Funding arb · Price arb /

TRUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against SunX−0.174%7-day average −0.055% · you buy dearer than you sell

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

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.174%, 7d avg −0.055%

Together, before fees+0.130%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 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: Hyperliquid is 0.119% cheaper against SunX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1790	0.0100	pay 0.0050% / 4h	1h 10m	$2K	$1.6M	50x
Short	Hyperliquid TRUMP	2.1752	0.0100	get 0.0013% / 1h	10m 09s	$14.4M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.055%: −$11.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$28.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Hyperliquid: live order book, 3 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, 5 min ago	502.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	0.23 bp	14.7 bp −$15	doesn't fit	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	2.1670	−0.551%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1731	−0.272%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0072%	1h	2.1743	−0.216%	$409K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0045%	1h	2.1735	−0.252%	$82	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0028%	4h	2.1730	−0.275%	$7.7M	$50.2M	75x	as long as short
Lighter TRUMP	−0.0024%	1h	2.1732	−0.266%	$960K	$906K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1786	−0.020%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1746	−0.201%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0031%	8h	2.1766	−0.109%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1800	+0.045%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	+0.0052%	4h	2.1720	−0.321%	$31.0M	$48.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0070%	4h	2.1730	−0.275%	$4K	$236K	10x	as long as short
Variational Omni TRUMP	+0.0080%	4h	2.1731	−0.272%	$685K	$456K	—	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	2.1752	−0.174%	$14.4M	$7.6M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1764	−0.121%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1784	−0.027%	$187K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1722	−0.314%	$62.9M	$237.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1720	−0.321%	$27.7M	$170.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	−0.275%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1750	−0.184%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1740	−0.229%	$15.7M	$25.4M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1747	−0.197%	$254K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1759	−0.141%	$180K	$4.5M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1790	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.046%	$535K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1729	−0.278%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1744	−0.213%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1745	−0.206%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1763	−0.123%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1770	−0.092%	$4.3M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1780	−0.046%	$282K	$298K	50x	as long as short