Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.004%

Price spread now: Aster against SoDEX+0.091%45s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.091% dearer against SoDEX than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	SoDEX TRUMP-USD	2.2048	0.0095	pay 0.0012% / 1h	36m 31s	$80	$6K	5x
Short	Aster TRUMPUSDT	2.2068	0.0100	get 0.0050% / 4h	2h 36m	$436K	$861K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0.99
Price spread: +0.091% → 0.000%: $9.13
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.88
Costs to cover: 0.160%
Break-even: 48.4 days

Slippage unknown: SoDEX: no order-book sample; Aster: live order book, 31 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster live order book, 31 min ago	4.45 bp	9.7 bp −$10	22.7 bp −$227	doesn't fit	doesn't fit

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	−0.1623%	1h	2.1900	−0.671%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2137	+0.402%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2057	+0.039%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2041	−0.032%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2134	+0.391%	$43K	—	150x	as long as short
Gate TRUMP_USDT	+0.0014%	4h	2.2090	+0.190%	$7.8M	$48.8M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	+0.085%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2098	+0.225%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2050	+0.009%	$3K	$237K	10x	as long as short
SoDEX TRUMP-USDlong	+0.0095%	1h	2.2048	long leg	$80	$6K	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2060	+0.054%	$980K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2159	+0.503%	$14.8M	$7.0M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.2068	+0.091%	$436K	$861K	20x
Pacifica TRUMP	+0.0100%	1h	2.2081	+0.150%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2128	+0.365%	$64.2M	$236.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2120	+0.327%	$31.7M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2120	+0.327%	$29.0M	$170.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2130	+0.372%	$441K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	+0.327%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2150	+0.463%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.107%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	+0.128%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2060	+0.054%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2090	+0.190%	$565K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2099	+0.233%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1960	−0.400%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2061	+0.061%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0309%	1h	2.2078	+0.136%	$258K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.825%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2069	+0.093%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.236%	$286K	$307K	50x	as long as short