TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h +0.022%

Price spread now: SoDEX against Deribit−0.073%7-day average — · you buy dearer than you sell

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

Long on Deribit 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—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.073% cheaper against Deribit than usual: you would sell low and buy high (−$7 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	Deribit TRUMP_USDC-PERPETUAL	2.1796	−0.0117	get 0.0015% / 1h	41m 24s	$410K	$72K	10x
Short	SoDEX TRUMP-USD	2.1780	−0.0151	pay 0.0019% / 1h	41m 24s	$95	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$7.18
Price spread: −0.073% → 0.000%: −$7.34
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$29.52
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 12 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 Deribit live order book, 12 min ago	6.42 bp	16.8 bp −$17	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 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	−0.1765%	1h	2.1740	−0.257%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.067%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0243%	4h	2.1800	+0.018%	$30.8M	$50.0M	50x	as long as short
SoDEX TRUMP-USDshort	−0.0151%	1h	2.1780	−0.073%	$95	$6K	5x
Deribit TRUMP_USDC-PERPETUALlong	−0.0117%	1h	2.1796	long leg	$410K	$72K	10x
Gate TRUMP_USDT	−0.0060%	4h	2.1800	+0.018%	$7.8M	$51.2M	75x	as long as short
Binance TRUMPUSDT	−0.0050%	4h	2.1800	+0.018%	$61.7M	$244.6M	75x	as long as short
Extended TRUMP-USD	−0.0048%	1h	2.1739	−0.262%	$75K	$722K	25x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	+0.024%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0022%	4h	2.1861	+0.298%	$107K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1786	−0.045%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1810	+0.064%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0033%	4h	2.1790	−0.028%	$4K	$172K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1737	−0.269%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1770	−0.118%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1771	−0.115%	$964K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1785	−0.048%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1760	−0.165%	$426K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1773	−0.106%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.028%	$27.9M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1780	−0.073%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	−0.119%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1780	−0.073%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	+0.202%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.064%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	+0.064%	$508K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1816	+0.093%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1808	+0.056%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0194%	4h	2.1880	+0.385%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0392%	1h	2.1815	+0.087%	$342K	$374K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1790	−0.028%	$282K	$279K	50x	as long as short