TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.1% APRnext payment −$1.01 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against SunX0.000%7-day average −0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1891.887% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now 0.000%, 7d avg −0.090%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.090% dearer against SunX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.090%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.083% in total) that is about 7.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1380	0.0100	pay 0.0050% / 4h	1h 35m	$2K	$1.6M	50x
Short	Gate TRUMP_USDT	2.1380	−0.0102	pay 0.0051% / 4h	1h 35m	$7.7M	$53.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$42.42
Price spread: 0.000% → −0.090%: $8.97
Slippage, 4 orders: −$165.74
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$222.19
Costs to cover: 1.887%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Gate: 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	32.63 bp	65.8 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.34 bp	14.2 bp −$14	31.1 bp −$311	69.5 bp −$6,947	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	−0.1927%	1h	2.1280	−0.468%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1337	−0.203%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0216%	4h	2.1377	−0.013%	$60.3M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1365	−0.071%	$74K	$704K	25x	as long as short
Variational Omni TRUMP	−0.0157%	4h	2.1351	−0.134%	$659K	$424K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0125%	1h	2.1354	−0.122%	$402K	$81K	10x	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1373	−0.035%	$104K	$264K	20x	as long as short
Gate TRUMP_USDTshort	−0.0102%	4h	2.1380	0.000%	$7.7M	$53.6M	75x
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1387	+0.034%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0093%	4h	2.1370	−0.047%	$26.4M	$184.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0081%	4h	2.1370	−0.047%	$30.3M	$52.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0078%	1h	2.1349	−0.145%	$80	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0069%	8h	2.1368	−0.055%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1360	−0.094%	$5K	$243K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1356	−0.111%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1364	−0.075%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0024%	4h	2.1370	−0.047%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1340	−0.187%	$18K	—	3x	as long as short
Lighter TRUMP	+0.0080%	1h	2.1350	−0.140%	$943K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1375	−0.023%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1386	+0.029%	$401K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1381	+0.005%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1370	−0.047%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1370	−0.047%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	0.000%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	+0.094%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1380	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1380	0.000%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1359	−0.099%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	+0.047%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0311%	1h	2.1390	+0.047%	$379K	$415K	10x	as long as short