Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.003%

Price spread now: SoDEX against Orderly0.000%7-day average — · you sell dearer than you buy

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

Long on Orderly 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1840	0.0077	pay 0.0038% / 4h	1h 30m	$4K	$239K	10x
Short	SoDEX TRUMP-USD	2.1840	0.0041	get 0.0005% / 1h	30m 37s	$84	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Orderly. 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 OrderlybpFee SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$7.62
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$21.62
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Orderly and 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	−0.1659%	1h	2.1680	−0.733%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1841	+0.005%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1840	0.000%	$7.7M	$49.9M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1828	−0.055%	$972K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1856	+0.072%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1849	+0.041%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1844	+0.016%	$42K	—	150x	as long as short
SoDEX TRUMP-USDshort	+0.0041%	1h	2.1840	0.000%	$84	$6K	5x
Paradex TRUMP-USD-PERP	+0.0042%	8h	2.1835	−0.025%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.363%	$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
Orderly PERP_TRUMP_USDClong	+0.0077%	4h	2.1840	long leg	$4K	$239K	10x
Bybit TRUMPUSDT	+0.0087%	4h	2.1850	+0.046%	$31.2M	$48.4M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1861	+0.094%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1859	+0.086%	$432K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1843	+0.012%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1850	+0.046%	$63.2M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	0.000%	$27.6M	$171.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.046%	$428K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.046%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	+0.046%	$15.6M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	−0.043%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1790	−0.230%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1880	+0.183%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.137%	$535K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1839	−0.006%	$116K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1830	−0.046%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0130%	1h	2.1872	+0.147%	$256K	$321K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1848	+0.037%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0287%	1h	2.1864	+0.112%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1820	−0.092%	$4.3M	$659K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.870%	$280K	$297K	50x	as long as short