Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against SunX−0.062%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1781.780% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.062%, 7d avg −0.112%

Together, before fees−0.216%+ Points / potential airdropGRVT: Active · farm board−$22 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: GRVT is 0.050% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1800	0.0100	pay 0.0050% / 4h	1h 32m	$2K	$1.6M	50x
Short	GRVT TRUMP_USDT_Perp	2.1786	0.0100	get 0.0050% / 4h	1h 32m	$178K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.112%: $5
Slippage, 4 orders: −$160.98
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$172.99
Costs to cover: 1.780%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; GRVT: live order book, 2 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, 13 min ago	32.15 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.30 bp	15.9 bp −$16	40.2 bp −$402	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	−0.1659%	1h	2.1620	−0.826%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1801	+0.006%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0084%	4h	2.1810	+0.046%	$7.7M	$49.8M	75x	as long as short
Lighter TRUMP	−0.0056%	1h	2.1794	−0.028%	$971K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1800	0.000%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1784	−0.073%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1814	+0.063%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0037%	1h	2.1785	−0.069%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1811	+0.049%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1743	−0.262%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0077%	4h	2.1780	−0.092%	$4K	$239K	10x	as long as short
Bybit TRUMPUSDT	+0.0084%	4h	2.1810	+0.046%	$31.1M	$48.3M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1831	+0.142%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1818	+0.084%	$431K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1812	+0.056%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1820	+0.092%	$63.2M	$237.1M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	+0.046%	$27.5M	$170.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	0.000%	$428K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	+0.138%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.138%	$15.6M	$25.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1731	−0.318%	$681K	$453K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1786	−0.062%	$178K	$4.5M	10x
SunX TRUMP-USDTlong	+0.0100%	4h	2.1800	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1800	0.000%	$534K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1794	−0.029%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1763	−0.168%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0113%	1h	2.1818	+0.083%	$255K	$318K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1815	+0.068%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1812	+0.056%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1780	−0.092%	$4.3M	$659K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.688%	$280K	$297K	50x	as long as short