Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against SunX−0.275%7-day average −0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1671.669% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.275%, 7d avg −0.155%

Together, before fees−0.201%−$20 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: MEXC is 0.120% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1780	0.0100	pay 0.0050% / 4h	2h 05m	$2K	$1.5M	50x
Short	MEXC TRUMP_USDC	2.1720	0.0100	get 0.0050% / 4h	2h 05m	$477K	$135K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.275%Rate

Funding earned: $0
Price spread: −0.275% → −0.155%: −$12.02
Slippage, 4 orders: −$158.93
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$178.95
Costs to cover: 1.669%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; MEXC: live order book, 9 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, 10 min ago	31.95 bp	61.9 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	2.29 bp	2.3 bp −$2	16.6 bp −$166	124.2 bp −$12.4K	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	−0.1787%	1h	2.1730	−0.230%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1744	−0.165%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1765	−0.069%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1735	−0.207%	$408K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1768	−0.056%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1748	−0.149%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1842	+0.286%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1725	−0.253%	$966K	$664K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.1754	−0.119%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1730	−0.230%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1753	−0.124%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1752	−0.131%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1761	−0.088%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1732	−0.220%	$61.9M	$215.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	−0.230%	$30.3M	$42.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1730	−0.230%	$26.6M	$147.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1730	−0.230%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1720	−0.275%	$477K	$135K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1740	−0.184%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1740	−0.184%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	−0.073%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1821	+0.189%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1780	long leg	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1735	−0.207%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	−0.046%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1732	−0.218%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1723	−0.263%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0150%	1h	2.1755	−0.115%	$260K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1741	−0.180%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.367%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1730	−0.230%	$4.2M	$500K	75x	as long as short