Settings8H · net · $10k
Funding arb · Price arb /

TRUMP

all TRUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0206%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.109%
Price spread now: Coinbase International against SoDEX−0.224%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Coinbase International is 0.224% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.224% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 3.6 days of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX TRUMP-USD2.1448−0.0014get 0.0002% / 1h44m 57s$82$6K5x
ShortCoinbase International TRUMP-PERP-INTX2.14000.0192get 0.0024% / 1h44m 57s$205K$420K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$43.26
Price spread: −0.224% → 0.000%
−$22.38
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$2.89
Costs to cover
0.180%
Break-even
6.5 days
Slippage unknown: SoDEX: no order-book sample; Coinbase International: live order book, 63 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Coinbase International live order book, 63 min ago6.97 bp16.6 bp −$1720.2 bp −$202doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective TRUMP/USDC PERP−0.1927%1h2.1280−0.783%$12K$157K12xas long as short
Reya TRUMPRUSDPERP−0.0245%1h2.1432−0.076%$510xas long as short
Binance TRUMPUSDT−0.0227%4h2.1414−0.158%$60.4M$252.0M75xas long as short
Extended TRUMP-USD−0.0224%1h2.1400−0.223%$74K$741K25xas long as short
Variational Omni TRUMP−0.0141%4h2.1381−0.311%$660K$424Kas long as short
edgeX TRUMPUSDC−0.0116%4h2.1400−0.224%$104K$265K20xas long as short
Kraken Futures PF_TRUMPUSD−0.0098%1h2.1482+0.157%$1.3M$2.3M50xas long as short
Gate TRUMP_USDT−0.0094%4h2.1420−0.131%$7.7M$53.5M75xas long as short
OKX TRUMP-USDT-SWAP−0.0092%4h2.1400−0.224%$26.4M$184.9M50xas long as short
Paradex TRUMP-USD-PERP−0.0087%8h2.1365−0.389%$5K$1755xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TRUMPUSDT−0.0069%4h2.1410−0.177%$30.4M$52.5M50xas long as short
Orderly PERP_TRUMP_USDC−0.0059%4h2.1440−0.037%$5K$239K10xas long as short
SoDEX TRUMP-USDlong−0.0014%1h2.1448long leg$82$6K5x
dYdX TRUMP-USD0.0000%1h2.1396−0.242%$27K$5015xas long as short
Deribit TRUMP_USDC-PERPETUAL0.0000%1h2.1453+0.023%$404K$81K10xas long as short
gTrade (Gains Network) TRUMP/USDL +0.0008% / S −0.0007%1h2.1454+0.030%$40K150xas long as short
BloFin TRUMP-USDT+0.0013%4h2.1430−0.084%$4.1M$686K75xas long as short
Aevo TRUMP-PERP+0.0024%1h2.1437−0.050%$19K3xas long as short
Lighter TRUMP+0.0096%1h2.1443−0.023%$947K$1.0M10xas long as short
Hyperliquid TRUMP+0.0100%1h2.1440−0.037%$13.5M$8.1M10xas long as short
Aster TRUMPUSDT+0.0100%4h2.1421−0.125%$402K$778K20xas long as short
Pacifica TRUMP+0.0100%1h2.1373−0.351%$184K$54K10xas long as short
MEXC TRUMP_USDC+0.0100%4h2.1410−0.177%$399K$148K125xas long as short
KuCoin TRUMPUSDTM+0.0100%4h2.1430−0.084%$4.2M$11.1M50xas long as short
Bitget TRUMPUSDT+0.0100%4h2.1430−0.084%$15.3M$27.2M75xas long as short
GRVT TRUMP_USDT_Perp+0.0100%4h2.1400−0.224%$181K$4.6M10xas long as short
SunX TRUMP-USDT+0.0100%4h2.1450+0.009%$2K$1.6M50xas long as short
HTX TRUMP-USDT+0.0100%4h2.1410−0.177%$482K$2.4M50xas long as short
GMX TRUMP/USD [ETH-USDC]L +0.0137% / S −0.0099%1h2.1460+0.058%$9K100xas long as short
Coinbase International TRUMP-PERP-INTXshort+0.0192%1h2.1400−0.224%$205K$420K50x
Backpack TRUMP_USDC_PERP+0.0355%1h2.1474+0.121%$380K$415K10xas long as short