Funding you earn now, next payment 08:00 UTC−0.1423%/8h= −155.8% APRnext payment −$1.78 per $10,000 · paid last 24h −0.503%
Price spread now: Injective against SoDEX−0.349%62s7-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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Injective is 0.349% cheaper against SoDEX than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 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 | 2.1485 | −0.0374 | get 0.0047% / 1h | 6m 18s | $76 | $6K | 5x |
| Short | Injective TRUMP/USDC PERP | 2.1410 | −0.1797 | pay 0.0225% / 1h | 6m 18s | $12K | $157K | 12x |
SoDEX TRUMP-USD
Injective TRUMP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$298.75
- Price spread: −0.349% → 0.000%
- −$34.91
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$341.68
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Injective: live order book, 18 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 Injective live order book, 18 min ago | 35.19 bp | 35.2 bp −$35 | 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 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 PERPshort | −0.1797% | 1h | 2.1410 | −0.349% | $12K | $157K | 12x | |
| SoDEX TRUMP-USDlong | −0.0374% | 1h | 2.1485 | long leg | $76 | $6K | 5x | |
| Reya TRUMPRUSDPERP | −0.0245% | 1h | 2.1477 | −0.037% | $5 | — | 10x | as long as short |
| Variational Omni TRUMP | −0.0243% | 4h | 2.1482 | −0.012% | $663K | $423K | — | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.0215% | 1h | 2.1501 | +0.074% | $405K | $65K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.0202% | 4h | 2.1480 | −0.023% | $30.5M | $52.2M | 50x | as long as short |
| Binance TRUMPUSDT | −0.0194% | 4h | 2.1486 | +0.002% | $60.7M | $249.9M | 75x | as long as short |
| Extended TRUMP-USD | −0.0192% | 1h | 2.1500 | +0.069% | $74K | $496K | 25x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.0189% | 4h | 2.1490 | +0.023% | $26.8M | $183.9M | 50x | as long as short |
| Lighter TRUMP | −0.0184% | 1h | 2.1513 | +0.130% | $940K | $1.0M | 10x | as long as short |
Reya TRUMPRUSDPERP
Variational Omni TRUMP
Deribit TRUMP_USDC-PERPETUAL
Bybit TRUMPUSDT
Binance TRUMPUSDT
Extended TRUMP-USD
OKX TRUMP-USDT-SWAP
Lighter TRUMPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRUMP-USD-PERP | −0.0111% | 8h | 2.1513 | +0.128% | $5K | $175 | 5x | as long as short |
| Gate TRUMP_USDT | −0.0102% | 4h | 2.1500 | +0.070% | $7.7M | $53.4M | 75x | as long as short |
| edgeX TRUMPUSDC | −0.0094% | 4h | 2.1479 | −0.026% | $105K | $252K | 20x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.0074% | 4h | 2.1500 | +0.070% | $5K | $282K | 10x | as long as short |
| dYdX TRUMP-USD | −0.0007% | 1h | 2.1531 | +0.214% | $27K | $501 | 5x | as long as short |
| gTrade (Gains Network) TRUMP/USD | L +0.0008% / S −0.0007% | 1h | 2.1512 | +0.126% | $41K | — | 150x | as long as short |
| KuCoin TRUMPUSDTM | +0.0016% | 4h | 2.1500 | +0.070% | $4.1M | $10.8M | 50x | as long as short |
| Aevo TRUMP-PERP | +0.0032% | 1h | 2.1473 | −0.056% | $19K | — | 3x | as long as short |
| BloFin TRUMP-USDT | +0.0051% | 4h | 2.1510 | +0.116% | $4.1M | $689K | 75x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.0056% | 1h | 2.1330 | −0.721% | $167K | $479K | 50x | as long as short |
| Bitget TRUMPUSDT | +0.0074% | 4h | 2.1510 | +0.116% | $15.3M | $27.0M | 75x | as long as short |
| Hyperliquid TRUMP | +0.0100% | 1h | 2.1513 | +0.130% | $13.6M | $8.1M | 10x | as long as short |
| Aster TRUMPUSDT | +0.0100% | 4h | 2.1513 | +0.130% | $404K | $776K | 20x | as long as short |
| Pacifica TRUMP | +0.0100% | 1h | 2.1531 | +0.214% | $185K | $54K | 10x | as long as short |
| MEXC TRUMP_USDC | +0.0100% | 4h | 2.1490 | +0.023% | $400K | $149K | 125x | as long as short |
| GRVT TRUMP_USDT_Perp | +0.0100% | 4h | 2.1497 | +0.055% | $179K | $4.4M | 10x | as long as short |
| SunX TRUMP-USDT | +0.0100% | 4h | 2.1520 | +0.163% | $2K | $1.6M | 50x | as long as short |
| HTX TRUMP-USDT | +0.0100% | 4h | 2.1520 | +0.163% | $495K | $2.5M | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | L +0.0136% / S −0.0098% | 1h | 2.1517 | +0.148% | $9K | — | 100x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.0301% | 1h | 2.1542 | +0.265% | $383K | $418K | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.0597% | 1h | 2.1528 | +0.200% | $1.3M | $2.3M | 50x | as long as short |
Paradex TRUMP-USD-PERP
Gate TRUMP_USDT
edgeX TRUMPUSDC
Orderly PERP_TRUMP_USDC
dYdX TRUMP-USD
gTrade (Gains Network) TRUMP/USD
KuCoin TRUMPUSDTM
Aevo TRUMP-PERP
BloFin TRUMP-USDT
Coinbase International TRUMP-PERP-INTX
Bitget TRUMPUSDT
Hyperliquid TRUMP
Aster TRUMPUSDT
Pacifica TRUMP
MEXC TRUMP_USDC
GRVT TRUMP_USDT_Perp
SunX TRUMP-USDT
HTX TRUMP-USDT
GMX TRUMP/USD [ETH-USDC]
Backpack TRUMP_USDC_PERP
Kraken Futures PF_TRUMPUSD