Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.005%

Price spread now: SoDEX against OKX+0.023%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.023% dearer against OKX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1810	0.0100	pay 0.0050% / 4h	1h 24m	$27.5M	$170.8M	50x
Short	SoDEX TRUMP-USD	2.1815	0.0008	get 0.0001% / 1h	24m 00s	$84	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$19.41
Price spread: +0.023% → 0.000%: $2.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	2.30 bp	8.9 bp −$9	14.0 bp −$140	42.0 bp −$4,195	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	−0.1659%	1h	2.1580	−1.055%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1811	+0.005%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0050%	4h	2.1820	+0.046%	$7.7M	$50.1M	75x	as long as short
Lighter TRUMP	−0.0016%	1h	2.1819	+0.041%	$971K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1766	−0.202%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1825	+0.069%	$411K	$72K	10x	as long as short
SoDEX TRUMP-USDshort	+0.0008%	1h	2.1815	+0.023%	$84	$6K	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1822	+0.057%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0039%	8h	2.1773	−0.170%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0045%	4h	2.1820	+0.046%	$31.1M	$48.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1701	−0.498%	$105K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1810	0.000%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1851	+0.188%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1833	+0.107%	$432K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1780	−0.136%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1823	+0.061%	$63.1M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1810	long leg	$27.5M	$170.8M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	+0.046%	$418K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	+0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.092%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.410%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.376%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1820	+0.046%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	−0.092%	$534K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1809	−0.003%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1826	+0.075%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0112%	1h	2.1859	+0.225%	$256K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1820	+0.046%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0287%	1h	2.1841	+0.140%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.275%	$4.3M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.734%	$280K	$297K	50x	as long as short