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 Bybit+0.045%7-day average +0.110% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.045%, 7d avg +0.110%

Together, before fees+0.233%+$23 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 0.065% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.2030	0.0100	pay 0.0050% / 4h	2h 57m	$31.2M	$47.0M	50x
Short	SunX TRUMP-USDT	2.2040	0.0100	get 0.0050% / 4h	2h 57m	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.110%: −$6.46
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.46
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; SunX: live order book, 8 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 Bybit live order book, 2 min ago	2.27 bp	7.8 bp −$8	19.8 bp −$198	134.6 bp −$13.5K	doesn't fit
Sell SunX live order book, 8 min ago	501.45 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	2.1960	−0.318%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0352%	1h	2.2058	+0.127%	$980K	$779K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2042	+0.052%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2066	+0.162%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2044	+0.064%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2045	+0.069%	$43K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0032%	1h	2.2016	−0.064%	$84	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2070	+0.180%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0080%	8h	2.2077	+0.211%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0091%	4h	2.2040	+0.045%	$3K	$247K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2078	+0.218%	$14.4M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2112	+0.370%	$438K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2056	+0.118%	$191K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2040	+0.045%	$63.6M	$231.7M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.2030	long leg	$31.2M	$47.0M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2020	−0.045%	$28.6M	$164.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2040	+0.045%	$7.8M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2050	+0.091%	$470K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2050	+0.091%	$4.1M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2040	+0.045%	$15.8M	$23.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	+0.096%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2070	+0.182%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.2040	+0.045%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.2120	+0.409%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2020	−0.047%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2027	−0.015%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.2070	+0.182%	$261K	$312K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2039	+0.040%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2100	+0.318%	$4.3M	$672K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2045	+0.070%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+0.908%	$292K	$286K	50x	as long as short