TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.73 per $10,000 · paid last 24h +0.019%

Price spread now: Bybit against edgeX−0.576%91s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$480.478% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.427%+$43 · spread now −0.576%, 7d avg −0.001%

Together, before fees+0.495%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.574% cheaper against edgeX than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you. The two prices were read 91 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	edgeX TRUMPUSDC	2.1604	−0.0078	get 0.0039% / 4h	3h 02m	$105K	$264K	20x
Short	Bybit TRUMPUSDT	2.1480	−0.0224	pay 0.0112% / 4h	3h 02m	$30.6M	$50.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.576%Rate

Funding earned: −$30.8
Price spread: −0.576% → −0.001%: −$57.43
Slippage, 4 orders: −$27.77
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$136.01
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from edgeX: live order book, 50 min ago; Bybit: live order book, 2 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 edgeX live order book, 50 min ago	6.88 bp	13.7 bp −$14	36.8 bp −$368	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.32 bp	11.8 bp −$12	20.8 bp −$208	112.7 bp −$11.3K	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	2.1520	−0.390%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0385%	1h	2.1475	−0.599%	$86	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0308%	1h	2.1488	−0.539%	$404K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	−0.569%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0233%	8h	2.1499	−0.488%	$5K	$175	5x	as long as short
Bybit TRUMPUSDTshort	−0.0224%	4h	2.1480	−0.576%	$30.6M	$50.8M	50x
Gate TRUMP_USDT	−0.0172%	4h	2.1480	−0.576%	$7.8M	$52.6M	75x	as long as short
Binance TRUMPUSDT	−0.0168%	4h	2.1468	−0.631%	$60.7M	$246.6M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1474	−0.601%	$76K	$718K	25x	as long as short
Lighter TRUMP	−0.0088%	1h	2.1474	−0.603%	$949K	$998K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDClong	−0.0078%	4h	2.1604	long leg	$105K	$264K	20x
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.078%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1516	−0.409%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0005%	4h	2.1470	−0.622%	$5K	$201K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0002%	4h	2.1600	−0.018%	$180K	$4.7M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1499	−0.488%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1465	−0.644%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0048%	4h	2.1460	−0.668%	$27.4M	$178.6M	50x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1520	−0.390%	$4.2M	$647K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1482	−0.566%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1498	−0.490%	$404K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1506	−0.455%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	−0.576%	$400K	$152K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1490	−0.529%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	−0.622%	$15.5M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	−0.483%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	−0.390%	$490K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1499	−0.487%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0174%	1h	2.1507	−0.449%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0200%	1h	2.1506	−0.455%	$381K	$403K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.390%	$292K	$303K	50x	as long as short