TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.014%

Price spread now: edgeX against Binance+0.109%50s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as 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−$430.430% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.109%, 7d avg −0.011%

Together, before fees−0.034%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.120% dearer against Binance than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.011%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.0 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1865	0.0100	pay 0.0050% / 4h	26m 34s	$62.8M	$225.5M	75x
Short	edgeX TRUMPUSDC	2.1889	0.0050	get 0.0025% / 4h	26m 34s	$119K	$248K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$10.5
Price spread: +0.109% → −0.011%: $11.97
Slippage, 4 orders: −$24.03
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$41.56
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; edgeX: live order book, 51 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, 2 min ago	2.29 bp	7.3 bp −$7	12.3 bp −$123	35.5 bp −$3,550	230.2 bp −$115.1K
Sell edgeX live order book, 51 min ago	6.85 bp	14.2 bp −$14	101.4 bp −$1,014	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	−0.1537%	1h	2.1770	−0.436%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1882	+0.078%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1882	+0.076%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1897	+0.144%	$411K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1888	+0.103%	$41K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1889	+0.109%	$119K	$248K	20x
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1890	+0.112%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1866	+0.003%	$981K	$740K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1861	−0.021%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1904	+0.174%	$456K	$832K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1877	+0.054%	$188K	$60K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.1865	long leg	$62.8M	$225.5M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1860	−0.025%	$30.8M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	−0.025%	$27.3M	$152.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	+0.021%	$7.4M	$48.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.025%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	+0.158%	$4.6M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1860	−0.025%	$15.4M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1902	+0.169%	$640K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	+0.104%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	+0.250%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1892	+0.122%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.295%	$556K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1851	−0.066%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1893	+0.125%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1891	+0.118%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0319%	1h	2.1910	+0.204%	$14.1M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1890	+0.112%	$4.2M	$635K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.890%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0482%	1h	2.1933	+0.309%	$257K	$281K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1915	+0.226%	$1.3M	$2.5M	50x	as long as short