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: OKX against SunX+0.046%47s7-day average −0.123% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.046%, 7d avg −0.123%

Together, before fees−0.226%−$23 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: OKX is 0.169% dearer against SunX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.123%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1790	0.0100	pay 0.0050% / 4h	3h 54m	$2K	$1.6M	50x
Short	OKX TRUMP-USDT-SWAP	2.1800	0.0100	get 0.0050% / 4h	3h 54m	$27.0M	$152.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.123%: $16.9
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1.1
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; OKX: 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, 10 min ago	502.51 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.29 bp	10.1 bp −$10	14.9 bp −$149	52.9 bp −$5,291	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	2.1730	−0.275%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	+0.054%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1790	0.000%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1761	−0.133%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1806	+0.074%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1825	+0.159%	$119K	$249K	20x	as long as short
Gate TRUMP_USDT	+0.0070%	4h	2.1800	+0.046%	$7.4M	$46.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1750	−0.184%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1793	+0.014%	$977K	$706K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1811	+0.095%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1805	+0.070%	$454K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1801	+0.049%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1826	+0.164%	$62.7M	$227.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	+0.092%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1800	+0.046%	$27.0M	$152.8M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	+0.092%	$473K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.092%	$4.0M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1810	+0.092%	$15.4M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1832	+0.193%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1816	+0.121%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1790	long leg	$2K	$1.6M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1765	−0.115%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1820	+0.138%	$551K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1821	+0.142%	$75K	$463K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1774	−0.072%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0190%	1h	2.1832	+0.193%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1770	−0.092%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1780	−0.046%	$4.2M	$629K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0425%	1h	2.1798	+0.037%	$255K	$285K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+1.239%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0791%	1h	2.1793	+0.015%	$1.3M	$2.5M	50x	as long as short