TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0416%/8h= −45.6% APRnext payment −$0.52 per $10,000 · paid last 24h +0.494%

Price spread now: SoDEX against Injective−0.671%58s7-day average — · you buy dearer than you sell

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

Long on Injective 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 −$12 a day on $10k at the current rate, and SoDEX is 0.671% cheaper against Injective than usual: you would sell low and buy high (−$67 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	Injective TRUMP/USDC PERP	2.1600	0.0033	pay 0.0004% / 1h	43m 28s	$13K	$157K	12x
Short	SoDEX TRUMP-USD	2.1455	−0.0383	pay 0.0048% / 1h	43m 28s	$78	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Injective. 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 InjectivebpFee SoDEXbpOrdersPrice spread, now −0.671%Rate

Funding earned: −$87.45
Price spread: −0.671% → 0.000%: −$67.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$162.6
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 3 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 Injective live order book, 3 min ago	30.32 bp	58.2 bp −$58	doesn't fit	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 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
Variational Omni TRUMP	−0.0413%	4h	2.1460	−0.650%	$668K	$399K	—	as long as short
SoDEX TRUMP-USDshort	−0.0383%	1h	2.1455	−0.671%	$78	$6K	5x
Bybit TRUMPUSDT	−0.0379%	4h	2.1450	−0.694%	$31.3M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0355%	4h	2.1440	−0.741%	$27.3M	$172.5M	50x	as long as short
Extended TRUMP-USD	−0.0328%	1h	2.1448	−0.705%	$74K	$491K	25x	as long as short
Binance TRUMPUSDT	−0.0327%	4h	2.1450	−0.694%	$62.9M	$237.6M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.880%	$131K	$514K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1462	−0.639%	$385K	$78K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1430	−0.788%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0240%	4h	2.1450	−0.694%	$7.8M	$47.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0183%	8h	2.1436	−0.757%	$5K	$175	5x	as long as short
MEXC TRUMP_USDC	−0.0170%	4h	2.1430	−0.787%	$388K	$142K	125x	as long as short
edgeX TRUMPUSDC	−0.0161%	4h	2.1432	−0.778%	$105K	$254K	20x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1459	−0.653%	$922K	$955K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0140%	4h	2.1440	−0.741%	$4.2M	$10.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0084%	4h	2.1450	−0.694%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0081%	4h	2.1450	−0.694%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0032%	4h	2.1470	−0.602%	$15.4M	$25.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1475	−0.579%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1445	−0.716%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1461	−0.645%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1484	−0.535%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERPlong	+0.0033%	1h	2.1600	long leg	$13K	$157K	12x
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1477	−0.568%	$185K	$4.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1456	−0.667%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1469	−0.604%	$404K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1459	−0.651%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	−0.556%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	−0.787%	$496K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1480	−0.556%	$154K	$369K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0167%	1h	2.1491	−0.505%	$381K	$394K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0197% / S −0.0194%	1h	2.1456	−0.665%	$11K	—	100x	as long as short