TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0595%/8h= +65.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.069%

Price spread now: Backpack against SoDEX+0.184%7-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 Backpack

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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Backpack is 0.184% dearer against SoDEX than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1205	−0.0434	get 0.0054% / 1h	25m 28s	$83	$6K	5x
Short	Backpack TRUMP_USDC_PERP	2.1244	0.0161	get 0.0020% / 1h	25m 28s	$380K	$409K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.184%Rate

Funding earned: $125.04
Price spread: +0.184% → 0.000%: $18.39
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $125.43
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 23 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 Backpack live order book, 23 min ago	0.23 bp	6.0 bp −$6	14.2 bp −$142	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	−0.1827%	1h	2.1080	−0.589%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1260	+0.259%	$940K	$999K	10x	as long as short
SoDEX TRUMP-USDlong	−0.0434%	1h	2.1205	long leg	$83	$6K	5x
Bybit TRUMPUSDT	−0.0352%	4h	2.1290	+0.401%	$30.0M	$51.6M	50x	as long as short
Binance TRUMPUSDT	−0.0274%	4h	2.1288	+0.392%	$60.0M	$250.2M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1279	+0.349%	$77K	$746K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1277	+0.338%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0223%	8h	2.1292	+0.409%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0202%	4h	2.1212	+0.031%	$654K	$426K	—	as long as short
Gate TRUMP_USDT	−0.0172%	4h	2.1280	+0.354%	$7.6M	$53.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0135%	4h	2.1178	−0.126%	$103K	$263K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0070%	4h	2.1280	+0.354%	$26.6M	$180.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0047%	4h	2.1270	+0.307%	$5K	$223K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1215	+0.048%	$175K	$4.7M	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0033%	1h	2.1221	+0.075%	$400K	$72K	10x	as long as short
BloFin TRUMP-USDT	−0.0030%	4h	2.1160	−0.212%	$4.1M	$682K	75x	as long as short
dYdX TRUMP-USD	−0.0020%	1h	2.1286	+0.384%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1298	+0.439%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1190	−0.071%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1290	+0.401%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1289	+0.395%	$400K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1273	+0.321%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1280	+0.354%	$396K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1280	+0.354%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1290	+0.401%	$15.2M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1240	+0.165%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1240	+0.165%	$476K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1306	+0.476%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0161%	1h	2.1244	+0.184%	$380K	$409K	10x
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1226	+0.101%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	+0.024%	$241K	$341K	50x	as long as short