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0871%	1h	2.1934	+0.158%	$1.3M	$2.5M	50x	as long as short