TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX0.000%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.008%+$1 · spread now 0.000%, 7d avg +0.005%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1440	−0.0155	get 0.0077% / 4h	38m 31s	$26.7M	$184.0M	50x
Short	Bybit TRUMPUSDT	2.1440	−0.0116	pay 0.0058% / 4h	38m 31s	$30.5M	$52.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $8.12
Price spread: 0.000% → +0.005%: −$0.55
Slippage, 4 orders: −$13.92
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.35
Costs to cover: 0.349%
Break-even: 30.6 days

Slippage from OKX: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago	2.32 bp	7.3 bp −$7	9.3 bp −$93	36.5 bp −$3,648	doesn't fit
Sell Bybit live order book, 5 min ago	2.32 bp	7.8 bp −$8	15.5 bp −$155	94.8 bp −$9,483	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	−0.1797%	1h	2.1350	−0.420%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0279%	1h	2.1457	+0.079%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1436	−0.017%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1466	+0.121%	$404K	$81K	10x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1456	+0.075%	$938K	$1.0M	10x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1449	+0.043%	$76K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0166%	4h	2.1445	+0.024%	$60.7M	$251.3M	75x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0155%	4h	2.1440	long leg	$26.7M	$184.0M	50x
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.424%	$665K	$423K	—	as long as short
Bybit TRUMPUSDTshort	−0.0116%	4h	2.1440	0.000%	$30.5M	$52.4M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0116%	4h	2.1450	+0.047%	$7.6M	$53.2M	75x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1539	+0.461%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0075%	8h	2.1461	+0.099%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0053%	4h	2.1460	+0.093%	$5K	$269K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1476	+0.167%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1474	+0.160%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0032%	4h	2.1470	+0.140%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1450	+0.047%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1540	+0.466%	$171K	$466K	50x	as long as short
BloFin TRUMP-USDT	+0.0074%	4h	2.1460	+0.093%	$4.1M	$703K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1488	+0.224%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1460	+0.093%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1482	+0.196%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	+0.047%	$399K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	+0.047%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1540	+0.466%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.187%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.187%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	+0.142%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0314%	1h	2.1489	+0.229%	$384K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1493	+0.247%	$1.3M	$2.3M	50x	as long as short