TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0383%/8h= −42.0% APRnext payment −$1.92 per $10,000 · paid last 24h −0.006%

Price spread now: Variational Omni against HTX−0.176%7-day average −0.085% · you buy dearer than you sell

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.123%−$12 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.176%, 7d avg −0.085%

Together, before fees+0.080%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.092% cheaper against HTX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.085%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.123% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TRUMP-USDT	2.1510	0.0100	pay 0.0050% / 4h	3h 57m	$495K	$2.5M	50x
Short	Variational Omni TRUMP	2.1472	−0.0283	pay 0.0142% / 4h	3h 57m	$663K	$421K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. 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 HTXbpFee Variational OmnibpOrdersPrice spread, now −0.176%Rate

Funding earned: −$80.51
Price spread: −0.176% → −0.085%: −$9.17
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$101.68
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 1 min ago; Variational Omni: RFQ quote, 41 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 HTX live order book, 1 min ago	11.61 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 41 min ago	5.05 bp	doesn't fit	16.4 bp −$164	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	−0.1829%	1h	2.1410	−0.465%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.1565%	4h	2.1490	−0.093%	$30.6M	$52.2M	50x	as long as short
SoDEX TRUMP-USD	−0.0521%	1h	2.1489	−0.098%	$72	$6K	5x	as long as short
Variational Omni TRUMPshort	−0.0283%	4h	2.1472	−0.176%	$663K	$421K	—
Deribit TRUMP_USDC-PERPETUAL	−0.0261%	1h	2.1506	−0.019%	$405K	$65K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1502	−0.037%	$5	—	10x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1495	−0.070%	$940K	$988K	10x	as long as short
Binance TRUMPUSDT	−0.0209%	4h	2.1490	−0.093%	$60.8M	$248.7M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1490	−0.095%	$74K	$492K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0201%	4h	2.1490	−0.093%	$26.9M	$183.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1420	−0.418%	$167K	$480K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0128%	8h	2.1497	−0.059%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	−0.317%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0083%	4h	2.1510	0.000%	$5K	$289K	10x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1510	0.000%	$7.7M	$49.4M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1516	+0.026%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	0.0000%	4h	2.1490	−0.093%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1520	+0.046%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0032%	4h	2.1480	−0.139%	$4.2M	$687K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1486	−0.112%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0058%	4h	2.1510	0.000%	$15.4M	$26.7M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1503	−0.033%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1515	+0.025%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1502	−0.037%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.046%	$400K	$146K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1490	−0.093%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1510	long leg	$495K	$2.5M	50x
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1518	+0.038%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1520	+0.047%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0353%	1h	2.1512	+0.009%	$384K	$418K	10x	as long as short