TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRnext payment −$0.63 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−0.139%56s7-day average −0.101% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.139%, 7d avg −0.101%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.039% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.101%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1510	0.0100	pay 0.0050% / 4h	1h 18m	$2K	$1.6M	50x
Short	Bybit TRUMPUSDT	2.1480	−0.0025	pay 0.0013% / 4h	1h 18m	$30.5M	$52.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$26.34
Price spread: −0.139% → −0.101%: −$3.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.2
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Bybit: live order book, 5 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 SunX live order book, 7 min ago	502.56 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.33 bp	7.8 bp −$8	15.5 bp −$155	89.0 bp −$8,901	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	−0.1927%	1h	2.1350	−0.744%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	−0.132%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1480	−0.141%	$74K	$519K	25x	as long as short
Binance TRUMPUSDT	−0.0173%	4h	2.1490	−0.093%	$60.7M	$252.2M	75x	as long as short
Variational Omni TRUMP	−0.0140%	4h	2.1451	−0.273%	$661K	$424K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1504	−0.026%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1464	−0.215%	$105K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0088%	4h	2.1480	−0.139%	$26.6M	$185.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0057%	4h	2.1480	−0.139%	$5K	$249K	10x	as long as short
Gate TRUMP_USDT	−0.0046%	4h	2.1490	−0.093%	$7.7M	$53.8M	75x	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	−0.0031%	8h	2.1483	−0.126%	$5K	$175	5x	as long as short
Bybit TRUMPUSDTshort	−0.0025%	4h	2.1480	−0.139%	$30.5M	$52.6M	50x
SoDEX TRUMP-USD	−0.0002%	1h	2.1480	−0.139%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1492	−0.085%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1489	−0.098%	$405K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	−0.160%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1471	−0.179%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0063%	4h	2.1470	−0.186%	$4.1M	$702K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1482	−0.130%	$939K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.005%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	−0.055%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	−0.079%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.139%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.093%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.093%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1477	−0.156%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1510	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1500	−0.046%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1491	−0.089%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1490	−0.093%	$187K	$445K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0417%	1h	2.1513	+0.014%	$381K	$417K	10x	as long as short