Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: SunX against gTrade (Gains Network)+0.046%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.046% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1900	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	38m 02s	$41K	—	150x
Short	SunX TRUMP-USDT	2.1910	0.0100	get 0.0050% / 4h	3h 38m	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $19.26
Price spread: +0.046% → 0.000%: $4.57
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.82
Costs to cover: 0.180%
Break-even: 4.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	32.02 bp	92.6 bp −$93	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1765%	1h	2.1690	−0.959%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.085%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0206%	4h	2.1880	−0.091%	$31.0M	$50.0M	50x	as long as short
SoDEX TRUMP-USD	−0.0189%	1h	2.1880	−0.091%	$93	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0059%	4h	2.1880	−0.091%	$61.9M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1879	−0.096%	$75K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.497%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.590%	$106K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1846	−0.246%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1898	−0.009%	$412K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1900	long leg	$41K	—	150x
Gate TRUMP_USDT	+0.0016%	4h	2.1880	−0.091%	$7.9M	$51.4M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.091%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0035%	8h	2.1842	−0.264%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1875	−0.114%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1884	−0.073%	$969K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1905	+0.023%	$13.9M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1889	−0.051%	$429K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1841	−0.269%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	−0.046%	$28.0M	$180.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	−0.046%	$411K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	−0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	0.000%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	−0.407%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1910	+0.046%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1910	+0.046%	$498K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1912	+0.055%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1899	−0.005%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0181%	4h	2.1800	−0.457%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0365%	1h	2.1922	+0.100%	$345K	$375K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.274%	$282K	$278K	50x	as long as short