Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0479%/8h= −52.4% APRpaid last 24h −0.020%

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

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

Long on MEXC 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 0.023% dearer against MEXC than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1490	0.0100	pay 0.0050% / 4h	4m 55s	$400K	$149K	125x
Short	SoDEX TRUMP-USD	2.1495	−0.0379	pay 0.0047% / 1h	4m 55s	$74	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against MEXC. 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 MEXCbpFee SoDEXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$100.53
Price spread: +0.023% → 0.000%: $2.33
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$106.21
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 24 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 MEXC live order book, 24 min ago	2.34 bp	6.5 bp −$7	28.4 bp −$284	137.5 bp −$13.8K	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	2.1380	−0.512%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDshort	−0.0379%	1h	2.1495	+0.023%	$74	$6K	5x
Deribit TRUMP_USDC-PERPETUAL	−0.0261%	1h	2.1506	+0.074%	$405K	$65K	10x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	−0.037%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	+0.010%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0206%	4h	2.1490	0.000%	$30.5M	$52.2M	50x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1480	−0.048%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0198%	4h	2.1491	+0.006%	$60.8M	$249.8M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0197%	4h	2.1480	−0.047%	$26.8M	$183.8M	50x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1495	+0.023%	$940K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0115%	8h	2.1489	−0.006%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1500	+0.047%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1498	+0.038%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0074%	4h	2.1490	0.000%	$5K	$282K	10x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1507	+0.079%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.117%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0012%	4h	2.1500	+0.047%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	−0.047%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1490	0.000%	$4.2M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1500	+0.047%	$168K	$482K	50x	as long as short
Bitget TRUMPUSDT	+0.0072%	4h	2.1500	+0.047%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1524	+0.158%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1520	+0.139%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1514	+0.112%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1490	long leg	$400K	$149K	125x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	+0.055%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.093%	$495K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1519	+0.134%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0300%	1h	2.1535	+0.209%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1526	+0.170%	$1.3M	$2.3M	50x	as long as short