Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.027%

Price spread now: Bitget against SoDEX+0.069%7-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 Bitget

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 +$9 a day on $10k at the current rate, and Bitget is 0.069% dearer against SoDEX than usual: you sell high and buy low: +$7 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	SoDEX TRUMP-USD	2.1695	−0.0302	get 0.0038% / 1h	59m 06s	$69	$6K	5x
Short	Bitget TRUMPUSDT	2.1710	−0.0002	pay 0.0001% / 4h	2h 59m	$15.4M	$26.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: $63.07
Price spread: +0.069% → 0.000%: $6.91
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $49.99
Costs to cover: 0.200%
Break-even: 1.5 days

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.30 bp	12.9 bp −$13	16.2 bp −$162	71.9 bp −$7,191	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 32 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	−0.1841%	1h	2.1600	−0.438%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0395%	1h	2.1705	+0.046%	$390K	$73K	10x	as long as short
Bybit TRUMPUSDT	−0.0354%	4h	2.1700	+0.023%	$31.3M	$50.5M	50x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.166%	$675K	$419K	—	as long as short
SoDEX TRUMP-USDlong	−0.0302%	1h	2.1695	long leg	$69	$6K	5x
Lighter TRUMP	−0.0272%	1h	2.1693	−0.009%	$944K	$967K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.018%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0244%	4h	2.1690	−0.023%	$27.5M	$180.8M	50x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1689	−0.028%	$77K	$492K	25x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	−0.069%	$142K	$513K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRUMPUSDT	−0.0239%	4h	2.1700	+0.023%	$63.6M	$244.9M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0142%	8h	2.1712	+0.076%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0116%	4h	2.1747	+0.240%	$106K	$254K	20x	as long as short
Gate TRUMP_USDT	−0.0084%	4h	2.1720	+0.115%	$7.8M	$47.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0081%	4h	2.1710	+0.069%	$5K	$319K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1710	+0.069%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1734	+0.180%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDTshort	−0.0002%	4h	2.1710	+0.069%	$15.4M	$26.1M	75x
BloFin TRUMP-USDT	+0.0001%	4h	2.1690	−0.023%	$4.3M	$692K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.318%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0015%	1h	2.1739	+0.202%	$1.3M	$2.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1685	−0.046%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0050%	4h	2.1700	+0.023%	$403K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1735	+0.184%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1721	+0.118%	$413K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1730	+0.161%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.178%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.115%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	−0.023%	$500K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1710	+0.069%	$3K	$29K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0153%	1h	2.1742	+0.217%	$387K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.341%	$10K	—	100x	as long as short