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 0.000%

Price spread now: SunX against Variational Omni−0.146%45s7-day average +0.094% · you buy dearer than you sell

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.116%+$12 on $10k

Price spread, last 3 days (all we have)+0.242%+$24 · spread now −0.146%, 7d avg +0.094%

Together, before fees+0.359%+ Points / potential airdropVariational Omni: Active · farm board+$36 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: SunX is 0.239% cheaper against Variational Omni than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.094%. The two prices were read 45 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	Variational Omni TRUMP	2.2142	0.0100	pay 0.0050% / 4h	42m 25s	$650K	$373K	—
Short	SunX TRUMP-USDT	2.2110	0.0100	get 0.0050% / 4h	42m 25s	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → +0.094%: −$23.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$31.92
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 37 min ago; SunX: live order book, 2 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 Variational Omni RFQ quote, 37 min ago	5.00 bp	doesn't fit	14.0 bp −$140	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	31.62 bp	91.5 bp −$91	doesn't fit	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	−0.1537%	1h	2.2030	−0.507%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2052	−0.406%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2083	−0.268%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2094	−0.218%	$414K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2056	−0.389%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2145	+0.011%	$121K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2100	−0.191%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2074	−0.308%	$990K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2052	−0.409%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2082	−0.270%	$460K	$835K	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	2.2078	−0.292%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2053	−0.401%	$63.7M	$223.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2060	−0.371%	$31.1M	$44.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2070	−0.326%	$27.2M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2060	−0.371%	$7.5M	$48.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2050	−0.417%	$483K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2060	−0.371%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2070	−0.326%	$15.9M	$21.4M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.2142	long leg	$650K	$373K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2130	−0.057%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2110	−0.146%	$2K	$1.6M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2080	−0.281%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	−0.010%	$566K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2051	−0.411%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2083	−0.266%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2052	−0.406%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0337%	1h	2.2083	−0.268%	$14.2M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2090	−0.236%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.442%	$287K	$397K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0546%	1h	2.2104	−0.173%	$260K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0865%	1h	2.2101	−0.186%	$1.3M	$2.5M	50x	as long as short