Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.004%

Price spread now: Paradex against SunX−0.128%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.128% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

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	3h 52m	$1K	$1.6M	50x
Short	Paradex TRUMP-USD-PERP	2.1772	0.0098	get 0.0098% / 8h	7h 52m	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$0.4
Price spread: −0.128% → 0.000%: −$12.78
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.18
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 12 min ago; Paradex: no order-book sample. 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, 12 min ago	502.51 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.1710	−0.413%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	+0.008%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1797	−0.016%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1807	+0.032%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1806	+0.027%	$41K	—	150x	as long as short
Gate TRUMP_USDT	+0.0022%	4h	2.1790	−0.046%	$7.4M	$46.6M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1825	+0.113%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1800	0.000%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1797	−0.014%	$976K	$707K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0098%	8h	2.1772	−0.128%	$5K	—	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1809	+0.043%	$454K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1785	−0.068%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1800	+0.001%	$62.5M	$227.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	0.000%	$30.5M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.046%	$27.0M	$152.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	0.000%	$472K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	0.000%	$4.0M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	0.000%	$15.4M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1832	+0.147%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1816	+0.075%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1800	long leg	$1K	$1.6M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1797	−0.014%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1820	+0.092%	$552K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1790	−0.045%	$81K	$470K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1807	+0.032%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0177%	1h	2.1832	+0.147%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1810	+0.046%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	+0.046%	$4.2M	$630K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0440%	1h	2.1827	+0.124%	$255K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+1.193%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0790%	1h	2.1824	+0.111%	$1.3M	$2.5M	50x	as long as short