Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.004%

Price spread now: SoDEX against Variational Omni−0.109%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.109% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 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	Variational Omni TRUMP	2.2051	0.0100	pay 0.0050% / 4h	2h 57m	$702K	$441K	—
Short	SoDEX TRUMP-USD	2.2027	0.0062	get 0.0008% / 1h	57m 59s	$86	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Variational Omni. 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 Variational OmnibpFee SoDEXbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$8.06
Price spread: −0.109% → 0.000%: −$10.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$27.01
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 11 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 Variational Omni RFQ quote, 11 min ago	4.94 bp	doesn't fit	17.3 bp −$173	doesn't fit	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	2.1990	−0.277%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0352%	1h	2.2030	−0.096%	$979K	$778K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	+0.047%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1956	−0.430%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2035	−0.073%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2044	−0.031%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.672%	$108K	$263K	20x	as long as short
SoDEX TRUMP-USDshort	+0.0062%	1h	2.2027	−0.109%	$86	$6K	5x
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1994	−0.259%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2040	−0.051%	$3K	$248K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2063	+0.054%	$14.4M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2037	−0.064%	$437K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1970	−0.370%	$191K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2069	+0.083%	$63.7M	$231.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2070	+0.086%	$31.3M	$46.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2080	+0.131%	$28.6M	$164.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2040	−0.051%	$7.8M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2020	−0.141%	$469K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2050	−0.005%	$4.1M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2080	+0.131%	$15.8M	$23.4M	75x	as long as short
Variational Omni TRUMPlong	+0.0100%	4h	2.2051	long leg	$702K	$441K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2080	+0.131%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2050	−0.005%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2130	+0.358%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2070	+0.084%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2037	−0.065%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.2070	+0.086%	$261K	$312K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2052	+0.006%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2100	+0.222%	$4.3M	$672K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2050	−0.005%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+0.811%	$292K	$286K	50x	as long as short