Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.001%
Price spread now: edgeX against SoDEX−0.055%45s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. edgeX is 0.055% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 32 hours of funding at the current rate (+$4 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 | 2.1415 | −0.0221 | get 0.0028% / 1h | 57m 34s | $82 | $6K | 5x |
| Short | edgeX TRUMPUSDC | 2.1403 | −0.0082 | pay 0.0041% / 4h | 57m 34s | $104K | $254K | 20x |
SoDEX TRUMP-USD
edgeX TRUMPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.3
- Price spread: −0.055% → 0.000%
- −$5.5
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $6.8
- Costs to cover
- 0.170%
- Break-even
- 5.4 days
Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 45 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 edgeX live order book, 45 min ago | 7.01 bp | 14.1 bp −$14 | 40.4 bp −$404 | 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 | −0.1797% | 1h | 2.1310 | −0.490% | $12K | $157K | 12x | as long as short |
| Reya TRUMPRUSDPERP | −0.0245% | 1h | 2.1391 | −0.110% | $5 | — | 10x | as long as short |
| SoDEX TRUMP-USDlong | −0.0221% | 1h | 2.1415 | long leg | $82 | $6K | 5x | |
| Binance TRUMPUSDT | −0.0163% | 4h | 2.1380 | −0.162% | $60.5M | $250.8M | 75x | as long as short |
| Extended TRUMP-USD | −0.0160% | 1h | 2.1379 | −0.168% | $74K | $522K | 25x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.0122% | 4h | 2.1380 | −0.163% | $26.5M | $183.8M | 50x | as long as short |
| Variational Omni TRUMP | −0.0118% | 4h | 2.1401 | −0.064% | $661K | $423K | — | as long as short |
| Gate TRUMP_USDT | −0.0098% | 4h | 2.1390 | −0.117% | $7.6M | $53.0M | 75x | as long as short |
| edgeX TRUMPUSDCshort | −0.0082% | 4h | 2.1403 | −0.055% | $104K | $254K | 20x | |
| Deribit TRUMP_USDC-PERPETUAL | −0.0077% | 1h | 2.1424 | +0.042% | $403K | $81K | 10x | as long as short |
Injective TRUMP/USDC PERP
Reya TRUMPRUSDPERP
Binance TRUMPUSDT
Extended TRUMP-USD
OKX TRUMP-USDT-SWAP
Variational Omni TRUMP
Gate TRUMP_USDT
Deribit TRUMP_USDC-PERPETUALShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit TRUMPUSDT | −0.0054% | 4h | 2.1400 | −0.070% | $30.4M | $52.6M | 50x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.0050% | 4h | 2.1410 | −0.023% | $5K | $261K | 10x | as long as short |
| Paradex TRUMP-USD-PERP | −0.0039% | 8h | 2.1384 | −0.144% | $5K | $175 | 5x | as long as short |
| Lighter TRUMP | −0.0032% | 1h | 2.1388 | −0.126% | $935K | $1.0M | 10x | as long as short |
| dYdX TRUMP-USD | 0.0000% | 1h | 2.1406 | −0.042% | $27K | $501 | 5x | as long as short |
| gTrade (Gains Network) TRUMP/USD | L +0.0008% / S −0.0007% | 1h | 2.1427 | +0.056% | $40K | — | 150x | as long as short |
| Aevo TRUMP-PERP | +0.0040% | 1h | 2.1410 | −0.023% | $19K | — | 3x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.0056% | 1h | 2.1410 | −0.023% | $175K | $454K | 50x | as long as short |
| KuCoin TRUMPUSDTM | +0.0068% | 4h | 2.1400 | −0.070% | $4.2M | $11.0M | 50x | as long as short |
| BloFin TRUMP-USDT | +0.0077% | 4h | 2.1410 | −0.023% | $4.1M | $700K | 75x | as long as short |
| Hyperliquid TRUMP | +0.0100% | 1h | 2.1419 | +0.019% | $13.5M | $8.2M | 10x | as long as short |
| Aster TRUMPUSDT | +0.0100% | 4h | 2.1405 | −0.048% | $402K | $778K | 20x | as long as short |
| Pacifica TRUMP | +0.0100% | 1h | 2.1410 | −0.022% | $184K | $54K | 10x | as long as short |
| MEXC TRUMP_USDC | +0.0100% | 4h | 2.1390 | −0.117% | $398K | $146K | 125x | as long as short |
| Bitget TRUMPUSDT | +0.0100% | 4h | 2.1390 | −0.117% | $15.2M | $27.0M | 75x | as long as short |
| GRVT TRUMP_USDT_Perp | +0.0100% | 4h | 2.1414 | −0.007% | $173K | $4.5M | 10x | as long as short |
| SunX TRUMP-USDT | +0.0100% | 4h | 2.1410 | −0.023% | $2K | $1.6M | 50x | as long as short |
| HTX TRUMP-USDT | +0.0100% | 4h | 2.1430 | +0.070% | $481K | $2.5M | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | L +0.0137% / S −0.0098% | 1h | 2.1430 | +0.068% | $9K | — | 100x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.0165% | 1h | 2.1451 | +0.168% | $380K | $416K | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.0599% | 1h | 2.1443 | +0.132% | $1.3M | $2.3M | 50x | as long as short |
Bybit TRUMPUSDT
Orderly PERP_TRUMP_USDC
Paradex TRUMP-USD-PERP
Lighter TRUMP
dYdX TRUMP-USD
gTrade (Gains Network) TRUMP/USD
Aevo TRUMP-PERP
Coinbase International TRUMP-PERP-INTX
KuCoin TRUMPUSDTM
BloFin TRUMP-USDT
Hyperliquid TRUMP
Aster TRUMPUSDT
Pacifica TRUMP
MEXC TRUMP_USDC
Bitget TRUMPUSDT
GRVT TRUMP_USDT_Perp
SunX TRUMP-USDT
HTX TRUMP-USDT
GMX TRUMP/USD [ETH-USDC]
Backpack TRUMP_USDC_PERP
Kraken Futures PF_TRUMPUSD