TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.064%

Price spread now: SoDEX against Backpack−0.116%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SoDEX is 0.116% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRUMP_USDC_PERP	2.1510	0.0100	pay 0.0013% / 1h	42m 46s	$252K	$319K	10x
Short	SoDEX TRUMP-USD	2.1485	−0.0318	pay 0.0040% / 1h	42m 46s	$89	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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 BackpackbpFee SoDEXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$87.75
Price spread: −0.116% → 0.000%: −$11.62
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$117.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 16 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 Backpack live order book, 16 min ago	0.23 bp	6.3 bp −$6	doesn't fit	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 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	−0.1690%	1h	2.1380	−0.604%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDshort	−0.0318%	1h	2.1485	−0.116%	$89	$6K	5x
Lighter TRUMP	−0.0272%	1h	2.1478	−0.149%	$950K	$933K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1491	−0.087%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1493	−0.079%	$404K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1490	−0.093%	$7.6M	$50.6M	75x	as long as short
Variational Omni TRUMP	−0.0017%	4h	2.1481	−0.135%	$657K	$482K	—	as long as short
Bybit TRUMPUSDT	−0.0010%	4h	2.1500	−0.046%	$30.5M	$49.3M	50x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1506	−0.019%	$27K	$512	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0003%	8h	2.1525	+0.071%	$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
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1511	+0.004%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0021%	4h	2.1444	−0.305%	$105K	$265K	20x	as long as short
Binance TRUMPUSDT	+0.0028%	4h	2.1500	−0.046%	$60.5M	$241.2M	75x	as long as short
Extended TRUMP-USD	+0.0032%	1h	2.1470	−0.188%	$74K	$745K	25x	as long as short
Orderly PERP_TRUMP_USDC	+0.0050%	4h	2.1480	−0.139%	$4K	$217K	10x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1496	−0.064%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1507	−0.012%	$14.2M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	−0.056%	$423K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1543	+0.155%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1490	−0.093%	$27.2M	$172.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	−0.186%	$405K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.093%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.093%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0100%	1h	2.1510	long leg	$252K	$319K	10x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	−0.189%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	0.000%	$498K	$2.1M	50x	as long as short
BloFin TRUMP-USDT	+0.0131%	4h	2.1490	−0.093%	$4.2M	$677K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1510	+0.001%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1513	+0.014%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1540	+0.139%	$279K	$281K	50x	as long as short