Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h −0.071%

Price spread now: SoDEX against BloFin+0.041%7-day average — · you sell dearer than you buy

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

Long on BloFin 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—needs both histories

The price spread pays, funding is against you. SoDEX is 0.041% dearer against BloFin than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.1750	0.0340	pay 0.0170% / 4h	1h 24m	$4.3M	$657K	75x
Short	SoDEX TRUMP-USD	2.1759	0.0003	get 0.0000% / 1h	24m 54s	$84	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$70.68
Price spread: +0.041% → 0.000%: $4.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$86.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	4.60 bp	12.6 bp −$13	18.0 bp −$180	41.4 bp −$4,141	131.0 bp −$65.5K
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	−0.1659%	1h	2.1580	−0.782%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1751	+0.005%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1770	+0.092%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1747	−0.014%	$968K	$795K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0026%	1h	2.1770	+0.092%	$410K	$72K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1755	+0.025%	$27K	$512	5x	as long as short
SoDEX TRUMP-USDshort	+0.0003%	1h	2.1759	+0.041%	$84	$6K	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1774	+0.113%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1783	+0.151%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1701	−0.224%	$105K	$263K	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	+0.0050%	4h	2.1770	+0.092%	$31.0M	$48.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1760	+0.046%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1776	+0.120%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1769	+0.087%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1769	+0.087%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1770	+0.092%	$62.9M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	+0.092%	$27.5M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	0.000%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	+0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.092%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.135%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.102%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.184%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.230%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1759	+0.043%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1760	+0.046%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0108%	1h	2.1777	+0.124%	$255K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1769	+0.090%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1785	+0.163%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.1750	long leg	$4.3M	$657K	75x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.460%	$280K	$297K	50x	as long as short