TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against Bybit+0.047%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.047%, 7d avg +0.011%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.035% dearer against Bybit than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.011%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1450	−0.0092	get 0.0046% / 4h	40m 08s	$30.6M	$52.4M	50x
Short	Binance TRUMPUSDT	2.1460	−0.0163	pay 0.0081% / 4h	40m 08s	$60.8M	$250.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$14.89
Price spread: +0.047% → +0.011%: $3.51
Slippage, 4 orders: −$17.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.63
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago	2.32 bp	11.2 bp −$11	16.8 bp −$168	109.7 bp −$11.0K	doesn't fit
Sell Binance live order book, 3 min ago	2.32 bp	11.9 bp −$12	16.5 bp −$165	38.9 bp −$3,889	197.1 bp −$98.5K

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	2.1440	−0.047%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0541%	1h	2.1486	+0.168%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0282%	1h	2.1465	+0.070%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1456	+0.029%	$5	—	10x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1473	+0.107%	$938K	$1.0M	10x	as long as short
Binance TRUMPUSDTshort	−0.0163%	4h	2.1460	+0.047%	$60.8M	$250.8M	75x
Extended TRUMP-USD	−0.0160%	1h	2.1464	+0.066%	$74K	$489K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0152%	4h	2.1460	+0.047%	$26.7M	$184.2M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.377%	$665K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1470	+0.093%	$7.6M	$53.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDTlong	−0.0092%	4h	2.1450	long leg	$30.6M	$52.4M	50x
edgeX TRUMPUSDC	−0.0080%	4h	2.1529	+0.368%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0066%	8h	2.1500	+0.232%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0051%	4h	2.1500	+0.233%	$5K	$268K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1556	+0.493%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	+0.254%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0040%	4h	2.1480	+0.140%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1470	+0.093%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	+0.420%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1520	+0.326%	$4.1M	$705K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1488	+0.177%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1487	+0.172%	$403K	$779K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1518	+0.317%	$185K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	+0.093%	$400K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.093%	$15.3M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1550	+0.466%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1520	+0.326%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.280%	$484K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1500	+0.233%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0331%	1h	2.1499	+0.228%	$384K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1496	+0.215%	$1.3M	$2.3M	50x	as long as short