TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0601%/8h= −65.8% APRnext payment −$0.75 per $10,000 · paid last 24h −0.092%

Price spread now: SoDEX against Backpack−0.158%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$18 a day on $10k at the current rate, and SoDEX is 0.158% cheaper against Backpack than usual: you would sell low and buy high (−$16 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	Backpack TRUMP_USDC_PERP	2.1474	0.0171	pay 0.0021% / 1h	3m 03s	$384K	$391K	10x
Short	SoDEX TRUMP-USD	2.1440	−0.0429	pay 0.0054% / 1h	3m 03s	$82	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Backpack. 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 BackpackbpFee SoDEXbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$126.12
Price spread: −0.158% → 0.000%: −$15.83
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$159.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 44 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 Backpack live order book, 44 min ago	0.23 bp	7.9 bp −$8	doesn't fit	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 32 exchanges

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
SoDEX TRUMP-USDshort	−0.0429%	1h	2.1440	−0.158%	$82	$6K	5x
Variational Omni TRUMP	−0.0378%	4h	2.1449	−0.115%	$667K	$400K	—	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1438	−0.168%	$74K	$488K	25x	as long as short
Binance TRUMPUSDT	−0.0373%	4h	2.1445	−0.135%	$62.8M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0344%	4h	2.1440	−0.158%	$27.1M	$172.8M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1410	−0.298%	$128K	$521K	50x	as long as short
Bybit TRUMPUSDT	−0.0286%	4h	2.1450	−0.112%	$31.2M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0252%	4h	2.1430	−0.205%	$388K	$144K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1429	−0.208%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1443	−0.144%	$918K	$969K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0190%	4h	2.1440	−0.158%	$7.7M	$48.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0186%	4h	2.1429	−0.212%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0184%	4h	2.1440	−0.158%	$4.3M	$10.1M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0168%	8h	2.1433	−0.190%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0133%	4h	2.1440	−0.158%	$4.3M	$658K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1459	−0.070%	$385K	$79K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0095%	4h	2.1430	−0.205%	$5K	$293K	10x	as long as short
Bitget TRUMPUSDT	−0.0034%	4h	2.1460	−0.065%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1435	−0.182%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1455	−0.087%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0008%	4h	2.1445	−0.137%	$180K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1453	−0.097%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1483	+0.044%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.587%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1454	−0.093%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1453	−0.099%	$405K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1458	−0.075%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.028%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	−0.019%	$487K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1440	−0.158%	$252K	$563K	50x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0171%	1h	2.1474	long leg	$384K	$391K	10x
GMX TRUMP/USD [ETH-USDC]	L +0.0213% / S −0.0214%	1h	2.1467	−0.034%	$11K	—	100x	as long as short