Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.015%

Price spread now: Binance against SoDEX−0.013%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Binance

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX TRUMP-USD	2.1385	−0.0308	get 0.0038% / 1h	34m 43s	$78	$6K	5x
Short	Binance TRUMPUSDT	2.1382	−0.0171	pay 0.0085% / 4h	34m 43s	$60.5M	$251.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.013%Rate

Funding earned: $28.73
Price spread: −0.013% → 0.000%: −$1.34
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $9.39
Costs to cover: 0.180%
Break-even: 4.7 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 9 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 Binance live order book, 9 min ago	2.32 bp	11.9 bp −$12	16.5 bp −$165	38.9 bp −$3,889	197.1 bp −$98.5K

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	−0.1797%	1h	2.1310	−0.351%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0404%	1h	2.1384	−0.005%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USDlong	−0.0308%	1h	2.1385	long leg	$78	$6K	5x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1381	−0.019%	$5	—	10x	as long as short
Lighter TRUMP	−0.0208%	1h	2.1369	−0.075%	$934K	$1.0M	10x	as long as short
Variational Omni TRUMP	−0.0177%	4h	2.1391	+0.027%	$660K	$423K	—	as long as short
Binance TRUMPUSDTshort	−0.0171%	4h	2.1382	−0.013%	$60.5M	$251.0M	75x
OKX TRUMP-USDT-SWAP	−0.0170%	4h	2.1370	−0.070%	$26.6M	$183.7M	50x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1399	+0.066%	$76K	$492K	25x	as long as short
Bybit TRUMPUSDT	−0.0126%	4h	2.1370	−0.070%	$30.4M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0114%	4h	2.1400	+0.070%	$7.6M	$53.2M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0084%	8h	2.1389	+0.017%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0083%	4h	2.1405	+0.096%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1380	−0.023%	$5K	$271K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1400	+0.070%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1394	+0.043%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0030%	4h	2.1410	+0.117%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1372	−0.062%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1380	−0.023%	$169K	$470K	50x	as long as short
BloFin TRUMP-USDT	+0.0069%	4h	2.1390	+0.023%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1392	+0.033%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1399	+0.066%	$401K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1403	+0.084%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	+0.070%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.070%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.392%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.070%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.117%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1392	+0.031%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0268%	1h	2.1434	+0.229%	$381K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1420	+0.164%	$1.3M	$2.3M	50x	as long as short