TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1572%/8h= −172.1% APRnext payment −$1.96 per $10,000 · paid last 24h −0.515%

Price spread now: Injective against SoDEX−0.320%7-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 Injective

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 against this trade now: funding costs −$47 a day on $10k at the current rate, and Injective is 0.320% cheaper against SoDEX than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1559	−0.0087	get 0.0011% / 1h	5m 04s	$85	$6K	5x
Short	Injective TRUMP/USDC PERP	2.1490	−0.1659	pay 0.0207% / 1h	5m 04s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.320%Rate

Funding earned: −$330.06
Price spread: −0.320% → 0.000%: −$32.01
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$370.09
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 44 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 Injective live order book, 44 min ago	48.42 bp	48.4 bp −$48	doesn't fit	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 PERPshort	−0.1659%	1h	2.1490	−0.320%	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	+0.057%	$5	—	10x	as long as short
SoDEX TRUMP-USDlong	−0.0087%	1h	2.1559	long leg	$85	$6K	5x
Gate TRUMP_USDT	−0.0046%	4h	2.1570	+0.051%	$7.6M	$50.3M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1573	+0.065%	$952K	$933K	10x	as long as short
Bybit TRUMPUSDT	−0.0015%	4h	2.1570	+0.051%	$30.7M	$48.8M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1566	+0.031%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1568	+0.042%	$406K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1575	+0.072%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0027%	8h	2.1557	−0.009%	$5K	$175	5x	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	+0.0044%	4h	2.1581	+0.101%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1647	+0.408%	$106K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0068%	4h	2.1550	−0.042%	$4K	$235K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1607	+0.223%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1570	+0.051%	$426K	$830K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1570	+0.052%	$186K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1570	+0.053%	$62.4M	$238.4M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1570	+0.051%	$27.4M	$170.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	+0.051%	$414K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1590	+0.144%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	+0.097%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1599	+0.186%	$253K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.608%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.097%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.190%	$526K	$2.1M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1560	+0.002%	$74K	$750K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1547	−0.058%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1572	+0.059%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0291%	1h	2.1590	+0.144%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1570	+0.051%	$4.3M	$662K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1610	+0.237%	$280K	$284K	50x	as long as short