Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against SunX−0.045%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1941.937% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.045%, 7d avg −0.097%

Together, before fees−0.148%−$15 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: Gate is 0.052% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.2220	0.0100	pay 0.0050% / 4h	3h 03m	$2K	$1.5M	50x
Short	Gate TRUMP_USDT	2.2210	0.0100	get 0.0050% / 4h	3h 03m	$7.9M	$49.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.097%: $5.23
Slippage, 4 orders: −$170.7
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$188.47
Costs to cover: 1.937%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Gate: live order book, 1 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 SunX live order book, 12 min ago	35.40 bp	67.7 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.26 bp	14.8 bp −$15	30.1 bp −$301	72.1 bp −$7,212	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	−0.1608%	1h	2.2180	−0.180%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2171	−0.219%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2200	−0.090%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2212	−0.036%	$417K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2200	−0.090%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2432	+0.954%	$109K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0085%	8h	2.2185	−0.157%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2200	−0.090%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2180	−0.180%	$983K	$783K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2200	−0.090%	$463K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2200	−0.091%	$193K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2221	+0.003%	$64.3M	$229.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2220	0.000%	$31.5M	$46.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2230	+0.045%	$28.9M	$163.8M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.2210	−0.045%	$7.9M	$49.2M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2190	−0.135%	$478K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2190	−0.135%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2240	+0.090%	$16.1M	$22.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	+0.454%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.689%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.2220	long leg	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.2200	−0.090%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2280	+0.270%	$578K	$1.9M	50x	as long as short
Hyperliquid TRUMP	+0.0101%	1h	2.2235	+0.068%	$14.4M	$6.6M	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2230	+0.045%	$79K	$600K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2238	+0.083%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2196	−0.106%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2210	−0.045%	$4.3M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0448%	1h	2.2234	+0.063%	$260K	$302K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2210	−0.045%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0776%	1h	2.2217	−0.012%	$1.3M	$2.6M	50x	as long as short