TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0174%/8h= −19.0% APRnext payment −$0.87 per $10,000 · paid last 24h +0.010%

Price spread now: Bybit against Gate0.000%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.017%−$2 · spread now 0.000%, 7d avg −0.018%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1370	−0.0182	get 0.0091% / 4h	2h 21m	$7.6M	$53.4M	75x
Short	Bybit TRUMPUSDT	2.1370	−0.0356	pay 0.0178% / 4h	2h 21m	$30.1M	$51.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$36.49
Price spread: 0.000% → −0.018%: $1.78
Slippage, 4 orders: −$24.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.36
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	2.35 bp	14.0 bp −$14	32.9 bp −$329	77.3 bp −$7,726	doesn't fit
Sell Bybit live order book, 2 min ago	2.35 bp	12.5 bp −$13	17.8 bp −$178	99.4 bp −$9,938	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	2.1090	−1.310%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0472%	1h	2.1360	−0.047%	$945K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0399%	1h	2.1355	−0.070%	$84	$6K	5x	as long as short
Bybit TRUMPUSDTshort	−0.0356%	4h	2.1370	0.000%	$30.1M	$51.6M	50x
Binance TRUMPUSDT	−0.0274%	4h	2.1364	−0.028%	$60.2M	$250.0M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1359	−0.051%	$77K	$745K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1312	−0.273%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0218%	8h	2.1365	−0.024%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0202%	4h	2.1212	−0.742%	$654K	$426K	—	as long as short
Gate TRUMP_USDTlong	−0.0182%	4h	2.1370	long leg	$7.6M	$53.4M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0135%	4h	2.1178	−0.897%	$103K	$263K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0078%	4h	2.1360	−0.047%	$26.8M	$180.8M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0048%	4h	2.1340	−0.140%	$5K	$221K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0034%	4h	2.1250	−0.562%	$173K	$4.6M	10x	as long as short
BloFin TRUMP-USDT	−0.0034%	4h	2.1240	−0.608%	$4.1M	$684K	75x	as long as short
dYdX TRUMP-USD	−0.0018%	1h	2.1376	+0.029%	$27K	$506	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1363	−0.033%	$402K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1345	−0.119%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1345	−0.117%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1378	+0.037%	$13.4M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1370	+0.001%	$402K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1370	−0.002%	$184K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1370	0.000%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1360	−0.047%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1370	0.000%	$15.3M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1380	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1370	0.000%	$479K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1339	−0.147%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0183%	1h	2.1407	+0.173%	$381K	$411K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0199%	1h	2.1377	+0.034%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	−0.749%	$241K	$341K	50x	as long as short