TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.086%

Price spread now: BloFin against GRVT−0.167%7-day average +0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.441%+$44 on $10k

Price spread, last 3 days (all we have)+0.175%+$17 · spread now −0.167%, 7d avg +0.021%

Together, before fees+0.616%+ Points / potential airdropGRVT: Active · farm board+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.189% cheaper against GRVT than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of +0.021%). If the spread goes back, that is −$19 on $10k: about 2.6 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TRUMP_USDT_Perp	2.1816	0.0100	pay 0.0050% / 4h	3h 54m	$186K	$4.5M	10x
Short	BloFin TRUMP-USDT	2.1780	0.0340	get 0.0170% / 4h	3h 54m	$4.2M	$629K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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 GRVTbpFee BloFinbpOrdersPrice spread, now −0.167%Rate

Funding earned: $50.4
Price spread: −0.167% → +0.021%: −$18.85
Slippage, 4 orders: −$29.67
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.12
Costs to cover: 0.507%
Break-even: 9.7 days

Slippage from GRVT: live order book, 4 min ago; BloFin: live order book, 4 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 GRVT live order book, 4 min ago	4.58 bp	9.1 bp −$9	21.7 bp −$217	2006.6 bp −$200.7K	doesn't fit
Sell BloFin live order book, 4 min ago	2.29 bp	12.8 bp −$13	19.4 bp −$194	45.1 bp −$4,513	154.7 bp −$77.4K

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	−0.1608%	1h	2.1730	−0.396%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1762	−0.250%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0146%	4h	2.1780	−0.167%	$7.4M	$46.5M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1823	+0.029%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1761	−0.254%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1776	−0.184%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1825	+0.037%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1750	−0.305%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1770	−0.213%	$976K	$706K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1796	−0.095%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1798	−0.083%	$454K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1813	−0.016%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1796	−0.096%	$62.6M	$227.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	−0.075%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.121%	$27.0M	$152.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.121%	$472K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	−0.121%	$4.0M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	−0.075%	$15.4M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1832	+0.072%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perplong	+0.0100%	4h	2.1816	long leg	$186K	$4.5M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1790	−0.121%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1765	−0.236%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1820	+0.016%	$551K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1791	−0.117%	$75K	$463K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1774	−0.193%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0173%	1h	2.1822	+0.025%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1770	−0.214%	$10K	—	100x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1780	−0.167%	$4.2M	$629K	75x
Backpack TRUMP_USDC_PERP	+0.0425%	1h	2.1798	−0.085%	$255K	$285K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+1.116%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0791%	1h	2.1793	−0.107%	$1.3M	$2.5M	50x	as long as short