TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0200%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h −0.022%

Price spread now: Deribit against SoDEX+0.055%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 Deribit

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.055% dearer against SoDEX than usual: you sell high and buy low: +$6 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	2.1690	−0.0319	get 0.0040% / 1h	20m 09s	$86	$6K	5x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1702	−0.0118	pay 0.0015% / 1h	20m 09s	$408K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.055%Rate

Funding earned: $42.1
Price spread: +0.055% → 0.000%: $5.53
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $32.63
Costs to cover: 0.150%
Break-even: 1.6 days

Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 33 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 Deribit live order book, 33 min ago	6.42 bp	9.9 bp −$10	19.9 bp −$199	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	−0.1765%	1h	2.1550	−0.645%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USDlong	−0.0319%	1h	2.1690	long leg	$86	$6K	5x
Paradex TRUMP-USD-PERP	−0.0295%	8h	2.1693	+0.015%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1701	+0.053%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0176%	4h	2.1670	−0.092%	$7.9M	$52.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	−0.0118%	1h	2.1702	+0.055%	$408K	$72K	10x
Extended TRUMP-USD	−0.0112%	1h	2.1689	−0.004%	$74K	$714K	25x	as long as short
Binance TRUMPUSDT	−0.0109%	4h	2.1660	−0.137%	$61.2M	$246.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0046%	4h	2.1660	−0.140%	$106K	$264K	20x	as long as short
Bybit TRUMPUSDT	−0.0036%	4h	2.1660	−0.138%	$30.7M	$50.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0023%	4h	2.1681	−0.041%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1666	−0.110%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1710	+0.094%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0014%	4h	2.1700	+0.046%	$4K	$193K	10x	as long as short
Lighter TRUMP	+0.0016%	1h	2.1672	−0.083%	$957K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1685	−0.023%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1690	0.000%	$177K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1681	−0.041%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1671	−0.088%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1686	−0.018%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	−0.092%	$27.7M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1700	+0.046%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1710	+0.092%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1670	−0.092%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.138%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.184%	$497K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0135%	4h	2.1670	−0.092%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1716	+0.120%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1722	+0.147%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0207%	1h	2.1704	+0.065%	$341K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1720	+0.138%	$281K	$277K	50x	as long as short