Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.015%

Price spread now: SoDEX against Gate−0.093%7-day average — · you buy dearer than you sell

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

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SoDEX is 0.093% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1570	−0.0238	get 0.0119% / 4h	2h 15m	$7.8M	$48.5M	75x
Short	SoDEX TRUMP-USD	2.1550	−0.0329	pay 0.0041% / 1h	15m 14s	$67	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. 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 GatebpFee SoDEXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$19.16
Price spread: −0.093% → 0.000%: −$9.27
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$51.43
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	2.32 bp	11.7 bp −$12	28.9 bp −$289	69.5 bp −$6,950	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 32 exchanges

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	−0.1841%	1h	2.1600	+0.139%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0368%	4h	2.1560	−0.045%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0330%	4h	2.1550	−0.093%	$31.4M	$49.4M	50x	as long as short
SoDEX TRUMP-USDshort	−0.0329%	1h	2.1550	−0.093%	$67	$6K	5x
OKX TRUMP-USDT-SWAP	−0.0326%	4h	2.1540	−0.139%	$27.3M	$177.0M	50x	as long as short
Binance TRUMPUSDT	−0.0299%	4h	2.1550	−0.092%	$63.3M	$241.0M	75x	as long as short
Extended TRUMP-USD	−0.0296%	1h	2.1548	−0.101%	$74K	$494K	25x	as long as short
Lighter TRUMP	−0.0264%	1h	2.1547	−0.107%	$931K	$980K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1560	−0.044%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.232%	$133K	$516K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDTlong	−0.0238%	4h	2.1570	long leg	$7.8M	$48.5M	75x
Paradex TRUMP-USD-PERP	−0.0213%	8h	2.1553	−0.079%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0167%	1h	2.1570	0.000%	$387K	$78K	10x	as long as short
edgeX TRUMPUSDC	−0.0149%	4h	2.1544	−0.120%	$105K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0116%	4h	2.1560	−0.046%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0094%	4h	2.1540	−0.139%	$393K	$151K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0077%	4h	2.1560	−0.046%	$5K	$311K	10x	as long as short
BloFin TRUMP-USDT	−0.0059%	4h	2.1540	−0.139%	$4.3M	$678K	75x	as long as short
Bitget TRUMPUSDT	−0.0020%	4h	2.1570	0.000%	$15.4M	$25.6M	75x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1576	+0.026%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1544	−0.123%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1584	+0.064%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1574	+0.017%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0030%	4h	2.1560	−0.046%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1588	+0.083%	$13.7M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1560	−0.046%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1565	−0.023%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.046%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1570	0.000%	$496K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1560	−0.046%	$95K	$250K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0188% / S −0.0182%	1h	2.1578	+0.038%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0227%	1h	2.1583	+0.060%	$386K	$402K	10x	as long as short