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: Bitget against SunX−0.139%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1841.842% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.139%, 7d avg −0.097%

Together, before fees−0.114%−$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: Bitget is 0.042% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1580	0.0100	pay 0.0050% / 4h	3h 58m	$2K	$1.6M	50x
Short	Bitget TRUMPUSDT	2.1550	0.0100	get 0.0050% / 4h	3h 58m	$15.5M	$25.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.097%: −$4.18
Slippage, 4 orders: −$164.18
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$188.35
Costs to cover: 1.842%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Bitget: live order book, 5 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, 6 min ago	32.63 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.66 bp	10.7 bp −$11	13.8 bp −$138	43.8 bp −$4,381	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	2.1490	−0.417%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0405%	1h	2.1550	−0.139%	$94	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1562	−0.086%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0044%	4h	2.1550	−0.139%	$7.6M	$50.3M	75x	as long as short
Binance TRUMPUSDT	−0.0025%	4h	2.1560	−0.093%	$60.6M	$242.9M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1544	−0.166%	$74K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0021%	4h	2.1561	−0.087%	$666K	$488K	—	as long as short
edgeX TRUMPUSDC	−0.0011%	4h	2.1551	−0.134%	$105K	$265K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1586	+0.026%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1574	−0.027%	$41K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0016%	1h	2.1548	−0.148%	$953K	$958K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0038%	8h	2.1576	−0.019%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1550	−0.139%	$4K	$186K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1547	−0.152%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1562	−0.083%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1575	−0.022%	$423K	$793K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1575	−0.024%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1560	−0.093%	$30.5M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1550	−0.139%	$27.3M	$174.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	−0.139%	$405K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1570	−0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1550	−0.139%	$15.5M	$25.6M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	−0.371%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1580	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.093%	$505K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1570	−0.044%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1582	+0.011%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0215%	4h	2.1550	−0.139%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0325%	1h	2.1575	−0.023%	$342K	$368K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.278%	$278K	$275K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	+0.3274%	1h	2.1645	+0.301%	$407K	$72K	10x	as long as short