Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.085%

Price spread now: Coinbase International against SunX−0.139%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1871.865% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.139%, 7d avg −0.014%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.126% cheaper against SunX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1530	0.0100	pay 0.0050% / 4h	5m 06s	$2K	$1.6M	50x
Short	Coinbase International TRUMP-PERP-INTX	2.1500	0.0056	get 0.0007% / 1h	5m 06s	$168K	$482K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$9.24
Price spread: −0.139% → −0.014%: −$12.55
Slippage, 4 orders: −$168.52
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$208.31
Costs to cover: 1.865%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Coinbase International: live order book, 33 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, 10 min ago	32.56 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 33 min ago	7.01 bp	12.0 bp −$12	16.1 bp −$161	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	−0.1797%	1h	2.1380	−0.697%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0379%	1h	2.1495	−0.163%	$74	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0261%	1h	2.1506	−0.111%	$405K	$65K	10x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	−0.222%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	−0.176%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0206%	4h	2.1490	−0.186%	$30.5M	$52.2M	50x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1490	−0.187%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0198%	4h	2.1492	−0.174%	$60.8M	$249.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0197%	4h	2.1480	−0.232%	$26.8M	$183.8M	50x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1495	−0.163%	$940K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0115%	8h	2.1489	−0.192%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1510	−0.093%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1498	−0.148%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0074%	4h	2.1490	−0.186%	$5K	$282K	10x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1507	−0.107%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	−0.069%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0012%	4h	2.1500	−0.139%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	−0.232%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1490	−0.186%	$4.2M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0056%	1h	2.1500	−0.139%	$168K	$482K	50x
Bitget TRUMPUSDT	+0.0072%	4h	2.1500	−0.139%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1524	−0.028%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1521	−0.041%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1514	−0.074%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.139%	$400K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	−0.131%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1530	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1510	−0.093%	$495K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1519	−0.052%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0300%	1h	2.1535	+0.023%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1526	−0.016%	$1.3M	$2.3M	50x	as long as short