Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: SoDEX against Variational Omni+0.605%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on SoDEX

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: SoDEX is 0.605% dearer against Variational Omni than usual: you sell high and buy low, +$60 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	Variational Omni TRUMP	2.2101	0.0100	pay 0.0050% / 4h	3h 23m	$707K	$435K	—
Short	SoDEX TRUMP-USD	2.2235	0.0100	get 0.0013% / 1h	23m 09s	$77	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Variational Omni. 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 Variational OmnibpFee SoDEXbpOrdersPrice spread, now +0.605%Rate

Funding earned: $0
Price spread: +0.605% → 0.000%: $60.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $52.47
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 51 min ago; SoDEX: no order-book sample. 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 Variational Omni RFQ quote, 51 min ago	5.02 bp	doesn't fit	15.1 bp −$151	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	−0.1608%	1h	2.1910	−0.866%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2222	+0.544%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2209	+0.489%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2234	+0.600%	$417K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2235	+0.607%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2107	+0.027%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2232	+0.591%	$987K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2230	+0.582%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2214	+0.508%	$5K	$175	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2240	+0.629%	$463K	$836K	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	2.2209	+0.487%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2260	+0.718%	$63.7M	$222.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2240	+0.627%	$31.2M	$44.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2240	+0.627%	$27.6M	$155.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2250	+0.673%	$7.7M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2230	+0.582%	$482K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2250	+0.673%	$4.5M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2260	+0.718%	$16.3M	$22.0M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.2101	long leg	$707K	$435K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2167	+0.295%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2250	+0.673%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USDshort	+0.0100%	1h	2.2235	+0.605%	$77	$6K	5x
HTX TRUMP-USDT	+0.0100%	4h	2.2290	+0.854%	$563K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2230	+0.583%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2218	+0.530%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0165%	1h	2.2287	+0.840%	$14.4M	$6.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2237	+0.614%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2240	+0.627%	$4.2M	$643K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0476%	1h	2.2272	+0.772%	$283K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2280	+0.808%	$290K	$277K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0774%	1h	2.2263	+0.731%	$1.3M	$2.5M	50x	as long as short