TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0273%/8h= +29.9% APRnext payment +$1.36 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.047%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.047%, 7d avg −0.005%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.052% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.005%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1260	−0.0329	get 0.0164% / 4h	2h 30m	$30.0M	$51.6M	50x
Short	OKX TRUMP-USDT-SWAP	2.1270	−0.0056	pay 0.0028% / 4h	2h 30m	$26.6M	$179.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $57.28
Price spread: +0.047% → −0.005%: $5.2
Slippage, 4 orders: −$16.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $25.46
Costs to cover: 0.370%
Break-even: 3.9 days

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	2.36 bp	9.9 bp −$10	17.6 bp −$176	105.8 bp −$10.6K	doesn't fit
Sell OKX live order book, 4 min ago	2.36 bp	11.9 bp −$12	14.9 bp −$149	44.7 bp −$4,473	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	−0.1827%	1h	2.1120	−0.659%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1237	−0.108%	$939K	$997K	10x	as long as short
SoDEX TRUMP-USD	−0.0467%	1h	2.1215	−0.212%	$83	$6K	5x	as long as short
Bybit TRUMPUSDTlong	−0.0329%	4h	2.1260	long leg	$30.0M	$51.6M	50x
Deribit TRUMP_USDC-PERPETUAL	−0.0268%	1h	2.1225	−0.165%	$400K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0264%	1h	2.1239	−0.098%	$76K	$746K	25x	as long as short
Binance TRUMPUSDT	−0.0264%	4h	2.1263	+0.013%	$59.9M	$250.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1262	+0.008%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0226%	8h	2.1241	−0.088%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0182%	4h	2.1212	−0.227%	$655K	$426K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0144%	4h	2.1260	0.000%	$7.6M	$53.2M	75x	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1187	−0.343%	$103K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0056%	4h	2.1270	+0.047%	$26.6M	$179.9M	50x
GRVT TRUMP_USDT_Perp	−0.0048%	4h	2.1200	−0.282%	$175K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0039%	4h	2.1210	−0.235%	$5K	$220K	10x	as long as short
BloFin TRUMP-USDT	−0.0024%	4h	2.1200	−0.282%	$4.1M	$680K	75x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1246	−0.067%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1275	+0.070%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1163	−0.458%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1277	+0.080%	$13.4M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1266	+0.027%	$400K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1244	−0.075%	$183K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1270	+0.047%	$396K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1250	−0.047%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1280	+0.094%	$15.3M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1250	−0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1250	−0.047%	$479K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1272	+0.055%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0177%	1h	2.1265	+0.024%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1238	−0.102%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1230	−0.141%	$254K	$318K	50x	as long as short