TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h −0.004%

Price spread now: GRVT against edgeX+0.173%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.173%, 7d avg +0.002%

Together, before fees−0.171%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.170% dearer against edgeX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TRUMPUSDC	2.1991	0.0050	pay 0.0025% / 4h	2h 20m	$107K	$263K	20x
Short	GRVT TRUMP_USDT_Perp	2.2029	0.0100	get 0.0050% / 4h	2h 20m	$182K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.173%Rate

Funding earned: $10.5
Price spread: +0.173% → +0.002%: $17.02
Slippage, 4 orders: −$42.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.57
Costs to cover: 0.601%
Break-even: 28.7 days

Slippage from edgeX: live order book, 47 min ago; GRVT: live order book, 3 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, 47 min ago	8.92 bp	15.9 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	4.54 bp	13.0 bp −$13	37.4 bp −$374	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1623%	1h	2.1920	−0.324%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1931	−0.273%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0090%	4h	2.1920	−0.324%	$7.8M	$49.2M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1967	−0.112%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1958	−0.151%	$413K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1974	−0.078%	$43K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.1991	long leg	$107K	$263K	20x
SoDEX TRUMP-USD	+0.0060%	1h	2.1944	−0.215%	$78	$6K	5x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1935	−0.256%	$976K	$790K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0072%	8h	2.1952	−0.178%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1940	−0.233%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1953	−0.174%	$14.3M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1953	−0.173%	$434K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1959	−0.145%	$189K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1930	−0.279%	$63.8M	$236.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1920	−0.324%	$31.5M	$48.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	−0.370%	$28.9M	$170.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1920	−0.324%	$436K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1960	−0.142%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1930	−0.279%	$15.7M	$24.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1951	−0.184%	$691K	$448K	—	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.2029	+0.173%	$182K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1970	−0.097%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1970	−0.097%	$556K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1939	−0.238%	$76K	$597K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1945	−0.211%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1967	−0.109%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0280%	1h	2.1951	−0.183%	$257K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0514%	1h	2.1974	−0.077%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2020	+0.130%	$286K	$305K	50x	as long as short