TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0382%/8h= −41.9% APRnext payment −$0.48 per $10,000 · paid last 24h −0.026%

Price spread now: SoDEX against Hyperliquid−0.033%51s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SoDEX is 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Hyperliquid TRUMP	2.1472	0.0100	pay 0.0013% / 1h	39m 26s	$13.6M	$8.1M	10x
Short	SoDEX TRUMP-USD	2.1465	−0.0282	pay 0.0035% / 1h	39m 26s	$80	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Hyperliquid. 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 HyperliquidbpFee SoDEXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$80.3
Price spread: −0.033% → 0.000%: −$3.26
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$100.56
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 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 Hyperliquid live order book, 3 min ago	1.62 bp	8.6 bp −$9	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	−0.1797%	1h	2.1440	−0.149%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0541%	1h	2.1486	+0.065%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USDshort	−0.0282%	1h	2.1465	−0.033%	$80	$6K	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1461	−0.049%	$5	—	10x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1442	−0.140%	$937K	$1.0M	10x	as long as short
Binance TRUMPUSDT	−0.0166%	4h	2.1450	−0.102%	$60.8M	$250.8M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1424	−0.223%	$76K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0152%	4h	2.1470	−0.009%	$26.6M	$184.3M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.274%	$665K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0120%	4h	2.1470	−0.009%	$7.6M	$53.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0109%	4h	2.1450	−0.102%	$30.6M	$52.4M	50x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1539	+0.311%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0075%	8h	2.1431	−0.192%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0051%	4h	2.1500	+0.130%	$5K	$268K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1456	−0.075%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	+0.151%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0032%	4h	2.1470	−0.009%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1470	−0.009%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	+0.317%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1520	+0.224%	$4.1M	$705K	75x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1472	long leg	$13.6M	$8.1M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1452	−0.093%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1455	−0.079%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.102%	$399K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	−0.009%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.317%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.224%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.177%	$484K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1500	+0.130%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1499	+0.126%	$384K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1496	+0.112%	$1.3M	$2.3M	50x	as long as short