TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.014%

Price spread now: edgeX against Orderly+0.563%71s7-day average −0.003% · you sell dearer than you buy

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.562%−$56 · spread now +0.563%, 7d avg −0.003%

Together, before fees−0.636%+ Points / potential airdropedgeX: Active · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.566% dearer against Orderly than usual: you sell high and buy low (spread +0.563% now, against its 7-day average of −0.003%): +$57 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 52 days. The two prices were read 71 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	2.1720	0.0086	pay 0.0043% / 4h	2h 03m	$3K	$249K	10x
Short	edgeX TRUMPUSDC	2.1842	0.0050	get 0.0025% / 4h	2h 03m	$119K	$247K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.563%Rate

Funding earned: −$7.56
Price spread: +0.563% → −0.003%: $56.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $34.03
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 18 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 edgeX live order book, 18 min ago	6.86 bp	13.9 bp −$14	39.0 bp −$390	doesn't fit	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	2.1730	+0.046%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1719	−0.004%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1762	+0.193%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1720	0.000%	$407K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1729	+0.041%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1728	+0.035%	$41K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1842	+0.563%	$119K	$247K	20x
Lighter TRUMP	+0.0072%	1h	2.1711	−0.041%	$966K	$665K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.1724	+0.020%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0086%	4h	2.1720	long leg	$3K	$249K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1790	+0.322%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1775	+0.251%	$455K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1730	+0.046%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1771	+0.233%	$62.0M	$215.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1770	+0.230%	$30.4M	$42.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	+0.184%	$26.7M	$147.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1760	+0.184%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	+0.138%	$478K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	+0.276%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1770	+0.230%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	+0.203%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1821	+0.465%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1750	+0.138%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1725	+0.023%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	+0.138%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1763	+0.196%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1710	−0.046%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0146%	1h	2.1771	+0.235%	$260K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1716	−0.017%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.645%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1730	+0.046%	$4.2M	$500K	75x	as long as short