Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.020%

Price spread now: GRVT against SoDEX+0.163%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 GRVT

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GRVT is 0.163% dearer against SoDEX than usual: you sell high and buy low: +$16 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	2.1415	−0.0116	get 0.0014% / 1h	1m 01s	$82	$6K	5x
Short	GRVT TRUMP_USDT_Perp	2.1450	0.0100	get 0.0050% / 4h	1h 01m	$173K	$4.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.163%Rate

Funding earned: $45.31
Price spread: +0.163% → 0.000%: $16.34
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $44.66
Costs to cover: 0.170%
Break-even: 0.1 days

Slippage unknown: SoDEX: no order-book sample; GRVT: 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 GRVT live order book, 3 min ago	4.66 bp	14.4 bp −$14	47.3 bp −$473	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	−0.1927%	1h	2.1340	−0.350%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	−0.063%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1420	+0.023%	$403K	$81K	10x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1400	−0.070%	$60.5M	$251.3M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1409	−0.028%	$74K	$521K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0117%	4h	2.1400	−0.070%	$26.5M	$184.1M	50x	as long as short
SoDEX TRUMP-USDlong	−0.0116%	1h	2.1415	long leg	$82	$6K	5x
Variational Omni TRUMP	−0.0107%	4h	2.1501	+0.403%	$664K	$423K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1440	+0.117%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0080%	4h	2.1454	+0.182%	$105K	$255K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0074%	4h	2.1400	−0.070%	$7.7M	$53.8M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0053%	4h	2.1420	+0.023%	$5K	$260K	10x	as long as short
Bybit TRUMPUSDT	−0.0038%	4h	2.1400	−0.070%	$30.5M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0032%	8h	2.1428	+0.062%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	−0.0001%	1h	2.1446	+0.143%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1424	+0.043%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1401	−0.066%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1405	−0.047%	$936K	$1.0M	10x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1430	+0.070%	$4.1M	$701K	75x	as long as short
KuCoin TRUMPUSDTM	+0.0080%	4h	2.1410	−0.023%	$4.1M	$11.0M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1429	+0.065%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1423	+0.038%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1449	+0.159%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	−0.070%	$398K	$151K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1410	−0.023%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1450	+0.163%	$173K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1440	+0.117%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.070%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1420	+0.024%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1410	−0.023%	$175K	$442K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0418%	1h	2.1440	+0.117%	$379K	$415K	10x	as long as short