Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.071%

Price spread now: BloFin against SoDEX−0.138%56s7-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 BloFin

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

Funding pays, the price is against you. BloFin is 0.138% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 33 hours of funding at the current rate (+$10 a day). The two prices were read 56 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	2.1730	0.0003	pay 0.0000% / 1h	25m 41s	$84	$6K	5x
Short	BloFin TRUMP-USDT	2.1700	0.0340	get 0.0170% / 4h	1h 25m	$4.2M	$655K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.138%Rate

Funding earned: $70.77
Price spread: −0.138% → 0.000%: −$13.81
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $36.96
Costs to cover: 0.200%
Break-even: 3.3 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	4.60 bp	10.6 bp −$11	14.4 bp −$144	37.8 bp −$3,781	98.3 bp −$49.1K

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	2.1620	−0.506%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	+0.050%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1780	+0.230%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1750	+0.092%	$968K	$795K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1755	+0.117%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1741	+0.051%	$409K	$72K	10x	as long as short
SoDEX TRUMP-USDlong	+0.0003%	1h	2.1730	long leg	$84	$6K	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1745	+0.067%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1783	+0.244%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1780	+0.230%	$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	2.1802	+0.330%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1730	0.000%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1774	+0.202%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1760	+0.139%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1769	+0.179%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1770	+0.184%	$63.0M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	+0.230%	$27.4M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	+0.184%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	+0.184%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	+0.276%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.044%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.093%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1760	+0.138%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	+0.184%	$533K	$1.9M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0103%	1h	2.1762	+0.147%	$255K	$319K	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1754	+0.112%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1718	−0.057%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1739	+0.044%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1761	+0.144%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1700	−0.138%	$4.2M	$655K	75x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.368%	$280K	$297K	50x	as long as short