TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against Orderly0.000%7-day average +0.008% · you sell dearer than you buy

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now 0.000%, 7d avg +0.008%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1890	0.0086	pay 0.0043% / 4h	2h 22m	$3K	$249K	10x
Short	Bybit TRUMPUSDT	2.1890	0.0100	get 0.0050% / 4h	2h 22m	$30.5M	$42.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $2.85
Price spread: 0.000% → +0.008%: −$0.79
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.94
Costs to cover: 0.170%
Break-even: 43.7 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.29 bp	10.5 bp −$10	22.2 bp −$222	189.3 bp −$18.9K	doesn't fit

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	−0.1787%	1h	2.1710	−0.822%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1904	+0.065%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1919	+0.133%	$1.1M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1879	−0.051%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1896	+0.027%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1897	+0.033%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1803	−0.396%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1880	−0.046%	$974K	$660K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0076%	8h	2.1883	−0.033%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0086%	4h	2.1890	long leg	$3K	$249K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1895	+0.021%	$459K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1890	−0.001%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1890	0.000%	$62.3M	$215.4M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1890	0.000%	$30.5M	$42.2M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	0.000%	$26.8M	$147.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	−0.046%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1880	−0.046%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1890	0.000%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.046%	$15.6M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	−0.209%	$680K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1830	−0.274%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.091%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.023%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.137%	$514K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1892	+0.011%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1885	−0.023%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0138%	1h	2.1911	+0.096%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0204%	1h	2.1915	+0.114%	$259K	$262K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1897	+0.030%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1950	+0.274%	$282K	$401K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.183%	$4.2M	$496K	75x	as long as short