Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: SoDEX against Variational Omni−0.170%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on SoDEX

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.170% cheaper against Variational Omni than usual: you would sell low and buy high, −$17 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	Variational Omni TRUMP	2.1892	0.0100	pay 0.0050% / 4h	1h 13m	$692K	$270K	—
Short	SoDEX TRUMP-USD	2.1855	0.0100	get 0.0013% / 1h	13m 15s	$74	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Variational Omni. 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 Variational OmnibpFee SoDEXbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → 0.000%: −$17.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$25.02
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; SoDEX: 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 Variational Omni RFQ quote, 6 min ago	5.00 bp	doesn't fit	14.0 bp −$140	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	2.1780	−0.513%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1842	−0.229%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0024%	1h	2.1853	−0.179%	$410K	$76K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1887	−0.024%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1856	−0.167%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1865	−0.124%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1850	−0.193%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1864	−0.130%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1871	−0.097%	$973K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1872	−0.093%	$14.0M	$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	2.1866	−0.120%	$455K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1872	−0.092%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1841	−0.234%	$62.3M	$219.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	−0.193%	$30.5M	$43.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.193%	$26.8M	$150.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1850	−0.193%	$7.3M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.239%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1860	−0.147%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	−0.193%	$15.5M	$21.1M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.1892	long leg	$692K	$270K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1900	+0.035%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1880	−0.056%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USDshort	+0.0100%	1h	2.1855	−0.170%	$74	$6K	5x
HTX TRUMP-USDT	+0.0100%	4h	2.1900	+0.035%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1851	−0.190%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1843	−0.224%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1850	−0.192%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	−0.102%	$4.2M	$515K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0345%	1h	2.1910	+0.081%	$259K	$274K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.127%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1881	−0.050%	$1.3M	$2.5M	50x	as long as short