TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.002%

Price spread now: Orderly against Bybit+0.093%7-day average −0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.093%, 7d avg −0.007%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.100% dearer against Bybit than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.007%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1560	0.0066	pay 0.0033% / 4h	23m 45s	$30.6M	$49.5M	50x
Short	Orderly PERP_TRUMP_USDC	2.1580	0.0044	get 0.0022% / 4h	23m 45s	$4K	$207K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.093%Rate

Funding earned: −$4.55
Price spread: +0.093% → −0.007%: $9.95
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.6
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	2.31 bp	12.4 bp −$12	21.6 bp −$216	169.1 bp −$16.9K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1690%	1h	2.1490	−0.325%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1591	+0.146%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0126%	1h	2.1595	+0.162%	$98	$6K	5x	as long as short
Lighter TRUMP	−0.0112%	1h	2.1573	+0.060%	$955K	$956K	10x	as long as short
Gate TRUMP_USDT	−0.0062%	4h	2.1570	+0.046%	$7.6M	$51.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1594	+0.158%	$406K	$72K	10x	as long as short
dYdX TRUMP-USD	−0.0003%	1h	2.1586	+0.119%	$27K	$512	5x	as long as short
Binance TRUMPUSDT	−0.0002%	4h	2.1568	+0.037%	$60.5M	$241.6M	75x	as long as short
Extended TRUMP-USD	0.0000%	1h	2.1569	+0.043%	$75K	$745K	25x	as long as short
Variational Omni TRUMP	+0.0003%	4h	2.1581	+0.097%	$666K	$488K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0004%	4h	2.1582	+0.104%	$105K	$263K	20x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1603	+0.199%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0009%	4h	2.1590	+0.139%	$4.1M	$684K	75x	as long as short
Paradex TRUMP-USD-PERP	+0.0024%	8h	2.1568	+0.036%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0044%	4h	2.1580	+0.093%	$4K	$207K	10x
Bybit TRUMPUSDTlong	+0.0066%	4h	2.1560	long leg	$30.6M	$49.5M	50x
Aevo TRUMP-PERP	+0.0080%	1h	2.1566	+0.028%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1605	+0.209%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1590	+0.139%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1588	+0.130%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1560	0.000%	$27.2M	$173.7M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1580	+0.093%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1600	+0.186%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	+0.046%	$15.5M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1611	+0.237%	$253K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1600	+0.186%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	+0.278%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.186%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1598	+0.175%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1611	+0.235%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	+0.093%	$279K	$281K	50x	as long as short