Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.013%

Price spread now: edgeX against SoDEX−0.149%45s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.149% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 39 hours of funding at the current rate (+$9 a day). The two prices were read 45 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	2.1369	−0.0484	get 0.0060% / 1h	27m 30s	$77	$6K	5x
Short	edgeX TRUMPUSDC	2.1337	−0.0179	pay 0.0090% / 4h	1h 27m	$104K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $63.94
Price spread: −0.149% → 0.000%: −$14.87
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $32.07
Costs to cover: 0.170%
Break-even: 3.5 days

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 18 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 edgeX live order book, 18 min ago	9.33 bp	16.8 bp −$17	41.9 bp −$419	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 32 exchanges

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
SoDEX TRUMP-USDlong	−0.0484%	1h	2.1369	long leg	$77	$6K	5x
Variational Omni TRUMP	−0.0409%	4h	2.1300	−0.323%	$662K	$400K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0375%	4h	2.1370	+0.005%	$27.0M	$172.8M	50x	as long as short
Bybit TRUMPUSDT	−0.0370%	4h	2.1380	+0.051%	$31.3M	$48.4M	50x	as long as short
Extended TRUMP-USD	−0.0368%	1h	2.1348	−0.099%	$73K	$493K	25x	as long as short
Binance TRUMPUSDT	−0.0364%	4h	2.1380	+0.051%	$63.0M	$238.4M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1250	−0.557%	$130K	$512K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1381	+0.056%	$384K	$78K	10x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1367	−0.009%	$918K	$959K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1360	−0.042%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0224%	4h	2.1380	+0.051%	$7.7M	$47.7M	75x	as long as short
MEXC TRUMP_USDC	−0.0220%	4h	2.1350	−0.089%	$386K	$143K	125x	as long as short
Paradex TRUMP-USD-PERP	−0.0216%	8h	2.1358	−0.053%	$5K	$175	5x	as long as short
edgeX TRUMPUSDCshort	−0.0179%	4h	2.1337	−0.149%	$104K	$253K	20x
KuCoin TRUMPUSDTM	−0.0176%	4h	2.1360	−0.042%	$4.3M	$10.2M	50x	as long as short
BloFin TRUMP-USDT	−0.0119%	4h	2.1340	−0.136%	$4.3M	$689K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0087%	4h	2.1350	−0.089%	$5K	$299K	10x	as long as short
Bitget TRUMPUSDT	−0.0052%	4h	2.1380	+0.051%	$15.4M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0008%	1h	2.1350	−0.089%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1395	+0.121%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	0.0000%	4h	2.1304	−0.306%	$184K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1382	+0.062%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1404	+0.162%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+1.081%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1382	+0.061%	$13.5M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1380	+0.051%	$403K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1379	+0.047%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1370	+0.005%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	+0.145%	$486K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1360	−0.042%	$195K	$453K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0139%	1h	2.1406	+0.173%	$382K	$390K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0204% / S −0.0199%	1h	2.1369	−0.001%	$10K	—	100x	as long as short