Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: SunX against gTrade (Gains Network)+0.167%54s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on SunX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.167% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1524	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	8m 31s	$41K	—	150x
Short	SunX TRUMP-USDT	2.1560	0.0100	get 0.0050% / 4h	8m 31s	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.167%Rate

Funding earned: $19.26
Price spread: +0.167% → 0.000%: $16.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $17.94
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 6 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 6 min ago	32.48 bp	93.3 bp −$93	doesn't fit	doesn't fit	doesn't fit

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	−0.1690%	1h	2.1420	−0.484%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1511	−0.059%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0097%	1h	2.1528	+0.018%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0042%	4h	2.1530	+0.027%	$7.6M	$51.1M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1509	−0.070%	$74K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0023%	4h	2.1512	−0.056%	$60.4M	$242.2M	75x	as long as short
Variational Omni TRUMP	−0.0011%	4h	2.1571	+0.218%	$666K	$488K	—	as long as short
Lighter TRUMP	−0.0008%	1h	2.1525	+0.004%	$952K	$957K	10x	as long as short
edgeX TRUMPUSDC	−0.0008%	4h	2.1571	+0.218%	$105K	$263K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1536	+0.056%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1539	+0.069%	$405K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1524	long leg	$41K	—	150x
Paradex TRUMP-USD-PERP	+0.0035%	8h	2.1515	−0.043%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1530	+0.027%	$4K	$200K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1520	−0.019%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1532	+0.037%	$13.6M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1542	+0.085%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1544	+0.092%	$185K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1500	−0.112%	$30.4M	$49.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1510	−0.066%	$27.2M	$173.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1510	−0.066%	$404K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	−0.019%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	−0.019%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1565	+0.190%	$343K	$366K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.074%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1560	+0.167%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1540	+0.074%	$503K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1521	−0.016%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0220%	4h	2.1540	+0.074%	$4.1M	$682K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1559	+0.161%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	+0.260%	$279K	$276K	50x	as long as short