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 +0.003%

Price spread now: SunX against MEXC−0.047%7-day average +0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1761.756% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 on $10k

Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.047%, 7d avg +0.142%

Together, before fees+0.511%+$51 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 0.189% cheaper against MEXC than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1480	0.0100	pay 0.0050% / 4h	2m 55s	$399K	$149K	125x
Short	SunX TRUMP-USDT	2.1470	0.0100	get 0.0050% / 4h	2m 55s	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.142%: −$18.88
Slippage, 4 orders: −$167.62
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$194.5
Costs to cover: 1.756%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; SunX: live order book, 12 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 MEXC live order book, 26 min ago	2.34 bp	6.5 bp −$7	28.4 bp −$284	137.5 bp −$13.8K	doesn't fit
Sell SunX live order book, 12 min ago	32.56 bp	96.9 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	−0.1797%	1h	2.1350	−0.605%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0403%	1h	2.1455	−0.116%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	+0.010%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.223%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0225%	4h	2.1480	0.000%	$30.5M	$52.2M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1466	−0.065%	$404K	$65K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0206%	4h	2.1480	0.000%	$26.8M	$183.8M	50x	as long as short
Binance TRUMPUSDT	−0.0200%	4h	2.1485	+0.021%	$60.7M	$249.5M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1470	−0.047%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1447	−0.154%	$937K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1450	−0.141%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1480	0.000%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1498	+0.084%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0078%	4h	2.1450	−0.140%	$5K	$284K	10x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1487	+0.033%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	−0.0002%	4h	2.1480	0.000%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1466	−0.067%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	−0.188%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1480	0.000%	$4.1M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1420	−0.279%	$167K	$480K	50x	as long as short
Bitget TRUMPUSDT	+0.0064%	4h	2.1480	0.000%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1496	+0.074%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1501	+0.099%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1470	−0.047%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1480	long leg	$399K	$149K	125x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	+0.101%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1470	−0.047%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1460	−0.093%	$493K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	−0.046%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0290%	1h	2.1502	+0.102%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1486	+0.026%	$1.3M	$2.3M	50x	as long as short