Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against SunX−0.311%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1851.846% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 3 days (all we have)+0.213%+$21 · spread now −0.311%, 7d avg −0.147%

Together, before fees−0.014%+ Points / potential airdropExtended: Active · farm board−$1 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: Extended is 0.165% cheaper against SunX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.2490	0.0100	pay 0.0050% / 4h	3h 07m	$2K	$1.5M	50x
Short	Extended TRUMP-USD	2.2420	0.0104	get 0.0013% / 1h	7m 53s	$80K	$601K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.311%Rate

Funding earned: $0.84
Price spread: −0.311% → −0.147%: −$16.48
Slippage, 4 orders: −$171.6
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$200.23
Costs to cover: 1.846%
Break-even: 1675.6 days

Slippage from SunX: live order book, 7 min ago; Extended: live order book, 65 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, 7 min ago	35.40 bp	67.7 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	6.88 bp	9.9 bp −$10	32.8 bp −$328	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	−0.1608%	1h	2.2390	−0.445%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2462	−0.126%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2476	−0.060%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2477	−0.058%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2495	+0.023%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2475	−0.068%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0090%	8h	2.2473	−0.075%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.2470	−0.089%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2449	−0.182%	$996K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2467	−0.103%	$469K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2479	−0.049%	$195K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2440	−0.222%	$64.8M	$227.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2430	−0.267%	$31.8M	$45.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2440	−0.222%	$28.4M	$162.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2430	−0.267%	$8.0M	$48.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2430	−0.267%	$484K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2440	−0.222%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2450	−0.178%	$16.3M	$22.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	−0.172%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2500	+0.044%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.2490	long leg	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2450	−0.178%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2510	+0.089%	$584K	$1.9M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.2420	−0.311%	$80K	$601K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2479	−0.050%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0114%	1h	2.2465	−0.111%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2498	+0.037%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2460	−0.133%	$4.3M	$680K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0465%	1h	2.2480	−0.044%	$263K	$301K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.178%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0767%	1h	2.2475	−0.068%	$1.3M	$2.6M	50x	as long as short