TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0868%/8h= +95.1% APRnext payment +$1.09 per $10,000 · paid last 24h +0.069%

Price spread now: Backpack against SoDEX+0.125%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Backpack

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 for this trade now. Funding pays +$26 a day on $10k at the current rate, and Backpack is 0.125% dearer against SoDEX than usual: you sell high and buy low: +$13 more if the spread 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	SoDEX TRUMP-USD	2.1520	−0.0532	get 0.0066% / 1h	48m 08s	$84	$6K	5x
Short	Backpack TRUMP_USDC_PERP	2.1547	0.0337	get 0.0042% / 1h	48m 08s	$381K	$404K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now +0.125%Rate

Funding earned: $182.32
Price spread: +0.125% → 0.000%: $12.55
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $176.87
Costs to cover: 0.180%
Break-even: 0.2 days

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 65 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 65 min ago	0.23 bp	6.0 bp −$6	22.6 bp −$226	doesn't fit	doesn't fit

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	−0.1827%	1h	2.1360	−0.743%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USDlong	−0.0532%	1h	2.1520	long leg	$84	$6K	5x
Lighter TRUMP	−0.0456%	1h	2.1506	−0.065%	$951K	$994K	10x	as long as short
Bybit TRUMPUSDT	−0.0313%	4h	2.1490	−0.139%	$30.6M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1527	+0.030%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0233%	8h	2.1492	−0.132%	$5K	$175	5x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1509	−0.050%	$74K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0215%	4h	2.1502	−0.084%	$60.7M	$247.2M	75x	as long as short
Gate TRUMP_USDT	−0.0194%	4h	2.1510	−0.046%	$7.7M	$52.3M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0168%	1h	2.1543	+0.107%	$406K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	+0.052%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	−0.072%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0030%	1h	2.1504	−0.074%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1530	+0.046%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0023%	4h	2.1520	0.000%	$5K	$210K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0005%	4h	2.1480	−0.186%	$27.3M	$179.0M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1545	+0.115%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0031%	4h	2.1460	−0.279%	$4.2M	$644K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1511	−0.044%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1519	−0.005%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1532	+0.058%	$405K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1507	−0.060%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1510	−0.046%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1530	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1530	+0.046%	$15.5M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.046%	$490K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1550	+0.138%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1544	+0.109%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0337%	1h	2.1547	+0.125%	$381K	$404K	10x
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.372%	$281K	$305K	50x	as long as short