Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Phemex against SunX−0.046%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2562.564% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.046% cheaper against SunX than usual: you would sell low and buy high, −$5 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	2.1580	0.0100	pay 0.0050% / 4h	2h 17m	$2K	$1.5M	50x
Short	Phemex TRUMPUSDT	2.1570	0.0100	get 0.0050% / 4h	2h 17m	$92K	$244K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → 0.000%: −$4.63
Slippage, 4 orders: −$236.44
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$261.07
Costs to cover: 2.564%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Phemex: live order book, 18 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	32.41 bp	62.7 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 18 min ago	6.99 bp	48.9 bp −$49	doesn't fit	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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	−0.1841%	1h	2.1600	+0.093%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0390%	4h	2.1541	−0.183%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0353%	4h	2.1560	−0.093%	$31.4M	$49.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0337%	4h	2.1540	−0.185%	$27.3M	$177.4M	50x	as long as short
SoDEX TRUMP-USD	−0.0327%	1h	2.1570	−0.046%	$67	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0298%	4h	2.1560	−0.093%	$63.3M	$242.1M	75x	as long as short
Extended TRUMP-USD	−0.0296%	1h	2.1549	−0.145%	$74K	$494K	25x	as long as short
Lighter TRUMP	−0.0272%	1h	2.1555	−0.116%	$932K	$979K	10x	as long as short
Gate TRUMP_USDT	−0.0264%	4h	2.1550	−0.139%	$7.8M	$48.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1570	−0.044%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.278%	$133K	$516K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0222%	8h	2.1537	−0.200%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0149%	4h	2.1552	−0.132%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0122%	4h	2.1560	−0.093%	$4.2M	$10.3M	50x	as long as short
MEXC TRUMP_USDC	−0.0084%	4h	2.1550	−0.139%	$393K	$151K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0079%	4h	2.1580	0.000%	$5K	$312K	10x	as long as short
BloFin TRUMP-USDT	−0.0058%	4h	2.1510	−0.324%	$4.3M	$679K	75x	as long as short
Bitget TRUMPUSDT	−0.0020%	4h	2.1580	0.000%	$15.4M	$25.7M	75x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1576	−0.020%	$26K	$3K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1585	+0.023%	$387K	$78K	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1559	−0.097%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1544	−0.167%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1605	+0.117%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0020%	4h	2.1545	−0.162%	$178K	$4.2M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1581	+0.005%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1580	0.000%	$407K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1535	−0.209%	$185K	$54K	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1580	long leg	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1580	0.000%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDTshort	+0.0100%	4h	2.1570	−0.046%	$92K	$244K	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0187% / S −0.0181%	1h	2.1548	−0.149%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0220%	1h	2.1598	+0.083%	$386K	$404K	10x	as long as short