TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0111%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.026%

Price spread now: Deribit against SoDEX+0.162%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 Deribit

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 +$3 a day on $10k at the current rate, and Deribit is 0.162% dearer against SoDEX than usual: you sell high and buy low: +$16 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	2.1655	−0.0111	get 0.0014% / 1h	49m 54s	$84	$6K	5x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1690	0	get 0.0000% / 1h	49m 54s	$408K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.162%Rate

Funding earned: $23.29
Price spread: +0.162% → 0.000%: $16.16
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.45
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Deribit: live order book, 14 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 Deribit live order book, 14 min ago	6.82 bp	10.3 bp −$10	doesn't fit	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 30 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	2.1770	+0.531%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1680	+0.115%	$965K	$792K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1686	+0.142%	$5	—	10x	as long as short
SoDEX TRUMP-USDlong	−0.0111%	1h	2.1655	long leg	$84	$6K	5x
Gate TRUMP_USDT	−0.0110%	4h	2.1700	+0.208%	$7.6M	$49.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1780	+0.577%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1690	+0.162%	$408K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	+0.228%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.705%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0054%	8h	2.1800	+0.668%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0082%	4h	2.1690	+0.162%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1718	+0.291%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1704	+0.228%	$429K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	+0.650%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1720	+0.302%	$63.0M	$235.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1720	+0.300%	$31.1M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1720	+0.300%	$27.9M	$168.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	+0.346%	$427K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1730	+0.346%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1740	+0.393%	$15.6M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1718	+0.291%	$255K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.812%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	+0.947%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.300%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.346%	$530K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1724	+0.320%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1675	+0.092%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1707	+0.239%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1680	+0.117%	$1.2M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	+0.254%	$281K	$300K	50x	as long as short