Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0151%/8h= +16.6% APRpaid last 24h +0.020%

Price spread now: OKX against SoDEX−0.033%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 OKX

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. OKX is 0.033% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1387	−0.0276	get 0.0035% / 1h	57m 04s	$82	$6K	5x
Short	OKX TRUMP-USDT-SWAP	2.1380	−0.0125	pay 0.0063% / 4h	57m 04s	$26.5M	$183.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $31.76
Price spread: −0.033% → 0.000%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $10.49
Costs to cover: 0.180%
Break-even: 4.7 days

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.34 bp	7.3 bp −$7	12.6 bp −$126	43.8 bp −$4,383	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	−0.360%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDlong	−0.0276%	1h	2.1387	long leg	$82	$6K	5x
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1401	+0.065%	$403K	$81K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1371	−0.073%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1390	+0.014%	$60.5M	$250.9M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1379	−0.038%	$74K	$493K	25x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0125%	4h	2.1380	−0.033%	$26.5M	$183.8M	50x
Variational Omni TRUMP	−0.0118%	4h	2.1401	+0.067%	$661K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1390	+0.014%	$7.6M	$53.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0082%	4h	2.1403	+0.076%	$104K	$254K	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	−0.0065%	4h	2.1390	+0.014%	$30.4M	$52.6M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0048%	4h	2.1400	+0.061%	$5K	$261K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0039%	8h	2.1384	−0.014%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1387	0.000%	$935K	$1.0M	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1406	+0.090%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1404	+0.080%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1383	−0.020%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1360	−0.126%	$173K	$454K	50x	as long as short
KuCoin TRUMPUSDTM	+0.0068%	4h	2.1390	+0.014%	$4.1M	$11.0M	50x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1380	−0.033%	$4.1M	$699K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1407	+0.094%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1407	+0.095%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1410	+0.109%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	+0.014%	$398K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	+0.014%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1414	+0.124%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.061%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.108%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1402	+0.071%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0211%	1h	2.1418	+0.145%	$379K	$417K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1418	+0.146%	$1.3M	$2.3M	50x	as long as short