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: BloFin against Bybit−0.137%72s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as 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−$400.395% of the position

Long on Bybit Short on BloFin

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)+0.161%+$16 · spread now −0.137%, 7d avg +0.014%

Together, before fees+0.506%+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.151% cheaper against Bybit than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.014%). If the spread goes back, that is −$15 on $10k: about 2.1 days of funding at the current rate (+$7 a day). The two prices were read 72 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	Bybit TRUMPUSDT	2.1880	0.0100	pay 0.0050% / 4h	21m 59s	$30.8M	$44.7M	50x
Short	BloFin TRUMP-USDT	2.1850	0.0340	get 0.0170% / 4h	21m 59s	$4.2M	$635K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.137%Rate

Funding earned: $50.4
Price spread: −0.137% → +0.014%: −$15.07
Slippage, 4 orders: −$16.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$4.19
Costs to cover: 0.395%
Break-even: 7.6 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 1 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, 2 min ago	2.29 bp	7.8 bp −$8	16.2 bp −$162	102.3 bp −$10.2K	doesn't fit
Sell BloFin live order book, 1 min ago	4.58 bp	10.6 bp −$11	17.1 bp −$171	43.0 bp −$4,295	145.6 bp −$72.8K

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	−0.1537%	1h	2.1720	−0.731%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1892	+0.056%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1857	−0.104%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1901	+0.096%	$411K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1899	+0.086%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1828	−0.237%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1890	+0.046%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1890	+0.046%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1882	+0.009%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1895	+0.069%	$456K	$832K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1863	−0.079%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1889	+0.042%	$62.8M	$225.8M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1880	long leg	$30.8M	$44.7M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	0.000%	$27.2M	$153.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	−0.046%	$7.4M	$48.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	0.000%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	+0.091%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1880	0.000%	$15.4M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	−0.080%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1913	+0.151%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1930	+0.229%	$1K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1892	+0.055%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.229%	$555K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1871	−0.041%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1892	+0.053%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1900	+0.091%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0300%	1h	2.1905	+0.114%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1850	−0.137%	$4.2M	$635K	75x
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.823%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0477%	1h	2.1912	+0.146%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1913	+0.150%	$1.3M	$2.5M	50x	as long as short