TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0474%/8h= −51.9% APRpaid last 24h −0.096%

Price spread now: Variational Omni against Coinbase International−0.041%7-day average −0.079% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.244%−$24 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.041%, 7d avg −0.079%

Together, before fees−0.162%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.038% dearer against Coinbase International than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.079%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.244% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1480	0.0400	pay 0.0050% / 1h	0m 05s	$291K	$303K	50x
Short	Variational Omni TRUMP	2.1471	−0.0074	pay 0.0037% / 4h	3h 00m	$664K	$437K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now −0.041%Rate

Funding earned: −$99.52
Price spread: −0.041% → −0.079%: $3.79
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$105.72
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 53 min ago; Variational Omni: RFQ quote, 54 min ago. 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 Coinbase International live order book, 53 min ago	13.74 bp	23.2 bp −$23	31.7 bp −$317	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 54 min ago	5.03 bp	doesn't fit	17.8 bp −$178	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	−0.1765%	1h	2.1370	−0.512%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0396%	1h	2.1475	−0.023%	$86	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1474	−0.028%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0233%	8h	2.1465	−0.072%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0225%	4h	2.1470	−0.047%	$30.6M	$50.9M	50x	as long as short
Extended TRUMP-USD	−0.0176%	1h	2.1464	−0.074%	$76K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0173%	4h	2.1469	−0.051%	$60.7M	$246.6M	75x	as long as short
Gate TRUMP_USDT	−0.0170%	4h	2.1470	−0.047%	$7.7M	$52.7M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0169%	1h	2.1486	+0.028%	$404K	$72K	10x	as long as short
Lighter TRUMP	−0.0096%	1h	2.1459	−0.098%	$949K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0080%	4h	2.1538	+0.271%	$105K	$264K	20x	as long as short
Variational Omni TRUMPshort	−0.0074%	4h	2.1471	−0.041%	$664K	$437K	—
Orderly PERP_TRUMP_USDC	−0.0006%	4h	2.1480	0.000%	$5K	$203K	10x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1496	+0.073%	$27K	$511	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0002%	4h	2.1600	+0.561%	$180K	$4.7M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1486	+0.028%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1460	−0.093%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0042%	4h	2.1460	−0.093%	$27.3M	$178.9M	50x	as long as short
BloFin TRUMP-USDT	+0.0072%	4h	2.1480	0.000%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1477	−0.014%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1478	−0.007%	$404K	$811K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1490	+0.045%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	−0.047%	$400K	$152K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1480	0.000%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1480	0.000%	$15.5M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.047%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.047%	$487K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1490	+0.047%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0174%	1h	2.1491	+0.051%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0197%	1h	2.1499	+0.088%	$380K	$403K	10x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0400%	1h	2.1480	long leg	$291K	$303K	50x