Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.070%

Price spread now: BloFin against SoDEX−0.114%56s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.114% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 38 hours of funding at the current rate (+$7 a day). The two prices were read 56 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	2.1895	0.0100	pay 0.0013% / 1h	45m 19s	$70	$6K	5x
Short	BloFin TRUMP-USDT	2.1870	0.0340	get 0.0170% / 4h	1h 45m	$4.2M	$520K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.114%Rate

Funding earned: $50.4
Price spread: −0.114% → 0.000%: −$11.42
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.98
Costs to cover: 0.200%
Break-even: 4.4 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	6.84 bp	12.8 bp −$13	22.6 bp −$226	47.9 bp −$4,787	137.1 bp −$68.6K

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	−0.1472%	1h	2.1810	−0.388%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1923	+0.129%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1908	+0.059%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1933	+0.174%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1916	+0.098%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1901	+0.028%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1930	+0.160%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0088%	8h	2.1917	+0.099%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1907	+0.055%	$975K	$671K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1944	+0.224%	$14.1M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1929	+0.154%	$457K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1928	+0.153%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1918	+0.105%	$62.4M	$217.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1930	+0.160%	$30.7M	$42.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1930	+0.160%	$26.8M	$149.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	+0.069%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	+0.069%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.114%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1950	+0.251%	$15.6M	$20.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1883	−0.055%	$682K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1884	−0.052%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.251%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USDlong	+0.0100%	1h	2.1895	long leg	$70	$6K	5x
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.114%	$517K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1921	+0.118%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1937	+0.194%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1916	+0.097%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0253%	1h	2.1928	+0.151%	$260K	$267K	10x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1870	−0.114%	$4.2M	$520K	75x
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.160%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1925	+0.135%	$1.3M	$2.4M	50x	as long as short