TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.36 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against Orderly+0.024%49s7-day average +0.011% · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.024%, 7d avg +0.011%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1780	0.0041	pay 0.0020% / 4h	3h 50m	$4K	$180K	10x
Short	Binance TRUMPUSDT	2.1785	−0.0032	pay 0.0016% / 4h	3h 50m	$61.4M	$243.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: −$15.26
Price spread: +0.024% → +0.011%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$30.01
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 8 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	2.32 bp	7.3 bp −$7	10.7 bp −$107	42.9 bp −$4,288	201.0 bp −$100.5K

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1765%	1h	2.1670	−0.505%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1782	+0.007%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1779	−0.005%	$75K	$722K	25x	as long as short
Binance TRUMPUSDTshort	−0.0032%	4h	2.1785	+0.024%	$61.4M	$243.2M	75x
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	−0.159%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1776	−0.017%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1785	+0.023%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	+0.065%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	+0.005%	$676K	$514K	—	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.1775	−0.023%	$95	$6K	5x	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_USDClong	+0.0041%	4h	2.1780	long leg	$4K	$180K	10x
Paradex TRUMP-USD-PERP	+0.0043%	8h	2.1745	−0.159%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1792	+0.054%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1754	−0.119%	$963K	$959K	10x	as long as short
Gate TRUMP_USDT	+0.0094%	4h	2.1760	−0.092%	$7.8M	$50.8M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1811	+0.142%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1772	−0.039%	$426K	$814K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1755	−0.114%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1780	0.000%	$30.8M	$49.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	0.000%	$27.6M	$176.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1760	−0.092%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	−0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	+0.046%	$15.7M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.162%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.046%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1790	+0.046%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1790	+0.046%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0210%	4h	2.1750	−0.138%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−1.194%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0462%	1h	2.1796	+0.073%	$342K	$375K	10x	as long as short