TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0282%/8h= −30.9% APRnext payment −$1.41 per $10,000 · paid last 24h −0.020%

Price spread now: Gate against SunX−0.186%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1831.826% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.186%, 7d avg −0.090%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.096% cheaper against SunX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1510	0.0100	pay 0.0050% / 4h	3h 41m	$2K	$1.5M	50x
Short	Gate TRUMP_USDT	2.1470	−0.0182	pay 0.0091% / 4h	3h 41m	$7.7M	$49.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.186%Rate

Funding earned: −$59.22
Price spread: −0.186% → −0.090%: −$9.62
Slippage, 4 orders: −$159.64
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$251.48
Costs to cover: 1.826%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Gate: live order book, 2 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, 4 min ago	32.45 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.33 bp	12.8 bp −$13	27.4 bp −$274	68.1 bp −$6,807	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	−0.1829%	1h	2.1430	−0.372%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0637%	1h	2.1485	−0.116%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0447%	1h	2.1497	−0.060%	$389K	$81K	10x	as long as short
Bybit TRUMPUSDT	−0.0313%	4h	2.1450	−0.279%	$30.6M	$51.8M	50x	as long as short
Variational Omni TRUMP	−0.0275%	4h	2.1541	+0.146%	$664K	$415K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1452	−0.271%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0241%	4h	2.1450	−0.277%	$60.9M	$247.0M	75x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1460	−0.235%	$74K	$494K	25x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1462	−0.223%	$938K	$988K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0227%	4h	2.1450	−0.279%	$26.9M	$182.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDTshort	−0.0182%	4h	2.1470	−0.186%	$7.7M	$49.6M	75x
Paradex TRUMP-USD-PERP	−0.0151%	8h	2.1460	−0.233%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1480	−0.139%	$168K	$472K	50x	as long as short
edgeX TRUMPUSDC	−0.0111%	4h	2.1536	+0.123%	$105K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0094%	4h	2.1500	−0.046%	$5K	$290K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0090%	4h	2.1502	−0.036%	$181K	$4.3M	10x	as long as short
KuCoin TRUMPUSDTM	−0.0024%	4h	2.1460	−0.232%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1496	−0.063%	$27K	$586	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1505	−0.023%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0010%	4h	2.1480	−0.139%	$4.2M	$687K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1480	−0.139%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0038%	4h	2.1460	−0.232%	$15.3M	$26.6M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1475	−0.162%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1492	−0.085%	$403K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1473	−0.172%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	−0.232%	$399K	$148K	125x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1510	long leg	$2K	$1.5M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1500	−0.046%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1516	+0.027%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1511	+0.003%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0340%	1h	2.1504	−0.028%	$381K	$420K	10x	as long as short