TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.53 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Binance+0.183%7-day average −0.013% · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.183%, 7d avg −0.013%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.196% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1800	−0.0079	get 0.0040% / 4h	3h 29m	$61.7M	$245.1M	75x
Short	Orderly PERP_TRUMP_USDC	2.1840	0.0026	get 0.0013% / 4h	3h 29m	$3K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.183%Rate

Funding earned: $22.19
Price spread: +0.183% → −0.013%: $19.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $25.79
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; Orderly: 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 Binance live order book, 14 min ago	2.29 bp	8.1 bp −$8	14.2 bp −$142	40.9 bp −$4,086	268.4 bp −$134.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	2.1740	−0.275%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1841	+0.188%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0234%	1h	2.1845	+0.206%	$87	$6K	5x	as long as short
Binance TRUMPUSDTlong	−0.0079%	4h	2.1800	long leg	$61.7M	$245.1M	75x
Extended TRUMP-USD	−0.0072%	1h	2.1799	−0.007%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0032%	4h	2.1793	−0.033%	$106K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0016%	4h	2.1810	+0.046%	$7.8M	$51.5M	75x	as long as short
Variational Omni TRUMP	−0.0013%	4h	2.1871	+0.326%	$675K	$516K	—	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1836	+0.163%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1865	+0.298%	$411K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1854	+0.246%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0023%	8h	2.1793	−0.030%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0026%	4h	2.1840	+0.183%	$3K	$187K	10x
Aevo TRUMP-PERP	+0.0064%	1h	2.1857	+0.260%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1800	0.000%	$962K	$975K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1825	+0.115%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1820	+0.092%	$411K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1813	+0.060%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	+0.046%	$31.0M	$50.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1800	0.000%	$27.9M	$179.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	+0.046%	$409K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.092%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1820	+0.092%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.275%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.321%	$498K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0169%	4h	2.1870	+0.321%	$4.2M	$684K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1868	+0.312%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1857	+0.261%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0307%	1h	2.1861	+0.280%	$343K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1890	+0.413%	$283K	$279K	50x	as long as short