TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.016%

Price spread now: edgeX against Bybit−0.001%61s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$500.496% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.001%, 7d avg −0.005%

Together, before fees+0.085%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 61 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	2.1910	0.0100	pay 0.0050% / 4h	1h 16m	$30.6M	$43.3M	50x
Short	edgeX TRUMPUSDC	2.1910	0.0050	get 0.0025% / 4h	1h 16m	$119K	$249K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$10.5
Price spread: −0.001% → −0.005%: $0.41
Slippage, 4 orders: −$29.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.72
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 66 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	11.7 bp −$12	19.0 bp −$190	111.5 bp −$11.2K	doesn't fit
Sell edgeX live order book, 66 min ago	6.86 bp	13.9 bp −$14	39.0 bp −$390	doesn't fit	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	−0.1472%	1h	2.1770	−0.639%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1912	+0.010%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1887	−0.104%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1894	−0.073%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1896	−0.064%	$41K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1910	−0.001%	$119K	$249K	20x
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1880	−0.137%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1904	−0.029%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1891	−0.087%	$974K	$682K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1938	+0.128%	$14.1M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1908	−0.007%	$456K	$833K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1906	−0.016%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1920	+0.046%	$62.6M	$219.9M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.1910	long leg	$30.6M	$43.3M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	+0.046%	$26.9M	$150.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	0.000%	$7.4M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	−0.046%	$481K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	0.000%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	+0.046%	$15.5M	$21.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1892	−0.081%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1870	−0.183%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	−0.091%	$1K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1885	−0.114%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1900	−0.046%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1911	+0.003%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1885	−0.114%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1892	−0.081%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.274%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0348%	1h	2.1918	+0.037%	$262K	$272K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	+0.046%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1911	+0.006%	$1.3M	$2.5M	50x	as long as short