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: Aster against SunX−0.165%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1831.827% of the position

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.165%, 7d avg −0.072%

Together, before fees−0.066%+ Points / potential airdropAster: Stage 5 · farm board−$7 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: Aster is 0.094% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1430	0.0100	pay 0.0050% / 4h	1h 36m	$2K	$1.6M	50x
Short	Aster TRUMPUSDT	2.1395	0.0100	get 0.0050% / 4h	1h 36m	$402K	$778K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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 SunXbpFee AsterbpOrdersPrice spread, now −0.165%Rate

Funding earned: $0
Price spread: −0.165% → −0.072%: −$9.37
Slippage, 4 orders: −$166.7
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$192.07
Costs to cover: 1.827%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Aster: live order book, 6 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 SunX live order book, 8 min ago	32.63 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	4.67 bp	9.8 bp −$10	27.6 bp −$276	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	−0.1927%	1h	2.1280	−0.700%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1412	−0.086%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0216%	4h	2.1380	−0.233%	$60.4M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1370	−0.281%	$74K	$722K	25x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	−0.134%	$661K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1373	−0.268%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1442	+0.057%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0090%	4h	2.1370	−0.280%	$26.4M	$184.4M	50x	as long as short
Gate TRUMP_USDT	−0.0088%	4h	2.1390	−0.187%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0078%	4h	2.1380	−0.233%	$30.3M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0071%	8h	2.1406	−0.113%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0069%	1h	2.1415	−0.070%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1410	−0.093%	$5K	$242K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1423	−0.033%	$403K	$81K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1426	−0.017%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1406	−0.112%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0024%	4h	2.1370	−0.280%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1400	−0.140%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1387	−0.201%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1391	−0.182%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1395	−0.165%	$402K	$778K	20x
Pacifica TRUMP	+0.0100%	1h	2.1418	−0.056%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	−0.233%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	−0.140%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	−0.187%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	−0.140%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1430	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1430	0.000%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1429	−0.007%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	−0.187%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0322%	1h	2.1419	−0.051%	$379K	$415K	10x	as long as short