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: KuCoin against SunX−0.090%54s7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1851.851% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.090%, 7d avg −0.085%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.2140	0.0100	pay 0.0050% / 4h	3h 25m	$2K	$1.5M	50x
Short	KuCoin TRUMPUSDTM	2.2120	0.0100	get 0.0050% / 4h	3h 25m	$4.4M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.085%: −$0.54
Slippage, 4 orders: −$165.1
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$185.64
Costs to cover: 1.851%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; KuCoin: 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	31.79 bp	61.6 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.27 bp	14.5 bp −$15	68.7 bp −$687	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	2.1910	−1.039%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2117	−0.106%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	−0.217%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2121	−0.086%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2106	−0.154%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2029	−0.502%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2106	−0.154%	$982K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2100	−0.181%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2104	−0.165%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2117	−0.103%	$460K	$836K	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	2.2120	−0.092%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2120	−0.090%	$63.2M	$222.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2110	−0.136%	$31.0M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2120	−0.090%	$27.4M	$154.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2110	−0.136%	$7.6M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2110	−0.136%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.2120	−0.090%	$4.4M	$10.5M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.2130	−0.045%	$16.2M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.175%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2052	−0.396%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.2140	long leg	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2117	−0.104%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	0.000%	$559K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2100	−0.180%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2105	−0.158%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0164%	1h	2.2148	+0.036%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2110	−0.134%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.497%	$4.2M	$627K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0450%	1h	2.2135	−0.023%	$259K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.581%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0778%	1h	2.2139	−0.004%	$1.3M	$2.5M	50x	as long as short