Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0062%/8hnext payment +$0.31 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.139%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1881.879% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.139%, 7d avg +0.097%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1510	0.0038	pay 0.0019% / 4h	23m 01s	$7.4M	$44.7M	75x
Short	SunX TRUMP-USDT	2.1540	0.0100	get 0.0050% / 4h	23m 01s	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $13.02
Price spread: +0.139% → +0.097%: $4.24
Slippage, 4 orders: −$164.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$170.64
Costs to cover: 1.879%
Break-even: 98.7 days

Slippage from Gate: live order book, 10 min ago; SunX: live order book, 6 min ago.

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 Gate live order book, 10 min ago	2.34 bp	12.2 bp −$12	30.7 bp −$307	67.9 bp −$6,793	doesn't fit
Sell SunX live order book, 6 min ago	32.66 bp	97.2 bp −$97	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	−0.1937%	1h	2.1380	−0.604%	$12K	$115K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0394%	1h	2.1525	+0.071%	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0360%	1h	2.1505	−0.023%	$963K	$585K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1490	−0.093%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0115%	1h	2.1505	−0.023%	$77	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0023%	1h	2.1510	0.000%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1523	+0.060%	$403K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.023%	$41K	—	150x	as long as short
MEXC TRUMP_USDC	+0.0018%	4h	2.1500	−0.046%	$472K	$135K	125x	as long as short
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1491	−0.088%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0031%	4h	2.1467	−0.198%	$117K	$242K	20x	as long as short
Gate TRUMP_USDTlong	+0.0038%	4h	2.1510	long leg	$7.4M	$44.7M	75x
Extended TRUMP-USD	+0.0056%	1h	2.1514	+0.017%	$74K	$472K	25x	as long as short
Binance TRUMPUSDT	+0.0059%	4h	2.1523	+0.058%	$61.7M	$209.3M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.1500	−0.046%	$3K	$249K	10x	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1501	−0.044%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1528	+0.084%	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1520	+0.048%	$433K	$824K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1498	−0.056%	$185K	$65K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1510	0.000%	$30.0M	$40.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1520	+0.046%	$26.6M	$143.4M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	+0.046%	$4.4M	$9.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	+0.046%	$15.2M	$19.9M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1533	+0.107%	$254K	$265K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1425	−0.396%	$666K	$231K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.139%	$191K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1540	+0.139%	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.093%	$500K	$1.6M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	2.1513	+0.015%	$11K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0237%	4h	2.1510	0.000%	$4.2M	$474K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0280%	1h	2.1570	+0.279%	$277K	$397K	50x	as long as short