TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.066%

Price spread now: Bybit against BloFin0.000%102s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$460.459% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$34 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.011%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 102 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	BloFin TRUMP-USDT	2.1850	0.0340	pay 0.0170% / 4h	2h 09m	$4.2M	$503K	75x
Short	Bybit TRUMPUSDT	2.1850	0.0100	get 0.0050% / 4h	2h 09m	$30.5M	$42.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$50.4
Price spread: 0.000% → −0.011%: $1.08
Slippage, 4 orders: −$22.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.18
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; Bybit: live order book, 9 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 BloFin live order book, 9 min ago	2.28 bp	15.2 bp −$15	19.3 bp −$193	42.4 bp −$4,240	doesn't fit
Sell Bybit live order book, 9 min ago	2.29 bp	8.6 bp −$9	23.1 bp −$231	205.8 bp −$20.6K	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	−0.1787%	1h	2.1730	−0.549%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1840	−0.047%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1899	+0.225%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0116%	1h	2.1872	+0.101%	$410K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1868	+0.084%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1878	+0.127%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1838	−0.056%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1832	−0.082%	$972K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1835	−0.069%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1870	+0.092%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1862	+0.055%	$14.1M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1852	+0.011%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1850	+0.002%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1833	−0.078%	$62.2M	$215.5M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1850	0.000%	$30.5M	$42.3M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	−0.092%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	−0.046%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.092%	$480K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1860	+0.046%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	0.000%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	−0.025%	$681K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1870	+0.091%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.183%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1865	+0.069%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1890	+0.183%	$515K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1838	−0.054%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1865	+0.069%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0170%	1h	2.1893	+0.197%	$259K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1873	+0.106%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.046%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.1850	long leg	$4.2M	$503K	75x