TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0349%/8h= −38.2% APRnext payment −$1.75 per $10,000 · paid last 24h −0.023%

Price spread now: Variational Omni against Bitget−0.093%7-day average −0.011% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$7 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.093%, 7d avg −0.011%

Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Variational Omni is 0.082% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.065% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1600	−0.0014	get 0.0007% / 4h	1h 57m	$15.5M	$25.2M	75x
Short	Variational Omni TRUMP	2.1580	−0.0363	pay 0.0182% / 4h	1h 57m	$670K	$398K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.093%Rate

Funding earned: −$73.3
Price spread: −0.093% → −0.011%: −$8.17
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$93.47
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 54 min ago. 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 Bitget live order book, 4 min ago	2.31 bp	9.2 bp −$9	12.6 bp −$126	44.8 bp −$4,478	doesn't fit
Sell Variational Omni RFQ quote, 54 min ago	5.05 bp	doesn't fit	16.9 bp −$169	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
SoDEX TRUMP-USD	−0.0479%	1h	2.1595	−0.023%	$71	$6K	5x	as long as short
Variational Omni TRUMPshort	−0.0363%	4h	2.1580	−0.093%	$670K	$398K	—
Bybit TRUMPUSDT	−0.0339%	4h	2.1580	−0.093%	$31.4M	$48.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0321%	4h	2.1570	−0.139%	$27.4M	$174.2M	50x	as long as short
Extended TRUMP-USD	−0.0312%	1h	2.1578	−0.102%	$75K	$491K	25x	as long as short
Binance TRUMPUSDT	−0.0309%	4h	2.1590	−0.046%	$63.4M	$237.9M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1580	−0.093%	$132K	$518K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0259%	1h	2.1600	0.000%	$388K	$78K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1582	−0.083%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0210%	4h	2.1590	−0.046%	$7.8M	$47.1M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0177%	8h	2.1598	−0.010%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0152%	4h	2.1588	−0.053%	$105K	$255K	20x	as long as short
MEXC TRUMP_USDC	−0.0130%	4h	2.1580	−0.093%	$390K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	−0.0122%	4h	2.1610	+0.046%	$4.3M	$10.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0081%	4h	2.1600	0.000%	$5K	$306K	10x	as long as short
Lighter TRUMP	−0.0080%	1h	2.1579	−0.097%	$929K	$950K	10x	as long as short
BloFin TRUMP-USDT	−0.0067%	4h	2.1610	+0.046%	$4.3M	$676K	75x	as long as short
Bitget TRUMPUSDTlong	−0.0014%	4h	2.1600	long leg	$15.5M	$25.2M	75x
dYdX TRUMP-USD	−0.0006%	1h	2.1635	+0.162%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1595	−0.023%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1620	+0.093%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1621	+0.099%	$1.3M	$2.0M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	0.000%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0044%	4h	2.1642	+0.194%	$181K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1601	+0.005%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1590	−0.046%	$407K	$644K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1623	+0.108%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1630	+0.139%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1620	+0.093%	$501K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1580	−0.093%	$138K	$335K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0193% / S −0.0189%	1h	2.1634	+0.158%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1622	+0.102%	$383K	$399K	10x	as long as short