Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.010%

Price spread now: SoDEX against KuCoin+0.087%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. SoDEX is 0.087% dearer against KuCoin than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1850	0.0100	pay 0.0050% / 4h	3h 42m	$4.3M	$11.1M	50x
Short	SoDEX TRUMP-USD	2.1869	−0.0119	pay 0.0015% / 1h	42m 27s	$95	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against KuCoin. 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 KuCoinbpFee SoDEXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$46.06
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$57.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: 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 KuCoin live order book, 6 min ago	2.29 bp	19.2 bp −$19	102.2 bp −$1,022	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	2.1740	−0.503%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.314%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0143%	4h	2.1790	−0.275%	$30.8M	$50.0M	50x	as long as short
SoDEX TRUMP-USDshort	−0.0119%	1h	2.1869	+0.087%	$95	$6K	5x
Extended TRUMP-USD	−0.0048%	1h	2.1799	−0.234%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0046%	4h	2.1810	−0.183%	$61.7M	$244.5M	75x	as long as short
Gate TRUMP_USDT	−0.0030%	4h	2.1810	−0.183%	$7.9M	$51.1M	75x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.223%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	−0.132%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1866	+0.075%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1884	+0.156%	$412K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1881	+0.142%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0035%	4h	2.1870	+0.092%	$4K	$173K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1816	−0.157%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1860	+0.046%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1841	−0.041%	$967K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1809	−0.188%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1861	+0.049%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1838	−0.053%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.275%	$27.8M	$178.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.229%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1850	long leg	$4.3M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.275%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	−0.046%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.183%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1900	+0.229%	$511K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1899	+0.226%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1885	+0.161%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0194%	4h	2.1880	+0.137%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1880	+0.137%	$283K	$280K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0408%	1h	2.1910	+0.275%	$344K	$374K	10x	as long as short