Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.002%

Price spread now: SoDEX against Binance0.000%7-day average — · you sell dearer than you buy

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

Long on Binance 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1810	−0.0036	get 0.0018% / 4h	3h 47m	$61.6M	$244.0M	75x
Short	SoDEX TRUMP-USD	2.1810	−0.0076	pay 0.0010% / 1h	47m 04s	$95	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$8.44
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	2.32 bp	7.3 bp −$7	13.2 bp −$132	41.4 bp −$4,138	304.5 bp −$152.2K
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	−0.1765%	1h	2.1750	−0.275%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1821	+0.053%	$5	—	10x	as long as short
SoDEX TRUMP-USDshort	−0.0076%	1h	2.1810	0.000%	$95	$6K	5x
Extended TRUMP-USD	−0.0040%	1h	2.1799	−0.050%	$75K	$722K	25x	as long as short
Binance TRUMPUSDTlong	−0.0036%	4h	2.1810	long leg	$61.6M	$244.0M	75x
edgeX TRUMPUSDC	−0.0016%	4h	2.1774	−0.163%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1840	+0.138%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1823	+0.060%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1838	+0.128%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	−0.132%	$676K	$514K	—	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	+0.0034%	4h	2.1810	0.000%	$7.8M	$51.0M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0039%	4h	2.1820	+0.046%	$4K	$177K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1822	+0.053%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1805	−0.023%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1811	+0.005%	$965K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1824	+0.064%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1844	+0.155%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1820	+0.046%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	0.000%	$30.8M	$49.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1800	−0.046%	$27.8M	$178.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	+0.046%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	+0.092%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.046%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.046%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.092%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.092%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1840	+0.137%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1837	+0.123%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0204%	4h	2.1810	0.000%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	+0.138%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0451%	1h	2.1841	+0.142%	$343K	$375K	10x	as long as short