TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.1% APRnext payment −$1.01 per $10,000 · paid last 24h +0.003%

Price spread now: OKX against MEXC+0.047%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.047%, 7d avg +0.033%

Together, before fees+0.258%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.173%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TRUMP_USDC	2.1440	0.0100	pay 0.0050% / 4h	1h 27m	$399K	$149K	125x
Short	OKX TRUMP-USDT-SWAP	2.1450	−0.0102	pay 0.0051% / 4h	1h 27m	$26.5M	$184.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$42.42
Price spread: +0.047% → +0.033%: $1.32
Slippage, 4 orders: −$19.9
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; OKX: live order book, 1 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 MEXC live order book, 6 min ago	4.69 bp	9.4 bp −$9	23.5 bp −$235	116.7 bp −$11.7K	doesn't fit
Sell OKX live order book, 1 min ago	2.34 bp	7.3 bp −$7	10.0 bp −$100	35.3 bp −$3,534	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	−0.1927%	1h	2.1260	−0.840%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.319%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1430	−0.047%	$74K	$601K	25x	as long as short
Binance TRUMPUSDT	−0.0197%	4h	2.1450	+0.048%	$60.5M	$251.7M	75x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.274%	$660K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0104%	4h	2.1375	−0.302%	$104K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0102%	4h	2.1450	+0.047%	$26.5M	$184.9M	50x
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1423	−0.081%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1440	0.000%	$7.7M	$53.6M	75x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1440	0.000%	$30.5M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1390	−0.233%	$5K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0054%	8h	2.1382	−0.272%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1408	−0.149%	$403K	$81K	10x	as long as short
SoDEX TRUMP-USD	−0.0011%	1h	2.1395	−0.210%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1386	−0.251%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1409	−0.146%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1386	−0.251%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1370	−0.326%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1400	−0.187%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1421	−0.089%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1452	+0.055%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1397	−0.201%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1440	long leg	$399K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	0.000%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1460	+0.093%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.233%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	−0.140%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	−0.140%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1419	−0.099%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1360	−0.373%	$202K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0377%	1h	2.1451	+0.051%	$380K	$416K	10x	as long as short