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 +0.003%

Price spread now: SunX against Paradex+0.210%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.210% dearer against Paradex than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.2143	0.0096	pay 0.0096% / 8h	45m 44s	$5K	—	5x
Short	SunX TRUMP-USDT	2.2190	0.0100	get 0.0050% / 4h	45m 44s	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Paradex. 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 ParadexbpFee SunXbpOrdersPrice spread, now +0.210%Rate

Funding earned: $0.86
Price spread: +0.210% → 0.000%: $21.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: $9.88
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; SunX: live order book, 9 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 Paradex no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	31.63 bp	91.5 bp −$92	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.2030	−0.512%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2152	+0.039%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2167	+0.107%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2175	+0.142%	$416K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2176	+0.147%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2151	+0.036%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2170	+0.120%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERPlong	+0.0096%	8h	2.2143	long leg	$5K	—	5x
Lighter TRUMP	+0.0096%	1h	2.2152	+0.039%	$993K	$738K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2175	+0.142%	$462K	$835K	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	2.2156	+0.057%	$191K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2160	+0.075%	$63.9M	$223.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2150	+0.030%	$31.1M	$44.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	+0.030%	$27.4M	$153.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2140	−0.016%	$7.5M	$47.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	−0.016%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2170	+0.120%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2150	+0.030%	$15.7M	$21.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2172	+0.130%	$624K	$348K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.210%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2190	+0.210%	$2K	$1.6M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2167	+0.106%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2200	+0.255%	$568K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2141	−0.011%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2167	+0.108%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2172	+0.127%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2080	−0.287%	$4.2M	$637K	75x	as long as short
Hyperliquid TRUMP	+0.0345%	1h	2.2178	+0.156%	$14.3M	$7.5M	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.436%	$287K	$403K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0598%	1h	2.2192	+0.219%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0861%	1h	2.2194	+0.228%	$1.3M	$2.5M	50x	as long as short