Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.028%

Price spread now: GMX against SunX−0.100%7-day average — · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.100% cheaper against SunX than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1600	0.0100	pay 0.0050% / 4h	22m 47s	$2K	$1.6M	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1578	L +0.0216% / S −0.0188%	get 0.0023% / 1h	22m 47s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $18.46
Price spread: −0.100% → 0.000%: −$9.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.5
Costs to cover: 0.200%
Break-even: 11.4 days

Slippage unknown: SunX: live order book, 12 min ago; GMX: 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, 12 min ago	503.73 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1690%	1h	2.1460	−0.648%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1561	−0.179%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0128%	1h	2.1575	−0.116%	$98	$6K	5x	as long as short
Lighter TRUMP	−0.0096%	1h	2.1580	−0.093%	$955K	$957K	10x	as long as short
Gate TRUMP_USDT	−0.0062%	4h	2.1570	−0.139%	$7.6M	$51.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1584	−0.074%	$406K	$72K	10x	as long as short
dYdX TRUMP-USD	−0.0003%	1h	2.1586	−0.066%	$27K	$512	5x	as long as short
Binance TRUMPUSDT	−0.0002%	4h	2.1580	−0.093%	$60.6M	$241.7M	75x	as long as short
Extended TRUMP-USD	0.0000%	1h	2.1569	−0.141%	$75K	$745K	25x	as long as short
edgeX TRUMPUSDC	+0.0002%	4h	2.1592	−0.039%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0003%	4h	2.1581	−0.088%	$666K	$488K	—	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1582	−0.083%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0024%	8h	2.1568	−0.149%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1570	−0.139%	$4K	$207K	10x	as long as short
Bybit TRUMPUSDT	+0.0074%	4h	2.1580	−0.093%	$30.6M	$49.5M	50x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1575	−0.116%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1560	−0.185%	$4.1M	$683K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1595	−0.023%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1591	−0.040%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1588	−0.056%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1570	−0.139%	$27.2M	$173.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	−0.093%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1580	−0.093%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	−0.093%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1604	+0.019%	$253K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1600	0.000%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1600	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.046%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1578	−0.100%	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1599	−0.005%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	−0.093%	$279K	$281K	50x	as long as short