TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.6% APRnext payment −$1.44 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget+0.047%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.047%, 7d avg −0.006%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.052% dearer against Bitget than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.006%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.039% in total) that is about 9.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.44 per $10,000. 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	Bitget TRUMPUSDT	2.1480	0.0062	pay 0.0031% / 4h	1m 15s	$15.4M	$27.0M	75x
Short	Bybit TRUMPUSDT	2.1490	−0.0227	pay 0.0113% / 4h	1m 15s	$30.5M	$52.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$60.64
Price spread: +0.047% → −0.006%: $5.21
Slippage, 4 orders: −$18.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.9
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago	2.33 bp	8.3 bp −$8	12.4 bp −$124	40.0 bp −$4,001	doesn't fit
Sell Bybit live order book, 3 min ago	2.33 bp	7.8 bp −$8	15.9 bp −$159	98.9 bp −$9,888	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	−0.1797%	1h	2.1350	−0.605%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0406%	1h	2.1477	−0.014%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	+0.010%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	+0.010%	$5	—	10x	as long as short
Bybit TRUMPUSDTshort	−0.0227%	4h	2.1490	+0.047%	$30.5M	$52.3M	50x
Extended TRUMP-USD	−0.0208%	1h	2.1470	−0.048%	$74K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0207%	4h	2.1500	+0.093%	$60.8M	$249.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0206%	4h	2.1480	0.000%	$26.8M	$183.9M	50x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1476	−0.019%	$939K	$1.0M	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0129%	8h	2.1469	−0.050%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1495	+0.070%	$405K	$65K	10x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1490	+0.047%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	−0.178%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1480	0.000%	$5K	$287K	10x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1497	+0.079%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	−0.0002%	4h	2.1490	+0.047%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	+0.112%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	0.000%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0033%	4h	2.1470	−0.047%	$4.2M	$687K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1420	−0.279%	$167K	$480K	50x	as long as short
Bitget TRUMPUSDTlong	+0.0062%	4h	2.1480	long leg	$15.4M	$27.0M	75x
Hyperliquid TRUMP	+0.0100%	1h	2.1511	+0.144%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1517	+0.173%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1490	+0.047%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1490	+0.047%	$400K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	−0.001%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.140%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1499	+0.090%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0292%	1h	2.1512	+0.149%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1506	+0.122%	$1.3M	$2.3M	50x	as long as short