TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0433%/8h= +47.4% APRpaid last 24h +0.098%

Price spread now: Coinbase International against Binance−1.049%53s7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.604% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.276%+$28 on $10k

Price spread, last 4 days (all we have)+1.109%+$111 · spread now −1.049%, 7d avg +0.090%

Together, before fees+1.386%+$139 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 1.139% cheaper against Binance than usual: you would sell low and buy high (spread −1.049% now, against its 7-day average of +0.090%). If the spread goes back, that is −$114 on $10k: about 8.8 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.276% in total) that is about 29 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.276% in total (about 14.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1748	−0.0033	get 0.0016% / 4h	3h 49m	$61.3M	$243.5M	75x
Short	Coinbase International TRUMP-PERP-INTX	2.1520	0.0400	get 0.0050% / 1h	49m 29s	$278K	$275K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −1.049%Rate

Funding earned: $90.83
Price spread: −1.049% → +0.090%: −$113.9
Slippage, 4 orders: −$40.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$83.44
Costs to cover: 0.604%
Break-even: 13.4 days

Slippage from Binance: live order book, 9 min ago; Coinbase International: live order book, 3 min ago.

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 Binance live order book, 9 min ago	2.32 bp	7.3 bp −$7	13.2 bp −$132	41.4 bp −$4,138	304.5 bp −$152.2K
Sell Coinbase International live order book, 3 min ago	13.74 bp	22.5 bp −$23	25.3 bp −$253	doesn't fit	doesn't fit

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	2.1670	−0.359%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1752	+0.016%	$5	—	10x	as long as short
Binance TRUMPUSDTlong	−0.0033%	4h	2.1748	long leg	$61.3M	$243.5M	75x
Extended TRUMP-USD	−0.0032%	1h	2.1779	+0.142%	$75K	$722K	25x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	−0.013%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1816	+0.313%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1799	+0.234%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.074%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	+0.152%	$676K	$514K	—	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.1790	+0.192%	$95	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0041%	4h	2.1740	−0.037%	$4K	$178K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0044%	8h	2.1790	+0.191%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1803	+0.253%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1793	+0.206%	$965K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1785	+0.169%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1801	+0.244%	$427K	$814K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	+0.220%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1750	+0.009%	$30.8M	$49.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1740	−0.037%	$27.7M	$176.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1770	+0.100%	$7.8M	$50.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1780	+0.146%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	+0.146%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.100%	$15.8M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.308%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.284%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	+0.284%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1761	+0.058%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1821	+0.336%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0210%	4h	2.1750	+0.009%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0400%	1h	2.1520	−1.049%	$278K	$275K	50x
Backpack TRUMP_USDC_PERP	+0.0439%	1h	2.1831	+0.381%	$343K	$375K	10x	as long as short