Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against SunX−0.211%7-day average −0.144% · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.205%+$21 · spread now −0.211%, 7d avg −0.144%

Together, before fees−0.022%+ Points / potential airdropExtended: Active · farm board−$2 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: Extended is 0.066% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1580	0.0100	pay 0.0050% / 4h	1h 04m	$2K	$1.6M	50x
Short	Extended TRUMP-USD	2.1535	0.0104	get 0.0013% / 1h	4m 18s	$74K	$747K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.211%Rate

Funding earned: $0.84
Price spread: −0.211% → −0.144%: −$6.64
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.8
Costs to cover: 0.130%
Break-even: 163.7 days

Slippage unknown: SunX: live order book, 11 min ago; Extended: live order book, 58 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 SunX live order book, 11 min ago	502.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 58 min ago	4.56 bp	7.7 bp −$8	28.1 bp −$281	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	−0.1659%	1h	2.1490	−0.417%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1501	−0.365%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0088%	1h	2.1555	−0.116%	$85	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0042%	4h	2.1520	−0.278%	$7.6M	$50.4M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1561	−0.088%	$952K	$933K	10x	as long as short
Bybit TRUMPUSDT	−0.0004%	4h	2.1540	−0.185%	$30.6M	$49.0M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1566	−0.066%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1555	−0.116%	$406K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1545	−0.163%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0023%	8h	2.1553	−0.124%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0044%	4h	2.1581	+0.004%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1647	+0.310%	$106K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0067%	4h	2.1540	−0.185%	$4K	$233K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1529	−0.236%	$14.2M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1542	−0.177%	$426K	$830K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1566	−0.063%	$186K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1530	−0.232%	$62.3M	$239.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1530	−0.232%	$27.2M	$170.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1510	−0.324%	$412K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	−0.278%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	−0.139%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1599	+0.088%	$253K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.510%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1580	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1560	−0.093%	$526K	$2.1M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.1535	−0.211%	$74K	$747K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1545	−0.162%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1544	−0.168%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0291%	1h	2.1594	+0.065%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1570	−0.046%	$4.3M	$662K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1570	−0.046%	$280K	$284K	50x	as long as short