Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.020%

Price spread now: SoDEX against edgeX−0.187%75s7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SoDEX is 0.187% cheaper against edgeX than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.1435	−0.0188	get 0.0094% / 4h	53m 53s	$105K	$252K	20x
Short	SoDEX TRUMP-USD	2.1395	−0.0461	pay 0.0058% / 1h	53m 53s	$80	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against edgeX. 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 edgeXbpFee SoDEXbpOrdersPrice spread, now −0.187%Rate

Funding earned: −$57.29
Price spread: −0.187% → 0.000%: −$18.74
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$93.03
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 52 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 edgeX live order book, 52 min ago	9.33 bp	16.5 bp −$16	42.4 bp −$424	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	−0.0461%	1h	2.1395	−0.187%	$80	$6K	5x
Extended TRUMP-USD	−0.0376%	1h	2.1378	−0.269%	$74K	$483K	25x	as long as short
Binance TRUMPUSDT	−0.0375%	4h	2.1382	−0.247%	$62.5M	$236.5M	75x	as long as short
Variational Omni TRUMP	−0.0374%	4h	2.1409	−0.121%	$666K	$399K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0321%	4h	2.1390	−0.211%	$27.0M	$172.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1410	−0.117%	$128K	$521K	50x	as long as short
Bybit TRUMPUSDT	−0.0312%	4h	2.1380	−0.257%	$31.1M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0262%	4h	2.1380	−0.257%	$387K	$142K	125x	as long as short
Lighter TRUMP	−0.0248%	1h	2.1367	−0.318%	$913K	$929K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1379	−0.260%	$5	—	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	−0.0224%	4h	2.1390	−0.211%	$7.7M	$46.2M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0220%	4h	2.1380	−0.257%	$4.3M	$10.1M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1403	−0.150%	$384K	$79K	10x	as long as short
edgeX TRUMPUSDClong	−0.0188%	4h	2.1435	long leg	$105K	$252K	20x
Paradex TRUMP-USD-PERP	−0.0165%	8h	2.1387	−0.227%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0135%	4h	2.1430	−0.024%	$4.3M	$658K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0091%	4h	2.1390	−0.211%	$5K	$292K	10x	as long as short
Bitget TRUMPUSDT	−0.0030%	4h	2.1410	−0.117%	$15.5M	$24.7M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1381	−0.251%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1434	−0.004%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1410	−0.117%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0016%	4h	2.1450	+0.069%	$180K	$4.0M	10x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.397%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1397	−0.178%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1400	−0.166%	$404K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1408	−0.127%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	−0.024%	$1K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1420	−0.071%	$486K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1420	−0.071%	$269K	$597K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0202%	1h	2.1422	−0.061%	$382K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0219%	1h	2.1414	−0.098%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0327%	1h	2.1435	−0.002%	$1.4M	$2.1M	50x	as long as short