Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0635%/8h= −69.5% APRpaid last 24h −0.029%

Price spread now: SoDEX against GRVT−0.298%7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and SoDEX is 0.298% cheaper against GRVT than usual: you would sell low and buy high (−$30 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	GRVT TRUMP_USDT_Perp	2.1549	0	get 0.0000% / 4h	3h 43m	$181K	$4.3M	10x
Short	SoDEX TRUMP-USD	2.1485	−0.0635	pay 0.0079% / 1h	43m 22s	$71	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against GRVT. 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 GRVTbpFee SoDEXbpOrdersPrice spread, now −0.298%Rate

Funding earned: −$133.28
Price spread: −0.298% → 0.000%: −$29.82
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$180.1
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 6 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 GRVT live order book, 6 min ago	4.64 bp	9.1 bp −$9	20.0 bp −$200	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	−0.1829%	1h	2.1430	−0.553%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDshort	−0.0635%	1h	2.1485	−0.298%	$71	$6K	5x
Deribit TRUMP_USDC-PERPETUAL	−0.0540%	1h	2.1500	−0.229%	$389K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0275%	4h	2.1541	−0.036%	$664K	$415K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	−0.314%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1480	−0.324%	$74K	$494K	25x	as long as short
Binance TRUMPUSDT	−0.0230%	4h	2.1490	−0.275%	$61.0M	$246.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0225%	4h	2.1490	−0.275%	$26.9M	$183.0M	50x	as long as short
Lighter TRUMP	−0.0216%	1h	2.1482	−0.312%	$939K	$988K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0142%	8h	2.1491	−0.271%	$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
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1480	−0.321%	$168K	$472K	50x	as long as short
edgeX TRUMPUSDC	−0.0111%	4h	2.1536	−0.060%	$105K	$254K	20x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1510	−0.182%	$7.7M	$49.6M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0094%	4h	2.1490	−0.275%	$5K	$291K	10x	as long as short
Bybit TRUMPUSDT	−0.0088%	4h	2.1500	−0.229%	$30.7M	$51.9M	50x	as long as short
KuCoin TRUMPUSDTM	−0.0008%	4h	2.1510	−0.182%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1536	−0.060%	$27K	$501	5x	as long as short
GRVT TRUMP_USDT_Perplong	0.0000%	4h	2.1549	long leg	$181K	$4.3M	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	−0.159%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0010%	4h	2.1480	−0.321%	$4.2M	$687K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1471	−0.362%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0042%	4h	2.1500	−0.229%	$15.3M	$26.6M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1521	−0.131%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1518	−0.146%	$404K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1505	−0.204%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1490	−0.275%	$400K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	−0.089%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	−0.136%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1518	−0.143%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1513	−0.170%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0355%	1h	2.1556	+0.031%	$382K	$420K	10x	as long as short