Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h −0.017%

Price spread now: SoDEX against Paradex+0.029%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.029% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TRUMP-USD-PERP	2.1483	−0.0031	get 0.0031% / 8h	1h 17m	$5K	$175	5x
Short	SoDEX TRUMP-USD	2.1489	−0.0007	pay 0.0001% / 1h	17m 48s	$80	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Paradex. 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 ParadexbpFee SoDEXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $4.9
Price spread: +0.029% → 0.000%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$4.21
Costs to cover: 0.120%
Break-even: 13.0 days

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Paradex 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	−0.1927%	1h	2.1350	−0.618%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	−0.005%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1480	−0.015%	$74K	$519K	25x	as long as short
Binance TRUMPUSDT	−0.0173%	4h	2.1500	+0.080%	$60.7M	$252.2M	75x	as long as short
Variational Omni TRUMP	−0.0140%	4h	2.1451	−0.147%	$661K	$424K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1521	+0.178%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1464	−0.089%	$105K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0088%	4h	2.1490	+0.034%	$26.6M	$185.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0057%	4h	2.1480	−0.013%	$5K	$249K	10x	as long as short
Gate TRUMP_USDT	−0.0046%	4h	2.1500	+0.080%	$7.7M	$53.8M	75x	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-PERPlong	−0.0031%	8h	2.1483	long leg	$5K	$175	5x
Bybit TRUMPUSDT	−0.0025%	4h	2.1490	+0.034%	$30.5M	$52.5M	50x	as long as short
SoDEX TRUMP-USDshort	−0.0007%	1h	2.1489	+0.029%	$80	$6K	5x
dYdX TRUMP-USD	0.0000%	1h	2.1492	+0.041%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1496	+0.061%	$405K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1503	+0.092%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1480	−0.013%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0063%	4h	2.1470	−0.060%	$4.1M	$702K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1487	+0.020%	$940K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.131%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	+0.071%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	+0.048%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	+0.080%	$400K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	+0.034%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	+0.080%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1477	−0.029%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.127%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.127%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1501	+0.083%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1490	+0.034%	$187K	$445K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0421%	1h	2.1526	+0.201%	$381K	$417K	10x	as long as short