Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h +0.002%

Price spread now: Gate against SoDEX−0.023%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 Gate

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 −$3 a day on $10k at the current rate, and Gate is 0.023% cheaper against SoDEX than usual: you would sell low and buy high (−$2 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	SoDEX TRUMP-USD	2.1845	−0.0024	get 0.0003% / 1h	52m 01s	$85	$6K	5x
Short	Gate TRUMP_USDT	2.1840	−0.0118	pay 0.0059% / 4h	1h 52m	$7.7M	$49.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$19.8
Price spread: −0.023% → 0.000%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.09
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	2.30 bp	13.8 bp −$14	24.7 bp −$247	67.5 bp −$6,745	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 30 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	−0.1659%	1h	2.1750	−0.435%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1836	−0.041%	$973K	$791K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1861	+0.075%	$5	—	10x	as long as short
Gate TRUMP_USDTshort	−0.0118%	4h	2.1840	−0.023%	$7.7M	$49.0M	75x
SoDEX TRUMP-USDlong	−0.0024%	1h	2.1845	long leg	$85	$6K	5x
dYdX TRUMP-USD	0.0000%	1h	2.1886	+0.188%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1847	+0.009%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1865	+0.090%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1853	+0.035%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0053%	8h	2.1855	+0.044%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0083%	4h	2.1830	−0.069%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1868	+0.103%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1857	+0.056%	$432K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1878	+0.151%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1840	−0.023%	$63.4M	$234.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1830	−0.069%	$31.3M	$48.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	−0.023%	$28.3M	$168.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.023%	$429K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.023%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	+0.023%	$15.7M	$24.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1868	+0.105%	$257K	$314K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1971	+0.579%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1859	+0.065%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	+0.114%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	+0.069%	$535K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1829	−0.072%	$116K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1830	−0.069%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1870	+0.116%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0287%	1h	2.1877	+0.149%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.710%	$285K	$303K	50x	as long as short