Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.012%

Price spread now: SoDEX against edgeX+0.381%75s7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.381% dearer against edgeX than usual: you sell high and buy low: +$38 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 75 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	edgeX TRUMPUSDC	2.1805	0.0050	pay 0.0025% / 4h	17m 57s	$119K	$249K	20x
Short	SoDEX TRUMP-USD	2.1888	0.0100	get 0.0013% / 1h	17m 57s	$74	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against edgeX. 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 edgeXbpFee SoDEXbpOrdersPrice spread, now +0.381%Rate

Funding earned: $10.5
Price spread: +0.381% → 0.000%: $38.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $31.56
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: edgeX: live order book, 59 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 edgeX live order book, 59 min ago	6.85 bp	14.3 bp −$14	90.4 bp −$904	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	−0.1537%	1h	2.1770	−0.161%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	+0.352%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1877	+0.329%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1894	+0.408%	$411K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1888	+0.381%	$41K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.1805	long leg	$119K	$249K	20x
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1890	+0.390%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1888	+0.381%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1883	+0.360%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1891	+0.395%	$456K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1880	+0.346%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1880	+0.343%	$62.8M	$226.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1880	+0.344%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	+0.344%	$27.2M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	+0.390%	$7.5M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	+0.344%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	+0.390%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	+0.390%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	+0.216%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	+0.182%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.481%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USDshort	+0.0100%	1h	2.1888	+0.381%	$74	$6K	5x
HTX TRUMP-USDT	+0.0100%	4h	2.1900	+0.436%	$554K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1871	+0.302%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1884	+0.361%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1890	+0.392%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0276%	1h	2.1907	+0.468%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	+0.481%	$4.2M	$637K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.169%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0489%	1h	2.1911	+0.486%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1906	+0.465%	$1.3M	$2.5M	50x	as long as short