Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0500%/8h= +54.8% APRpaid last 24h −0.001%

Price spread now: Kraken Futures against SunX+0.094%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1921.920% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.094%, 7d avg −0.022%

Together, before fees−0.365%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.116% dearer against SunX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.022%. Mind the row above: over the last 7 days funding on this pair cost −0.248%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -12.9% a year). A funding rate is set anew for every payment. 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	2.1400	0.0100	pay 0.0050% / 4h	34m 26s	$2K	$1.6M	50x
Short	Kraken Futures PF_TRUMPUSD	2.1420	0.0600	get 0.0075% / 1h	34m 26s	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.094%Rate

Funding earned: $105.01
Price spread: +0.094% → −0.022%: $11.57
Slippage, 4 orders: −$174
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$75.41
Costs to cover: 1.920%
Break-even: 12.0 days

Slippage from SunX: live order book, 11 min ago; Kraken Futures: live order book, 4 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, 11 min ago	32.47 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.33 bp	11.8 bp −$12	26.0 bp −$260	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	2.1310	−0.421%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0404%	1h	2.1384	−0.075%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0308%	1h	2.1385	−0.070%	$78	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1421	+0.097%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1369	−0.145%	$934K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	−0.043%	$660K	$423K	—	as long as short
Binance TRUMPUSDT	−0.0171%	4h	2.1430	+0.140%	$60.6M	$251.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0170%	4h	2.1420	+0.093%	$26.6M	$184.2M	50x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1409	+0.043%	$76K	$492K	25x	as long as short
Bybit TRUMPUSDT	−0.0135%	4h	2.1420	+0.093%	$30.5M	$52.5M	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_USDT	−0.0126%	4h	2.1420	+0.093%	$7.6M	$53.3M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0089%	8h	2.1372	−0.132%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	+0.025%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1430	+0.140%	$5K	$271K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1400	0.000%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1444	+0.207%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0022%	4h	2.1430	+0.140%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1372	−0.132%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.093%	$169K	$470K	50x	as long as short
BloFin TRUMP-USDT	+0.0069%	4h	2.1390	−0.047%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1451	+0.238%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1427	+0.126%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1389	−0.051%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	−0.093%	$397K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	+0.140%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.321%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1400	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.047%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1392	−0.039%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0268%	1h	2.1434	+0.159%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0600%	1h	2.1420	+0.094%	$1.3M	$2.3M	50x