Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0224%/8h= −24.6% APRpaid last 24h −0.013%

Price spread now: SoDEX against Gate−0.023%7-day average — · you buy dearer than you sell

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

Long on Gate 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 −$7 a day on $10k at the current rate, and SoDEX is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 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	Gate TRUMP_USDT	2.1460	−0.0106	get 0.0053% / 4h	19m 06s	$7.6M	$53.3M	75x
Short	SoDEX TRUMP-USD	2.1455	−0.0330	pay 0.0041% / 1h	19m 06s	$76	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. 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 GatebpFee SoDEXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$47.09
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$72.42
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	2.34 bp	11.5 bp −$12	23.3 bp −$233	65.3 bp −$6,530	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	−0.1797%	1h	2.1290	−0.792%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDshort	−0.0330%	1h	2.1455	−0.023%	$76	$6K	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	−0.086%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	−0.414%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1448	−0.056%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0192%	4h	2.1450	−0.047%	$26.7M	$184.1M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1449	−0.049%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0183%	4h	2.1451	−0.040%	$60.6M	$251.0M	75x	as long as short
Bybit TRUMPUSDT	−0.0154%	4h	2.1450	−0.047%	$30.5M	$52.5M	50x	as long as short
Gate TRUMP_USDTlong	−0.0106%	4h	2.1460	long leg	$7.6M	$53.3M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0103%	8h	2.1419	−0.190%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1352	−0.504%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0065%	4h	2.1440	−0.093%	$5K	$277K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0029%	1h	2.1468	+0.037%	$404K	$81K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1436	−0.112%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1468	+0.037%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1460	0.000%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1445	−0.070%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.606%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1430	−0.140%	$4.1M	$686K	75x	as long as short
Bitget TRUMPUSDT	+0.0084%	4h	2.1460	0.000%	$15.2M	$27.1M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	+0.065%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1457	−0.013%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1435	−0.115%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.047%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.326%	$180K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.093%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1463	+0.014%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0275%	1h	2.1491	+0.144%	$382K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1481	+0.098%	$1.3M	$2.3M	50x	as long as short