Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against SunX+0.023%7-day average — · you sell dearer than you buy

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

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.023% dearer against SunX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.2040	0.0100	pay 0.0050% / 4h	2h 56m	$2K	$1.6M	50x
Short	gTrade (Gains Network) TRUMP/USD	2.2045	L +0.0008% / S −0.0007%	get 0.0001% / 1h	56m 36s	$43K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.023%Rate

Funding earned: −$19.53
Price spread: +0.023% → 0.000%: $2.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35.21
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; gTrade (Gains Network): 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, 8 min ago	501.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	−0.1623%	1h	2.1960	−0.363%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2042	+0.007%	$5	—	10x	as long as short
Lighter TRUMP	−0.0144%	1h	2.1950	−0.408%	$975K	$779K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1966	−0.335%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2044	+0.018%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.2045	+0.023%	$43K	—	150x
SoDEX TRUMP-USD	+0.0032%	1h	2.2016	−0.109%	$84	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2070	+0.135%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0080%	8h	2.1937	−0.466%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0091%	4h	2.2040	0.000%	$3K	$247K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1968	−0.325%	$14.3M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2000	−0.181%	$436K	$863K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1952	−0.401%	$190K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1944	−0.436%	$63.3M	$231.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	−0.590%	$31.1M	$47.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	−0.544%	$28.4M	$164.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1930	−0.499%	$7.8M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1950	−0.408%	$463K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1950	−0.408%	$4.1M	$10.9M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	−0.544%	$15.7M	$23.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	+0.051%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2070	+0.136%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.2040	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.2120	+0.363%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1915	−0.568%	$78K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2027	−0.061%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0206%	1h	2.2006	−0.154%	$257K	$313K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2039	−0.006%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2040	0.000%	$4.3M	$675K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2045	+0.025%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+0.862%	$292K	$286K	50x	as long as short