Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.023%

Price spread now: SunX against SoDEX+0.187%7-day average — · you sell dearer than you buy

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

Long on SoDEX 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 +$12 a day on $10k at the current rate, and SunX is 0.187% dearer against SoDEX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1420	−0.0309	get 0.0039% / 1h	32m 51s	$78	$6K	5x
Short	SunX TRUMP-USDT	2.1460	0.0100	get 0.0050% / 4h	32m 51s	$2K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.187%Rate

Funding earned: $85.88
Price spread: +0.187% → 0.000%: $18.67
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: $88.55
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 12 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 SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 12 min ago	32.47 bp	93.9 bp −$94	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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	−0.1797%	1h	2.1300	−0.560%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDlong	−0.0309%	1h	2.1420	long leg	$78	$6K	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1421	+0.004%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1404	−0.075%	$936K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.136%	$660K	$423K	—	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1399	−0.097%	$76K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0172%	4h	2.1401	−0.089%	$60.5M	$251.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0168%	4h	2.1400	−0.093%	$26.6M	$184.0M	50x	as long as short
Bybit TRUMPUSDT	−0.0133%	4h	2.1410	−0.047%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1436	+0.075%	$404K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0122%	4h	2.1410	−0.047%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0087%	8h	2.1424	+0.019%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	−0.068%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0056%	4h	2.1430	+0.047%	$5K	$273K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1444	+0.112%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1442	+0.105%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0022%	4h	2.1410	−0.047%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1376	−0.205%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.187%	$169K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0068%	4h	2.1430	+0.047%	$4.2M	$702K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1434	+0.065%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	0.000%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1448	+0.131%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	−0.093%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1410	−0.047%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1419	−0.006%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1460	+0.187%	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1460	+0.187%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1439	+0.091%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0278%	1h	2.1446	+0.121%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1454	+0.157%	$1.3M	$2.3M	50x	as long as short