Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.036%

Price spread now: dYdX against SunX−0.400%7-day average — · you buy dearer than you sell

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

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.400% cheaper against SunX than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1700	0.0100	pay 0.0050% / 4h	2h 55m	$2K	$1.5M	50x
Short	dYdX TRUMP-USD	2.1613	−0.0022	pay 0.0003% / 1h	55m 28s	$26K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.400%Rate

Funding earned: −$25.67
Price spread: −0.400% → 0.000%: −$39.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$83.63
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; dYdX: no order-book sample. 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, 9 min ago	32.11 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 32 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	−0.1841%	1h	2.1600	−0.461%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0340%	1h	2.1665	−0.161%	$67	$6K	5x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1661	−0.181%	$672K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0297%	4h	2.1520	−0.829%	$31.1M	$50.5M	50x	as long as short
Lighter TRUMP	−0.0296%	1h	2.1585	−0.530%	$938K	$968K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0258%	4h	2.1520	−0.829%	$27.2M	$179.8M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0257%	1h	2.1675	−0.115%	$389K	$73K	10x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1539	−0.744%	$77K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0246%	4h	2.1523	−0.814%	$63.0M	$244.3M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1530	−0.781%	$5	—	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	−0.092%	$142K	$513K	50x	as long as short
Gate TRUMP_USDT	−0.0174%	4h	2.1560	−0.645%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0147%	8h	2.1550	−0.693%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0122%	4h	2.1662	−0.174%	$106K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0078%	4h	2.1680	−0.092%	$5K	$322K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0058%	4h	2.1600	−0.461%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USDshort	−0.0022%	1h	2.1613	−0.400%	$26K	$2K	5x
Bitget TRUMPUSDT	−0.0008%	4h	2.1520	−0.829%	$15.2M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	−0.0007%	4h	2.1740	+0.184%	$4.3M	$693K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.294%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1696	−0.019%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1665	−0.161%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0042%	4h	2.1550	−0.691%	$400K	$147K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0096%	4h	2.1689	−0.049%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1554	−0.673%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1554	−0.673%	$409K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1585	−0.530%	$186K	$54K	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1700	long leg	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1680	−0.092%	$502K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1670	−0.138%	$3K	$38K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1687	−0.062%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0240%	1h	2.1685	−0.069%	$386K	$410K	10x	as long as short