Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h +0.008%

Price spread now: SoDEX against edgeX−0.259%75s7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.259% cheaper against edgeX than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.1571	−0.0008	get 0.0004% / 4h	7m 48s	$105K	$263K	20x
Short	SoDEX TRUMP-USD	2.1515	−0.0096	pay 0.0012% / 1h	7m 48s	$94	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against edgeX. 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 edgeXbpFee SoDEXbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$18.47
Price spread: −0.259% → 0.000%: −$25.95
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$61.42
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 50 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 edgeX live order book, 50 min ago	6.97 bp	14.6 bp −$15	38.9 bp −$389	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	−0.1690%	1h	2.1420	−0.700%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1511	−0.276%	$5	—	10x	as long as short
SoDEX TRUMP-USDshort	−0.0096%	1h	2.1515	−0.259%	$94	$6K	5x
Gate TRUMP_USDT	−0.0042%	4h	2.1520	−0.236%	$7.6M	$51.2M	75x	as long as short
Binance TRUMPUSDT	−0.0024%	4h	2.1497	−0.342%	$60.4M	$242.2M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1499	−0.334%	$74K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0011%	4h	2.1571	0.000%	$666K	$488K	—	as long as short
Lighter TRUMP	−0.0008%	1h	2.1502	−0.320%	$951K	$957K	10x	as long as short
edgeX TRUMPUSDClong	−0.0008%	4h	2.1571	long leg	$105K	$263K	20x
dYdX TRUMP-USD	−0.0002%	1h	2.1516	−0.254%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1523	−0.222%	$405K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1524	−0.217%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0035%	8h	2.1501	−0.325%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1510	−0.283%	$4K	$199K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1505	−0.306%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1523	−0.222%	$13.6M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1519	−0.241%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1511	−0.279%	$185K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1490	−0.375%	$30.4M	$49.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1490	−0.375%	$27.2M	$173.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1510	−0.283%	$404K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1510	−0.283%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1520	−0.236%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1535	−0.167%	$342K	$366K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	−0.144%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	−0.144%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	−0.190%	$502K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1521	−0.233%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0220%	4h	2.1540	−0.144%	$4.1M	$682K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1543	−0.131%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1530	−0.190%	$278K	$276K	50x	as long as short