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 0.000%

Price spread now: Bybit against SunX−0.091%46s7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1771.766% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now −0.091%, 7d avg −0.111%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1890	0.0100	pay 0.0050% / 4h	2h 25m	$2K	$1.5M	50x
Short	Bybit TRUMPUSDT	2.1870	0.0100	get 0.0050% / 4h	2h 25m	$30.4M	$42.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.111%: $1.94
Slippage, 4 orders: −$157.64
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$174.7
Costs to cover: 1.766%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago	32.05 bp	62.1 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.30 bp	9.8 bp −$10	22.1 bp −$221	179.8 bp −$18.0K	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	−0.1787%	1h	2.1640	−1.142%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1834	−0.255%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1883	−0.030%	$1.1M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1859	−0.140%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1879	−0.050%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1865	−0.114%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1857	−0.151%	$974K	$659K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1803	−0.396%	$119K	$247K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0075%	8h	2.1856	−0.153%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1870	−0.091%	$3K	$249K	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	2.1874	−0.074%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1874	−0.071%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1860	−0.137%	$62.2M	$215.4M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1870	−0.091%	$30.4M	$42.1M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	−0.137%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	−0.091%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1850	−0.183%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	−0.091%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	−0.091%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.713%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1830	−0.274%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1890	long leg	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1865	−0.114%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	−0.091%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1853	−0.170%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1860	−0.137%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0139%	1h	2.1887	−0.014%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1897	+0.032%	$259K	$261K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1862	−0.128%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1850	−0.183%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	−0.411%	$4.1M	$494K	75x	as long as short