Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.035%

Price spread now: dYdX against SunX+0.118%7-day average — · you sell dearer than you buy

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

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.118% dearer against SunX than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1720	0.0100	pay 0.0050% / 4h	3h 27m	$2K	$1.6M	50x
Short	dYdX TRUMP-USD	2.1746	−0.0001	pay 0.0000% / 1h	27m 04s	$27K	$512	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$21.25
Price spread: +0.118% → 0.000%: $11.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$27.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; dYdX: no order-book sample. 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 SunX live order book, 8 min ago	32.01 bp	62.0 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1765%	1h	2.1660	−0.276%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERP	−0.0306%	8h	2.1702	−0.085%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0303%	1h	2.1697	−0.106%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0273%	1h	2.1695	−0.115%	$88	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1711	−0.041%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0112%	4h	2.1710	−0.046%	$7.8M	$51.5M	75x	as long as short
Binance TRUMPUSDT	−0.0083%	4h	2.1680	−0.184%	$61.4M	$245.4M	75x	as long as short
Extended TRUMP-USD	−0.0080%	1h	2.1679	−0.190%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0037%	4h	2.1799	+0.365%	$106K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0013%	4h	2.1871	+0.696%	$675K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USDshort	−0.0001%	1h	2.1746	+0.118%	$27K	$512	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.074%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0024%	4h	2.1700	−0.092%	$3K	$185K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1675	−0.206%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1690	−0.138%	$958K	$975K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	+0.322%	$179K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1711	−0.041%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1704	−0.073%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1719	−0.003%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1690	−0.138%	$30.7M	$50.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1690	−0.138%	$27.7M	$179.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1700	−0.092%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1710	−0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	−0.092%	$15.7M	$25.9M	75x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1720	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.046%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0157%	4h	2.1700	−0.092%	$4.2M	$679K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1707	−0.061%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1725	+0.024%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0265%	1h	2.1722	+0.009%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1890	+0.783%	$283K	$279K	50x	as long as short