TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0035%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.013%

Price spread now: Lighter against SoDEX−0.055%7-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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.055% cheaper against SoDEX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1759	0.0003	pay 0.0000% / 1h	24m 55s	$84	$6K	5x
Short	Lighter TRUMP	2.1747	−0.0032	pay 0.0004% / 1h	24m 55s	$968K	$795K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$7.44
Price spread: −0.055% → 0.000%: −$5.51
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.96
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 35 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 Lighter live order book, 35 min ago	1.60 bp	8.8 bp −$9	28.2 bp −$282	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	−0.1659%	1h	2.1580	−0.823%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1751	−0.037%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1770	+0.051%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMPshort	−0.0032%	1h	2.1747	−0.055%	$968K	$795K	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0026%	1h	2.1770	+0.051%	$410K	$72K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1755	−0.016%	$27K	$512	5x	as long as short
SoDEX TRUMP-USDlong	+0.0003%	1h	2.1759	long leg	$84	$6K	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1774	+0.071%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1783	+0.110%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1701	−0.265%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	+0.0050%	4h	2.1770	+0.051%	$31.0M	$48.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	+0.0073%	4h	2.1760	+0.005%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1776	+0.078%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1769	+0.046%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1769	+0.046%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1770	+0.051%	$62.9M	$237.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	+0.051%	$27.5M	$170.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	−0.041%	$417K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	+0.051%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.051%	$15.5M	$25.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1721	−0.177%	$682K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1728	−0.143%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.142%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.188%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1759	+0.002%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1760	+0.005%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0108%	1h	2.1777	+0.083%	$255K	$319K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1769	+0.048%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1785	+0.122%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.041%	$4.3M	$657K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.501%	$280K	$297K	50x	as long as short