Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: SunX against Extended+0.181%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1751.745% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.181%, 7d avg +0.147%

Together, before fees+0.144%+ Points / potential airdropExtended: Active · farm board+$14 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: SunX is 0.035% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1751	0.0104	pay 0.0013% / 1h	47m 07s	$75K	$516K	25x
Short	SunX TRUMP-USDT	2.1790	0.0100	get 0.0050% / 4h	3h 47m	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$0.84
Price spread: +0.181% → +0.147%: $3.47
Slippage, 4 orders: −$161.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$171.9
Costs to cover: 1.745%
Break-even: never at this rate

Slippage from Extended: live order book, 26 min ago; SunX: live order book, 8 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 Extended live order book, 26 min ago	6.88 bp	9.8 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	32.07 bp	92.8 bp −$93	doesn't fit	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	−0.1608%	1h	2.1640	−0.508%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1742	−0.041%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1765	+0.066%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1762	+0.053%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1770	+0.089%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1758	+0.036%	$118K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1770	+0.089%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1767	+0.076%	$973K	$715K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1747	−0.015%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1771	+0.094%	$453K	$836K	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	2.1758	+0.034%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1770	+0.089%	$62.3M	$227.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1770	+0.089%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	+0.089%	$26.9M	$152.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1770	+0.089%	$7.4M	$46.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	−0.002%	$471K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	+0.089%	$4.0M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.089%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1742	−0.041%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1770	+0.089%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1790	+0.181%	$2K	$1.6M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1755	+0.021%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.181%	$551K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1751	long leg	$75K	$516K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1755	+0.021%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1769	+0.087%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0220%	1h	2.1781	+0.140%	$14.1M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.002%	$4.2M	$625K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0395%	1h	2.1789	+0.177%	$258K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	+0.043%	$281K	$383K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0791%	1h	2.1790	+0.182%	$1.3M	$2.6M	50x	as long as short