TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0949%/8h= +103.9% APRnext payment +$1.19 per $10,000 · paid last 24h +0.083%

Price spread now: Backpack against SoDEX+0.172%50s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$28 a day on $10k at the current rate, and Backpack is 0.172% dearer against SoDEX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1545	−0.0589	get 0.0074% / 1h	45m 17s	$72	$6K	5x
Short	Backpack TRUMP_USDC_PERP	2.1582	0.0360	get 0.0045% / 1h	45m 17s	$383K	$420K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.172%Rate

Funding earned: $199.25
Price spread: +0.172% → 0.000%: $17.17
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $198.42
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 53 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 53 min ago	0.23 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	−0.1829%	1h	2.1450	−0.441%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USDlong	−0.0589%	1h	2.1545	long leg	$72	$6K	5x
Deribit TRUMP_USDC-PERPETUAL	−0.0492%	1h	2.1551	+0.028%	$406K	$65K	10x	as long as short
Variational Omni TRUMP	−0.0275%	4h	2.1541	−0.016%	$664K	$415K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1542	−0.016%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0227%	4h	2.1540	−0.023%	$61.0M	$247.4M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1539	−0.027%	$74K	$494K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0223%	4h	2.1540	−0.023%	$27.0M	$183.5M	50x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1546	+0.005%	$942K	$988K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1510	−0.162%	$168K	$473K	50x	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	−0.0134%	8h	2.1536	−0.040%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0108%	4h	2.1541	−0.018%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0092%	4h	2.1540	−0.023%	$5K	$291K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0006%	4h	2.1550	+0.023%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1578	+0.153%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1566	+0.097%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1540	−0.023%	$4.2M	$689K	75x	as long as short
Gate TRUMP_USDT	+0.0018%	4h	2.1550	+0.023%	$7.7M	$49.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0022%	4h	2.1550	+0.023%	$30.8M	$52.0M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1526	−0.089%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0030%	4h	2.1540	−0.023%	$181K	$4.3M	10x	as long as short
Bitget TRUMPUSDT	+0.0046%	4h	2.1560	+0.070%	$15.4M	$26.6M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1568	+0.107%	$13.7M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1571	+0.122%	$405K	$718K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1562	+0.079%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	+0.023%	$401K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.162%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	+0.116%	$503K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1577	+0.148%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1561	+0.075%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0360%	1h	2.1582	+0.172%	$383K	$420K	10x