TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0149%/8h= −16.4% APRnext payment −$0.75 per $10,000 · paid last 24h −0.019%

Price spread now: edgeX against SunX−0.059%74s7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1841.838% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.059%, 7d avg −0.110%

Together, before fees−0.269%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.051% dearer against SunX than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.110%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 hours. The two prices were read 74 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	SunX TRUMP-USDT	2.1680	0.0100	pay 0.0050% / 4h	3h 15m	$2K	$1.6M	50x
Short	edgeX TRUMPUSDC	2.1667	−0.0049	pay 0.0025% / 4h	3h 15m	$106K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$31.38
Price spread: −0.059% → −0.110%: $5.07
Slippage, 4 orders: −$166.81
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$210.11
Costs to cover: 1.838%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; edgeX: live order book, 37 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, 9 min ago	32.24 bp	62.4 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 37 min ago	6.88 bp	14.4 bp −$14	40.9 bp −$409	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	2.1550	−0.600%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0350%	1h	2.1655	−0.115%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0318%	1h	2.1648	−0.148%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0272%	8h	2.1664	−0.074%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1639	−0.189%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0160%	4h	2.1670	−0.046%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0116%	4h	2.1667	−0.062%	$61.2M	$246.6M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1629	−0.236%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0082%	4h	2.1670	−0.046%	$30.8M	$50.4M	50x	as long as short
edgeX TRUMPUSDCshort	−0.0049%	4h	2.1667	−0.059%	$106K	$264K	20x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0041%	4h	2.1651	−0.133%	$669K	$488K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1686	+0.026%	$27K	$512	5x	as long as short
Lighter TRUMP	+0.0008%	1h	2.1665	−0.069%	$957K	$976K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1671	−0.040%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1660	−0.092%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	−0.092%	$177K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1638	−0.192%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1690	+0.046%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1679	−0.004%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1679	−0.005%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1660	−0.092%	$27.6M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1670	−0.046%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1660	−0.092%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1670	−0.046%	$15.7M	$26.1M	75x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1680	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1700	+0.092%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0125%	4h	2.1710	+0.138%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1675	−0.022%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1677	−0.013%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0194%	1h	2.1685	+0.023%	$384K	$399K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	−0.046%	$280K	$277K	50x	as long as short