Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h +0.003%

Price spread now: Orderly against SoDEX+0.014%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 Orderly

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1817	0.0029	pay 0.0004% / 1h	29m 46s	$84	$6K	5x
Short	Orderly PERP_TRUMP_USDC	2.1820	0.0076	get 0.0038% / 4h	1h 29m	$4K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.014%Rate

Funding earned: $9.79
Price spread: +0.014% → 0.000%: $1.38
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.83
Costs to cover: 0.140%
Break-even: 9.0 days

Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

SoDEX and Orderly: 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	2.1680	−0.628%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1821	+0.019%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0082%	4h	2.1820	+0.014%	$7.7M	$49.9M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1810	−0.032%	$971K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1856	+0.177%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1829	+0.055%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1840	+0.105%	$42K	—	150x	as long as short
SoDEX TRUMP-USDlong	+0.0029%	1h	2.1817	long leg	$84	$6K	5x
Paradex TRUMP-USD-PERP	+0.0042%	8h	2.1835	+0.081%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.258%	$106K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	+0.0065%	4h	2.1820	+0.014%	$31.1M	$48.4M	50x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0076%	4h	2.1820	+0.014%	$4K	$239K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1840	+0.104%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1830	+0.061%	$432K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1843	+0.118%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1820	+0.014%	$63.1M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.014%	$27.6M	$171.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	+0.014%	$428K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	+0.060%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.014%	$15.6M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.062%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1790	−0.125%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	+0.243%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	+0.197%	$535K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1799	−0.083%	$116K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1809	−0.036%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0129%	1h	2.1845	+0.128%	$256K	$321K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1845	+0.130%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0287%	1h	2.1846	+0.133%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1820	+0.014%	$4.3M	$659K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.765%	$280K	$297K	50x	as long as short