TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0489%/8h= −53.6% APRnext payment −$0.61 per $10,000 · paid last 24h −0.005%

Price spread now: SoDEX against Kraken Futures−0.182%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 −$15 a day on $10k at the current rate, and SoDEX is 0.182% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 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	Kraken Futures PF_TRUMPUSD	2.1704	0.0172	pay 0.0022% / 1h	17m 24s	$1.3M	$2.3M	50x
Short	SoDEX TRUMP-USD	2.1665	−0.0317	pay 0.0040% / 1h	17m 24s	$88	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Kraken Futures. 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 Kraken FuturesbpFee SoDEXbpOrdersPrice spread, now −0.182%Rate

Funding earned: −$102.72
Price spread: −0.182% → 0.000%: −$18.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$138.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	4.61 bp	12.4 bp −$12	22.0 bp −$220	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	−0.1765%	1h	2.1560	−0.666%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USDshort	−0.0317%	1h	2.1665	−0.182%	$88	$6K	5x
Paradex TRUMP-USD-PERP	−0.0276%	8h	2.1702	−0.011%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1684	−0.094%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0150%	4h	2.1700	−0.021%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0115%	4h	2.1700	−0.021%	$61.3M	$245.9M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1689	−0.071%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0089%	4h	2.1700	−0.021%	$30.8M	$50.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0073%	1h	2.1684	−0.094%	$408K	$72K	10x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	−0.172%	$106K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0023%	4h	2.1681	−0.107%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1710	+0.026%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.045%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1690	−0.067%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	−0.205%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1698	−0.030%	$958K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1655	−0.228%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	−0.004%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1704	−0.004%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1720	+0.074%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1700	−0.021%	$27.7M	$179.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1680	−0.113%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1690	−0.067%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1710	+0.026%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1670	−0.159%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	−0.205%	$494K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0127%	4h	2.1640	−0.297%	$4.2M	$662K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1710	+0.025%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0172%	1h	2.1704	long leg	$1.3M	$2.3M	50x
Backpack TRUMP_USDC_PERP	+0.0196%	1h	2.1709	+0.021%	$341K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	−0.159%	$280K	$277K	50x	as long as short