Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin−0.046%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1901.902% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.046%, 7d avg +0.079%

Together, before fees+0.273%+$27 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 0.125% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1910	0.0100	pay 0.0050% / 4h	3h 36m	$4.3M	$11.1M	50x
Short	SunX TRUMP-USDT	2.1900	0.0100	get 0.0050% / 4h	3h 36m	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.079%: −$12.47
Slippage, 4 orders: −$170.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$202.64
Costs to cover: 1.902%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 8 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 KuCoin live order book, 2 min ago	4.57 bp	19.9 bp −$20	99.4 bp −$994	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	32.02 bp	92.6 bp −$93	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	−0.1765%	1h	2.1690	−1.004%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1881	−0.130%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0182%	1h	2.1895	−0.068%	$93	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0101%	4h	2.1880	−0.137%	$31.1M	$50.1M	50x	as long as short
Extended TRUMP-USD	−0.0064%	1h	2.1861	−0.222%	$75K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0060%	4h	2.1874	−0.164%	$62.0M	$244.8M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.542%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0028%	4h	2.1794	−0.529%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	−0.108%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1905	−0.023%	$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/USD	L +0.0008% / S −0.0007%	1h	2.1907	−0.013%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.137%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1880	−0.137%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	+0.0058%	4h	2.1910	0.000%	$7.9M	$51.4M	75x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1880	−0.135%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1897	−0.059%	$970K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1927	+0.078%	$13.9M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1911	+0.004%	$429K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1887	−0.104%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	−0.228%	$28.0M	$179.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	−0.046%	$411K	$149K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1910	long leg	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	−0.091%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1796	−0.519%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1900	−0.046%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.091%	$499K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1925	+0.066%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1909	−0.006%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0180%	4h	2.1870	−0.183%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0373%	1h	2.1939	+0.132%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.319%	$282K	$278K	50x	as long as short