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: SunX against Bitget+0.136%7-day average +0.101% · you sell dearer than you buy

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.136%, 7d avg +0.101%

Together, before fees+0.109%+$11 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 0.036% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1980	0.0100	pay 0.0050% / 4h	2h 38m	$15.7M	$24.2M	75x
Short	SunX TRUMP-USDT	2.2010	0.0100	get 0.0050% / 4h	2h 38m	$1K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.101%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; SunX: live order book, 7 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 Bitget live order book, 1 min ago	2.27 bp	9.1 bp −$9	15.1 bp −$151	57.5 bp −$5,747	doesn't fit
Sell SunX live order book, 7 min ago	500.68 bp	doesn't fit	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	−0.1623%	1h	2.1980	0.000%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2027	+0.212%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0023%	1h	2.1974	−0.027%	$414K	$80K	10x	as long as short
Gate TRUMP_USDT	−0.0018%	4h	2.1960	−0.091%	$7.8M	$48.8M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	+0.344%	$28K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1995	+0.068%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+1.211%	$108K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2044	+0.290%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1980	0.000%	$3K	$237K	10x	as long as short
SoDEX TRUMP-USD	+0.0094%	1h	2.1958	−0.100%	$80	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.1958	−0.100%	$976K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2013	+0.150%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1980	0.000%	$435K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2050	+0.318%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2018	+0.171%	$63.9M	$236.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	+0.136%	$31.5M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2000	+0.091%	$28.8M	$169.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1940	−0.182%	$437K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1960	−0.091%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1980	long leg	$15.7M	$24.2M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.417%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2068	+0.400%	$181K	$4.7M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2010	+0.136%	$1K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.2010	+0.136%	$564K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1960	−0.092%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1917	−0.285%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.1991	+0.050%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	2.1984	+0.018%	$257K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+1.137%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1979	−0.006%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.546%	$286K	$307K	50x	as long as short