Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0402%/8h= −44.1% APRpaid last 24h −0.029%

Price spread now: SoDEX against Aster−0.038%45s7-day average — · you buy dearer than you sell

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

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SoDEX is 0.038% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	Aster TRUMPUSDT	2.1703	0.0100	pay 0.0050% / 4h	2h 58m	$412K	$651K	20x
Short	SoDEX TRUMP-USD	2.1695	−0.0302	pay 0.0038% / 1h	58m 42s	$69	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Aster. 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 AsterbpFee SoDEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$84.49
Price spread: −0.038% → 0.000%: −$3.83
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$104.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 34 min ago; SoDEX: no order-book sample. 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 Aster live order book, 34 min ago	4.68 bp	10.2 bp −$10	22.5 bp −$225	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TRUMP on 32 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	−0.1841%	1h	2.1600	−0.476%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0395%	1h	2.1705	+0.008%	$390K	$73K	10x	as long as short
Bybit TRUMPUSDT	−0.0341%	4h	2.1680	−0.107%	$31.3M	$50.5M	50x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.127%	$675K	$419K	—	as long as short
SoDEX TRUMP-USDshort	−0.0302%	1h	2.1695	−0.038%	$69	$6K	5x
Lighter TRUMP	−0.0272%	1h	2.1683	−0.094%	$943K	$967K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.057%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0244%	4h	2.1680	−0.107%	$27.4M	$180.7M	50x	as long as short
Binance TRUMPUSDT	−0.0243%	4h	2.1680	−0.107%	$63.5M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1679	−0.112%	$77K	$492K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	−0.107%	$142K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0144%	8h	2.1689	−0.066%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0116%	4h	2.1747	+0.202%	$106K	$254K	20x	as long as short
Gate TRUMP_USDT	−0.0116%	4h	2.1690	−0.061%	$7.8M	$47.5M	75x	as long as short
dYdX TRUMP-USD	−0.0089%	1h	2.1714	+0.050%	$26K	$1K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0081%	4h	2.1710	+0.031%	$5K	$319K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1700	−0.015%	$4.2M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1690	−0.061%	$15.4M	$26.0M	75x	as long as short
BloFin TRUMP-USDT	+0.0001%	4h	2.1690	−0.061%	$4.3M	$692K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.279%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1739	+0.163%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1685	−0.084%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0050%	4h	2.1670	−0.154%	$402K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1707	+0.017%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDTlong	+0.0100%	4h	2.1703	long leg	$412K	$651K	20x
Pacifica TRUMP	+0.0100%	1h	2.1709	+0.026%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.139%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.077%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	−0.061%	$500K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1710	+0.031%	$3K	$29K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1742	+0.178%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.302%	$10K	—	100x	as long as short