Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against SunX+0.065%7-day average −0.023% · you sell dearer than you buy

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

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.065%, 7d avg −0.023%

Together, before fees−0.348%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.088% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1770	0.0100	pay 0.0050% / 4h	3h 48m	$2K	$1.6M	50x
Short	Kraken Futures PF_TRUMPUSD	2.1784	0.0172	get 0.0021% / 1h	48m 31s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.065%Rate

Funding earned: $15.07
Price spread: +0.065% → −0.023%: $8.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $5.88
Costs to cover: 0.180%
Break-even: 4.3 days

Slippage unknown: SunX: live order book, 7 min ago; Kraken Futures: live order book, 5 min ago. 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, 7 min ago	501.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.58 bp	20.6 bp −$21	47.4 bp −$474	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	−0.1765%	1h	2.1690	−0.367%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1851	+0.374%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1748	−0.101%	$409K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0033%	4h	2.1870	+0.459%	$61.7M	$243.6M	75x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1869	+0.455%	$75K	$722K	25x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	−0.113%	$106K	$264K	20x	as long as short
SoDEX TRUMP-USD	−0.0013%	1h	2.1755	−0.069%	$95	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1856	+0.396%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	−0.026%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	+0.051%	$676K	$514K	—	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	+0.0041%	4h	2.1740	−0.138%	$4K	$178K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0043%	8h	2.1847	+0.352%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1746	−0.112%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1820	+0.230%	$966K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1877	+0.492%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1845	+0.343%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1843	+0.335%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1870	+0.459%	$31.0M	$49.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	+0.413%	$27.8M	$178.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1860	+0.413%	$7.8M	$50.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	+0.459%	$411K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.367%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	+0.459%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.208%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1770	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.138%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1761	−0.042%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0172%	1h	2.1784	+0.065%	$1.3M	$2.2M	50x
BloFin TRUMP-USDT	+0.0207%	4h	2.1760	−0.046%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−1.148%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0461%	1h	2.1821	+0.234%	$343K	$375K	10x	as long as short