Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.004%

Price spread now: SoDEX against OKX−0.327%56s7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.327% cheaper against OKX than usual: you would sell low and buy high, −$33 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	OKX TRUMP-USDT-SWAP	2.2030	0.0100	pay 0.0050% / 4h	2h 37m	$28.9M	$170.0M	50x
Short	SoDEX TRUMP-USD	2.1958	0.0094	get 0.0012% / 1h	37m 24s	$80	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against OKX. 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 OKXbpFee SoDEXbpOrdersPrice spread, now −0.327%Rate

Funding earned: −$1.35
Price spread: −0.327% → 0.000%: −$32.68
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$52.03
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	2.27 bp	9.2 bp −$9	13.4 bp −$134	42.0 bp −$4,201	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	−0.1623%	1h	2.1980	−0.227%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	+0.144%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0023%	1h	2.1974	−0.254%	$414K	$80K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2087	+0.261%	$28K	$512	5x	as long as short
Gate TRUMP_USDT	+0.0008%	4h	2.2070	+0.182%	$7.8M	$48.8M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2055	+0.112%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	+0.167%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2084	+0.244%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2050	+0.091%	$3K	$237K	10x	as long as short
SoDEX TRUMP-USDshort	+0.0094%	1h	2.1958	−0.327%	$80	$6K	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2061	+0.141%	$980K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2093	+0.286%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2091	+0.276%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2088	+0.265%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2059	+0.134%	$64.0M	$236.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2040	+0.045%	$31.6M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.2030	long leg	$28.9M	$170.0M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.2040	+0.045%	$439K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2070	+0.182%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2050	+0.091%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.189%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	+0.210%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2060	+0.136%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2010	−0.091%	$564K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2070	+0.180%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1960	−0.319%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2061	+0.143%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	2.1984	−0.209%	$257K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.908%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1979	−0.233%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.318%	$286K	$307K	50x	as long as short