Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against SunX−0.258%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2512.510% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.226%−$23 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.258%, 7d avg −0.106%

Together, before fees−0.108%−$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: Binance is 0.152% cheaper against SunX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1830	0.0100	pay 0.0050% / 4h	1h 30m	$2K	$1.5M	50x
Short	Binance TRUMPUSDT	2.1774	0.0100	get 0.0050% / 4h	1h 30m	$62.0M	$218.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.258%Rate

Funding earned: $0
Price spread: −0.258% → −0.106%: −$15.22
Slippage, 4 orders: −$233.04
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$266.26
Costs to cover: 2.510%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago	68.68 bp	101.2 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.28 bp	7.3 bp −$7	11.0 bp −$110	36.4 bp −$3,638	171.5 bp −$85.7K

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	−0.1472%	1h	2.1810	−0.092%	$32K	$147K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	−0.127%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1787	−0.195%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1788	−0.192%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1807	−0.107%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	+0.079%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1780	−0.229%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.1774	−0.257%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1768	−0.284%	$969K	$675K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1796	−0.156%	$14.0M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1789	−0.188%	$454K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1779	−0.232%	$188K	$59K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1774	−0.258%	$62.0M	$218.6M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1780	−0.229%	$30.3M	$43.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.229%	$26.7M	$149.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1770	−0.275%	$7.3M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	−0.275%	$478K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	−0.229%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1780	−0.229%	$15.4M	$20.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	+0.103%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.137%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1830	long leg	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1786	−0.202%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	−0.137%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1781	−0.223%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1793	−0.172%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1801	−0.132%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	−0.092%	$4.2M	$513K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0351%	1h	2.1811	−0.087%	$260K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.137%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0524%	1h	2.1809	−0.095%	$1.3M	$2.5M	50x	as long as short