Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.016%

Price spread now: Binance against SoDEX−0.070%45s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Binance

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

Funding pays, the price is against you. Binance is 0.070% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.2 days of funding at the current rate (+$2 a day). 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	2.1455	−0.0383	get 0.0048% / 1h	43m 32s	$78	$6K	5x
Short	Binance TRUMPUSDT	2.1440	−0.0327	pay 0.0164% / 4h	1h 43m	$62.9M	$237.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.070%Rate

Funding earned: $11.74
Price spread: −0.070% → 0.000%: −$6.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.25
Costs to cover: 0.180%
Break-even: 14.9 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 8 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 Binance live order book, 8 min ago	2.33 bp	7.3 bp −$7	11.6 bp −$116	37.8 bp −$3,784	197.8 bp −$98.9K

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	+0.021%	$668K	$399K	—	as long as short
SoDEX TRUMP-USDlong	−0.0383%	1h	2.1455	long leg	$78	$6K	5x
Bybit TRUMPUSDT	−0.0379%	4h	2.1440	−0.070%	$31.3M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0355%	4h	2.1430	−0.117%	$27.3M	$172.5M	50x	as long as short
Binance TRUMPUSDTshort	−0.0327%	4h	2.1440	−0.070%	$62.9M	$237.6M	75x
Extended TRUMP-USD	−0.0320%	1h	2.1428	−0.127%	$74K	$491K	25x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.210%	$131K	$514K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1462	+0.033%	$385K	$78K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1430	−0.118%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0240%	4h	2.1450	−0.023%	$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	−0.086%	$5K	$175	5x	as long as short
MEXC TRUMP_USDC	−0.0170%	4h	2.1450	−0.023%	$388K	$142K	125x	as long as short
edgeX TRUMPUSDC	−0.0161%	4h	2.1432	−0.107%	$105K	$254K	20x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1459	+0.019%	$922K	$955K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0140%	4h	2.1440	−0.070%	$4.2M	$10.1M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1440	−0.070%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0081%	4h	2.1450	−0.023%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0032%	4h	2.1470	+0.070%	$15.4M	$25.0M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1475	+0.093%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1439	−0.075%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1461	+0.026%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1484	+0.137%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.676%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1477	+0.104%	$185K	$4.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1473	+0.084%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1470	+0.070%	$404K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1459	+0.021%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.117%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	−0.117%	$496K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1480	+0.117%	$154K	$369K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0167%	1h	2.1491	+0.168%	$381K	$394K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0197% / S −0.0194%	1h	2.1456	+0.007%	$11K	—	100x	as long as short