Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: SunX against Deribit+0.129%7-day average +0.069% · you sell dearer than you buy

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

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$33 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.129%, 7d avg +0.069%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.060% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1752	0	get 0.0000% / 1h	47m 35s	$409K	$72K	10x
Short	SunX TRUMP-USDT	2.1780	0.0100	get 0.0050% / 4h	1h 47m	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.129%Rate

Funding earned: $21
Price spread: +0.129% → +0.069%: $6.01
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $12.01
Costs to cover: 0.150%
Break-even: 3.0 days

Slippage unknown: Deribit: live order book, 16 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 Deribit live order book, 16 min ago	6.82 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	502.51 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1659%	1h	2.1620	−0.607%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1746	−0.028%	$5	—	10x	as long as short
Lighter TRUMP	−0.0152%	1h	2.1739	−0.060%	$968K	$792K	10x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1740	−0.055%	$7.6M	$49.3M	75x	as long as short
SoDEX TRUMP-USD	−0.0034%	1h	2.1745	−0.032%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1756	+0.018%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1752	long leg	$409K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1754	+0.010%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0049%	8h	2.1737	−0.068%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.256%	$106K	$263K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0081%	4h	2.1740	−0.055%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1767	+0.069%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1750	−0.009%	$430K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1749	−0.014%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1741	−0.052%	$63.0M	$235.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	−0.101%	$31.1M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1720	−0.147%	$27.8M	$169.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	−0.101%	$427K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1750	−0.009%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1740	−0.055%	$15.6M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1771	+0.087%	$256K	$317K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.362%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1850	+0.451%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1780	+0.129%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.175%	$533K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1724	−0.127%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1735	−0.078%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1751	−0.003%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1784	+0.145%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	−0.193%	$281K	$300K	50x	as long as short