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 0.000%

Price spread now: HTX against SunX−0.046%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1921.919% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now −0.046%, 7d avg −0.001%

Together, before fees−0.065%−$6 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: HTX is 0.045% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1650	0.0100	pay 0.0050% / 4h	3h 03m	$2K	$1.6M	50x
Short	HTX TRUMP-USDT	2.1640	0.0100	get 0.0050% / 4h	3h 03m	$493K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.001%: −$4.48
Slippage, 4 orders: −$171.94
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$196.41
Costs to cover: 1.919%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; HTX: live order book, 5 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, 11 min ago	32.29 bp	62.5 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	2.31 bp	22.0 bp −$22	52.5 bp −$525	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	−0.1765%	1h	2.1490	−0.739%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0383%	1h	2.1605	−0.208%	$87	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1629	−0.098%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0238%	8h	2.1616	−0.157%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1617	−0.152%	$407K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1599	−0.234%	$77K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0159%	4h	2.1582	−0.312%	$61.0M	$246.3M	75x	as long as short
Bybit TRUMPUSDT	−0.0116%	4h	2.1580	−0.323%	$30.7M	$50.7M	50x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1620	−0.139%	$7.9M	$52.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.285%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0064%	1h	2.1600	−0.231%	$954K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0058%	4h	2.1621	−0.133%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	−0.110%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0003%	4h	2.1610	−0.185%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1625	−0.115%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0012%	4h	2.1626	−0.110%	$180K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1595	−0.254%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0061%	4h	2.1560	−0.416%	$27.7M	$179.1M	50x	as long as short
BloFin TRUMP-USDT	+0.0085%	4h	2.1610	−0.185%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1627	−0.106%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1596	−0.249%	$406K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1627	−0.106%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1610	−0.185%	$402K	$152K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	−0.185%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	−0.370%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1650	long leg	$2K	$1.6M	50x
HTX TRUMP-USDTshort	+0.0100%	4h	2.1640	−0.046%	$493K	$2.3M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1620	−0.137%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1635	−0.069%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0204%	1h	2.1644	−0.028%	$383K	$403K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1650	0.000%	$298K	$301K	50x	as long as short