Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.002%

Price spread now: MEXC against SoDEX−0.161%53s7-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 MEXC

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

Funding pays, the price is against you. MEXC is 0.161% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.8 days of funding at the current rate (+$3 a day). The two prices were read 53 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	2.1725	0.0008	pay 0.0001% / 1h	27m 28s	$84	$6K	5x
Short	MEXC TRUMP_USDC	2.1690	0.0100	get 0.0050% / 4h	1h 27m	$416K	$150K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.161%Rate

Funding earned: $19.38
Price spread: −0.161% → 0.000%: −$16.11
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4.73
Costs to cover: 0.080%
Break-even: 8.7 days

Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 27 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 MEXC live order book, 27 min ago	4.58 bp	10.0 bp −$10	25.9 bp −$259	129.4 bp −$12.9K	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	−0.1659%	1h	2.1710	−0.069%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1696	−0.134%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0070%	4h	2.1710	−0.069%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1717	−0.037%	$967K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1745	+0.094%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1735	+0.046%	$409K	$72K	10x	as long as short
SoDEX TRUMP-USDlong	+0.0008%	1h	2.1725	long leg	$84	$6K	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	−0.049%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1698	−0.126%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1690	−0.161%	$30.9M	$48.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1802	+0.354%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0074%	4h	2.1730	+0.023%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1706	−0.087%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1720	−0.022%	$429K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1728	+0.012%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1700	−0.115%	$62.8M	$237.4M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	−0.253%	$27.4M	$169.8M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1690	−0.161%	$416K	$150K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1700	−0.115%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	−0.115%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.486%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.116%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	+0.253%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.253%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1699	−0.119%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1715	−0.046%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0110%	1h	2.1760	+0.161%	$255K	$320K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1757	+0.148%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1759	+0.155%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	+0.161%	$4.2M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.345%	$280K	$297K	50x	as long as short