Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Variational Omni against SoDEX+0.215%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.215% dearer against SoDEX than usual: you sell high and buy low, +$21 on $10k if it 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	2.1815	0.0100	pay 0.0013% / 1h	13m 19s	$74	$6K	5x
Short	Variational Omni TRUMP	2.1862	0.0100	get 0.0050% / 4h	13m 19s	$638K	$377K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.215%Rate

Funding earned: $0
Price spread: +0.215% → 0.000%: $21.47
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $13.47
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago	5.02 bp	doesn't fit	14.9 bp −$149	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	−0.1537%	1h	2.1770	−0.206%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1814	−0.003%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1837	+0.100%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1822	+0.032%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1823	+0.037%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1848	+0.154%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1820	+0.023%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1810	−0.023%	$978K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1815	0.000%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1832	+0.079%	$454K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1836	+0.094%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1812	−0.013%	$62.7M	$226.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	+0.023%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	−0.023%	$27.1M	$152.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	+0.023%	$7.4M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	+0.023%	$473K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.115%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.023%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1862	+0.215%	$638K	$377K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1885	+0.321%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	+0.160%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USDlong	+0.0100%	1h	2.1815	long leg	$74	$6K	5x
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.160%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1811	−0.019%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1805	−0.046%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1820	+0.025%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0250%	1h	2.1843	+0.126%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	+0.206%	$4.2M	$641K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.123%	$285K	$390K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0473%	1h	2.1848	+0.151%	$256K	$283K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1837	+0.103%	$1.3M	$2.5M	50x	as long as short