TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0106%/8h= −11.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against OKX+0.153%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.153%, 7d avg +0.017%

Together, before fees−0.279%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.137% dearer against OKX than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of +0.017%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1530	0.0100	pay 0.0050% / 4h	21m 48s	$27.2M	$173.5M	50x
Short	Binance TRUMPUSDT	2.1563	−0.0006	pay 0.0003% / 4h	21m 48s	$60.5M	$241.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.153%Rate

Funding earned: −$22.37
Price spread: +0.153% → +0.017%: $13.69
Slippage, 4 orders: −$13.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.57
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 7 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 OKX live order book, 2 min ago	2.32 bp	7.3 bp −$7	10.1 bp −$101	37.3 bp −$3,725	doesn't fit
Sell Binance live order book, 7 min ago	2.32 bp	11.9 bp −$12	14.4 bp −$144	43.3 bp −$4,325	198.8 bp −$99.4K

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	−0.1690%	1h	2.1460	−0.325%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1571	+0.192%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0125%	1h	2.1567	+0.172%	$98	$6K	5x	as long as short
Lighter TRUMP	−0.0088%	1h	2.1560	+0.139%	$954K	$957K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0074%	1h	2.1579	+0.228%	$406K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0056%	4h	2.1580	+0.232%	$7.6M	$51.0M	75x	as long as short
Extended TRUMP-USD	−0.0008%	1h	2.1564	+0.160%	$75K	$716K	25x	as long as short
Binance TRUMPUSDTshort	−0.0006%	4h	2.1563	+0.153%	$60.5M	$241.6M	75x
dYdX TRUMP-USD	−0.0003%	1h	2.1576	+0.213%	$27K	$512	5x	as long as short
edgeX TRUMPUSDC	+0.0002%	4h	2.1592	+0.286%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0003%	4h	2.1581	+0.237%	$666K	$488K	—	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1580	+0.232%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0026%	8h	2.1538	+0.036%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1570	+0.186%	$4K	$207K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1562	+0.149%	$19K	—	3x	as long as short
Bybit TRUMPUSDT	+0.0083%	4h	2.1570	+0.186%	$30.6M	$49.6M	50x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1560	+0.139%	$4.1M	$683K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1589	+0.274%	$14.3M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1584	+0.249%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1580	+0.232%	$186K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1530	long leg	$27.2M	$173.5M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1570	+0.186%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1570	+0.186%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1580	+0.232%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1581	+0.237%	$252K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1600	+0.325%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.325%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.325%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1573	+0.201%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1596	+0.304%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1580	+0.232%	$279K	$281K	50x	as long as short