Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h +0.006%

Price spread now: Paradex against SoDEX+0.027%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Paradex is 0.027% dearer against SoDEX than usual: you sell high and buy low: +$3 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	2.1797	−0.0200	get 0.0025% / 1h	39m 24s	$95	$6K	5x
Short	Paradex TRUMP-USD-PERP	2.1803	0.0035	get 0.0035% / 8h	3h 39m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.027%Rate

Funding earned: $49.31
Price spread: +0.027% → 0.000%: $2.71
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $40.03
Costs to cover: 0.120%
Break-even: 1.3 days

Slippage unknown: SoDEX: no order-book sample; Paradex: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

SoDEX and Paradex: 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	−0.1765%	1h	2.1650	−0.674%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0324%	4h	2.1780	−0.078%	$30.8M	$50.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1791	−0.025%	$5	—	10x	as long as short
SoDEX TRUMP-USDlong	−0.0200%	1h	2.1797	long leg	$95	$6K	5x
Deribit TRUMP_USDC-PERPETUAL	−0.0117%	1h	2.1807	+0.046%	$410K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0059%	4h	2.1776	−0.095%	$61.6M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1809	+0.054%	$75K	$721K	25x	as long as short
Gate TRUMP_USDT	−0.0034%	4h	2.1790	−0.032%	$7.8M	$51.3M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.027%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.120%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1826	+0.133%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	−0.014%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0032%	4h	2.1800	+0.014%	$4K	$172K	10x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0035%	8h	2.1803	+0.027%	$5K	$175	5x
Aevo TRUMP-PERP	+0.0072%	1h	2.1770	−0.124%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1801	+0.018%	$965K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1816	+0.089%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1815	+0.083%	$428K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1804	+0.034%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.078%	$27.9M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	+0.060%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1820	+0.106%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.106%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	+0.063%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1820	+0.106%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.151%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1796	−0.006%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1828	+0.142%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0190%	4h	2.1810	+0.060%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0366%	1h	2.1834	+0.170%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1850	+0.243%	$282K	$279K	50x	as long as short