Settings8H · net · $10k
Funding arb · Price arb /

TRUMP

all TRUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0289%/8h= +31.6% APRnext payment +$1.44 per $10,000 · paid last 24h +0.008%
Price spread now: SunX against Binance+0.272%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1771.772% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.225%+$22 on $10k
Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.272%, 7d avg +0.097%
Together, before fees+0.077%+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and SunX is 0.175% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.097%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TRUMPUSDT2.1491−0.0189get 0.0094% / 4h7m 54s$60.8M$249.6M75x
ShortSunX TRUMP-USDT2.15500.0100get 0.0050% / 4h7m 54s$2K$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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

Funding earned
$60.67
Price spread: +0.272% → +0.097%
$17.51
Slippage, 4 orders
−$159.16
Fee Binance: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$98.97
Costs to cover
1.772%
Break-even
18.4 days
Slippage from Binance: live order book, 6 min ago; SunX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago2.33 bp7.3 bp −$714.4 bp −$14441.6 bp −$4,163322.9 bp −$161.4K
Sell SunX live order book, 7 min ago32.56 bp96.9 bp −$97doesn't fitdoesn't fitdoesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.1797%1h2.1380−0.519%$12K$157K12xas long as short
SoDEX TRUMP-USD−0.0357%1h2.1515+0.110%$76$6K5xas long as short
Reya TRUMPRUSDPERP−0.0245%1h2.1512+0.098%$510xas long as short
Variational Omni TRUMP−0.0243%4h2.1482−0.043%$663K$423Kas long as short
Deribit TRUMP_USDC-PERPETUAL−0.0214%1h2.1534+0.198%$406K$81K10xas long as short
Extended TRUMP-USD−0.0192%1h2.1500+0.040%$74K$496K25xas long as short
OKX TRUMP-USDT-SWAP−0.0191%4h2.1490−0.007%$26.8M$184.2M50xas long as short
Bybit TRUMPUSDT−0.0189%4h2.1490−0.007%$30.5M$52.3M50xas long as short
Binance TRUMPUSDTlong−0.0189%4h2.1491long leg$60.8M$249.6M75x
Lighter TRUMP−0.0176%1h2.1518+0.123%$941K$1.0M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex TRUMP-USD-PERP−0.0104%8h2.1531+0.183%$5K$1755xas long as short
Gate TRUMP_USDT−0.0100%4h2.1510+0.086%$7.7M$53.4M75xas long as short
edgeX TRUMPUSDC−0.0094%4h2.1479−0.056%$105K$252K20xas long as short
Orderly PERP_TRUMP_USDC−0.0072%4h2.1520+0.133%$5K$278K10xas long as short
dYdX TRUMP-USD−0.0004%1h2.1552+0.282%$27K$5015xas long as short
gTrade (Gains Network) TRUMP/USDL +0.0008% / S −0.0007%1h2.1546+0.253%$41K150xas long as short
KuCoin TRUMPUSDTM+0.0020%4h2.1520+0.133%$4.1M$10.8M50xas long as short
Aevo TRUMP-PERP+0.0032%1h2.1510+0.086%$19K3xas long as short
BloFin TRUMP-USDT+0.0052%4h2.1550+0.272%$4.2M$690K75xas long as short
Coinbase International TRUMP-PERP-INTX+0.0056%1h2.1330−0.751%$167K$479K50xas long as short
Bitget TRUMPUSDT+0.0078%4h2.1520+0.133%$15.3M$26.9M75xas long as short
Hyperliquid TRUMP+0.0100%1h2.1510+0.086%$13.6M$8.1M10xas long as short
Aster TRUMPUSDT+0.0100%4h2.1524+0.149%$404K$776K20xas long as short
Pacifica TRUMP+0.0100%1h2.1551+0.275%$185K$54K10xas long as short
MEXC TRUMP_USDC+0.0100%4h2.1510+0.086%$399K$149K125xas long as short
GRVT TRUMP_USDT_Perp+0.0100%4h2.1497+0.024%$179K$4.4M10xas long as short
SunX TRUMP-USDTshort+0.0100%4h2.1550+0.272%$2K$1.6M50x
HTX TRUMP-USDT+0.0100%4h2.1540+0.226%$495K$2.5M50xas long as short
GMX TRUMP/USD [ETH-USDC]L +0.0136% / S −0.0098%1h2.1540+0.226%$9K100xas long as short
Backpack TRUMP_USDC_PERP+0.0303%1h2.1550+0.272%$384K$418K10xas long as short
Kraken Futures PF_TRUMPUSD+0.0597%1h2.1545+0.250%$1.3M$2.3M50xas long as short