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 OKX+0.046%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1701.703% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.046%, 7d avg +0.118%

Together, before fees+0.173%+$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 0.072% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1700	0.0100	pay 0.0050% / 4h	3h 20m	$27.6M	$179.2M	50x
Short	SunX TRUMP-USDT	2.1710	0.0100	get 0.0050% / 4h	3h 20m	$1K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.118%: −$7.17
Slippage, 4 orders: −$152.29
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$177.46
Costs to cover: 1.703%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; SunX: live order book, 4 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 OKX live order book, 3 min ago	2.31 bp	7.3 bp −$7	11.8 bp −$118	33.8 bp −$3,378	doesn't fit
Sell SunX live order book, 4 min ago	32.24 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	−0.1765%	1h	2.1550	−0.691%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0322%	1h	2.1687	−0.060%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0295%	8h	2.1693	−0.031%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.041%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0176%	4h	2.1690	−0.046%	$7.9M	$51.9M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0165%	1h	2.1697	−0.014%	$408K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0109%	4h	2.1700	0.000%	$61.3M	$246.0M	75x	as long as short
Extended TRUMP-USD	−0.0104%	1h	2.1689	−0.050%	$74K	$714K	25x	as long as short
edgeX TRUMPUSDC	−0.0046%	4h	2.1660	−0.186%	$106K	$264K	20x	as long as short
Variational Omni TRUMP	−0.0023%	4h	2.1681	−0.087%	$670K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0010%	4h	2.1690	−0.046%	$30.7M	$50.3M	50x	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1666	−0.156%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1710	+0.046%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0015%	4h	2.1690	−0.046%	$4K	$194K	10x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1650	−0.230%	$956K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1685	−0.069%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1690	−0.046%	$177K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1668	−0.147%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1673	−0.124%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1686	−0.065%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1700	long leg	$27.6M	$179.2M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1690	−0.046%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1650	−0.230%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	0.000%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1710	+0.046%	$1K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1700	0.000%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0135%	4h	2.1670	−0.138%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1709	+0.043%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1724	+0.109%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0210%	1h	2.1690	−0.046%	$340K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1720	+0.092%	$281K	$277K	50x	as long as short