Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0276%/8h= +30.3% APRpaid last 24h +0.004%

Price spread now: Variational Omni against SoDEX+0.166%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Variational Omni is 0.166% dearer against SoDEX than usual: you sell high and buy low: +$17 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	2.1645	−0.0296	get 0.0037% / 1h	24m 03s	$86	$6K	5x
Short	Variational Omni TRUMP	2.1681	−0.0020	pay 0.0010% / 4h	3h 24m	$670K	$516K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.166%Rate

Funding earned: $58.05
Price spread: +0.166% → 0.000%: $16.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $66.68
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 30 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 Variational Omni RFQ quote, 30 min ago	5.03 bp	doesn't fit	17.8 bp −$178	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	−0.1765%	1h	2.1580	−0.300%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERP	−0.0308%	8h	2.1666	+0.095%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0304%	1h	2.1663	+0.083%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USDlong	−0.0296%	1h	2.1645	long leg	$86	$6K	5x
Gate TRUMP_USDT	−0.0266%	4h	2.1660	+0.069%	$7.8M	$51.8M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1651	+0.028%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0096%	1h	2.1649	+0.019%	$74K	$716K	25x	as long as short
Binance TRUMPUSDT	−0.0092%	4h	2.1660	+0.069%	$61.3M	$245.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0040%	4h	2.1704	+0.271%	$106K	$263K	20x	as long as short
Variational Omni TRUMPshort	−0.0020%	4h	2.1681	+0.166%	$670K	$516K	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0005%	1h	2.1699	+0.249%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1678	+0.153%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0019%	4h	2.1650	+0.023%	$3K	$190K	10x	as long as short
Bybit TRUMPUSDT	+0.0033%	4h	2.1660	+0.069%	$30.7M	$50.1M	50x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1648	+0.014%	$956K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1642	−0.014%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	+0.670%	$179K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1683	+0.176%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1688	+0.200%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1675	+0.139%	$186K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1660	+0.069%	$27.7M	$178.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1650	+0.023%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1660	+0.069%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1670	+0.116%	$15.7M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1680	+0.162%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1670	+0.116%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0151%	4h	2.1720	+0.347%	$4.2M	$665K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1678	+0.153%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1674	+0.132%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0229%	1h	2.1688	+0.199%	$340K	$377K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1660	+0.069%	$280K	$276K	50x	as long as short