Funding arb · Price arb /

TRUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Pacifica against SoDEX+0.052%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 Pacifica

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 airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.052% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it 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	2.1895	0.0100	pay 0.0013% / 1h	16m 17s	$72	$6K	5x
Short	Pacifica TRUMP	2.1906	0.0100	get 0.0013% / 1h	16m 17s	$189K	$59K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → 0.000%: $5.21
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$10.79
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Pacifica: live order book, 2 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 Pacifica live order book, 2 min ago	4.57 bp	19.8 bp −$20	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 PERP	−0.1472%	1h	2.1770	−0.571%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1912	+0.078%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1887	−0.036%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1913	+0.082%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1915	+0.090%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1910	+0.068%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1900	+0.023%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1904	+0.039%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1891	−0.018%	$974K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1938	+0.196%	$14.1M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1920	+0.116%	$456K	$833K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1906	+0.052%	$189K	$59K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1914	+0.085%	$62.5M	$219.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	+0.069%	$30.6M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	+0.114%	$26.9M	$150.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	+0.069%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	+0.023%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.114%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	+0.114%	$15.5M	$21.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1892	−0.012%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1870	−0.114%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.114%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USDlong	+0.0100%	1h	2.1895	long leg	$72	$6K	5x
HTX TRUMP-USDT	+0.0100%	4h	2.1950	+0.251%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1901	+0.026%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1905	+0.046%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1913	+0.081%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.206%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0348%	1h	2.1918	+0.105%	$262K	$272K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.114%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1924	+0.134%	$1.3M	$2.5M	50x	as long as short