Funding you earn now, next payment 06:00 UTC−0.0213%/8h= −23.4% APRpaid last 24h 0.000%
Price spread now: Extended against Orderly+0.232%7-day average −0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.232%, 7d avg −0.026%
=Together, before fees−0.306%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.258% dearer against Orderly than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of −0.026%): +$26 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.080% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRUMP_USDC | 2.1320 | −0.0035 | get 0.0017% / 4h | 2h 35m | $5K | $218K | 10x |
| Short | Extended TRUMP-USD | 2.1369 | −0.0248 | pay 0.0031% / 1h | 35m 30s | $76K | $746K | 25x |
Orderly PERP_TRUMP_USDC
Extended TRUMP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.8
- Price spread: +0.232% → −0.026%
- $25.79
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$30
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 12 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 Extended live order book, 12 min ago | 4.66 bp | 7.7 bp −$8 | 31.2 bp −$312 | 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 | −0.1827% | 1h | 2.1110 | −0.985% | $12K | $157K | 12x | as long as short |
| Lighter TRUMP | −0.0480% | 1h | 2.1361 | +0.192% | $943K | $996K | 10x | as long as short |
| SoDEX TRUMP-USD | −0.0469% | 1h | 2.1325 | +0.023% | $85 | $6K | 5x | as long as short |
| Bybit TRUMPUSDT | −0.0271% | 4h | 2.1370 | +0.235% | $30.3M | $51.4M | 50x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.0265% | 1h | 2.1333 | +0.061% | $402K | $72K | 10x | as long as short |
| Binance TRUMPUSDT | −0.0251% | 4h | 2.1370 | +0.235% | $60.2M | $249.3M | 75x | as long as short |
| Extended TRUMP-USDshort | −0.0248% | 1h | 2.1369 | +0.232% | $76K | $746K | 25x | |
| Reya TRUMPRUSDPERP | −0.0245% | 1h | 2.1382 | +0.290% | $5 | — | 10x | as long as short |
| Paradex TRUMP-USD-PERP | −0.0224% | 8h | 2.1372 | +0.244% | $5K | $175 | 5x | as long as short |
| Variational Omni TRUMP | −0.0153% | 4h | 2.1322 | +0.008% | $658K | $427K | — | as long as short |
Injective TRUMP/USDC PERP
Lighter TRUMP
SoDEX TRUMP-USD
Bybit TRUMPUSDT
Deribit TRUMP_USDC-PERPETUAL
Binance TRUMPUSDT
Reya TRUMPRUSDPERP
Paradex TRUMP-USD-PERP
Variational Omni TRUMPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TRUMPUSDC | −0.0125% | 4h | 2.1301 | −0.090% | $104K | $264K | 20x | as long as short |
| Gate TRUMP_USDT | −0.0076% | 4h | 2.1380 | +0.281% | $7.6M | $53.0M | 75x | as long as short |
| GRVT TRUMP_USDT_Perp | −0.0050% | 4h | 2.1330 | +0.047% | $178K | $4.6M | 10x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.0043% | 4h | 2.1370 | +0.235% | $26.9M | $180.1M | 50x | as long as short |
| Orderly PERP_TRUMP_USDClong | −0.0035% | 4h | 2.1320 | long leg | $5K | $218K | 10x | |
| dYdX TRUMP-USD | −0.0020% | 1h | 2.1376 | +0.261% | $27K | $506 | 5x | as long as short |
| BloFin TRUMP-USDT | −0.0010% | 4h | 2.1330 | +0.047% | $4.2M | $689K | 75x | as long as short |
| gTrade (Gains Network) TRUMP/USD | L +0.0008% / S −0.0007% | 1h | 2.1385 | +0.305% | $40K | — | 150x | as long as short |
| Aevo TRUMP-PERP | +0.0024% | 1h | 2.1305 | −0.071% | $18K | — | 3x | as long as short |
| Hyperliquid TRUMP | +0.0100% | 1h | 2.1396 | +0.356% | $13.4M | $8.1M | 10x | as long as short |
| Aster TRUMPUSDT | +0.0100% | 4h | 2.1378 | +0.273% | $402K | $801K | 20x | as long as short |
| Pacifica TRUMP | +0.0100% | 1h | 2.1372 | +0.243% | $184K | $52K | 10x | as long as short |
| MEXC TRUMP_USDC | +0.0100% | 4h | 2.1370 | +0.235% | $398K | $148K | 125x | as long as short |
| KuCoin TRUMPUSDTM | +0.0100% | 4h | 2.1390 | +0.328% | $4.1M | $11.2M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.0100% | 4h | 2.1380 | +0.281% | $15.4M | $26.6M | 75x | as long as short |
| SunX TRUMP-USDT | +0.0100% | 4h | 2.1350 | +0.141% | $2K | $1.6M | 50x | as long as short |
| HTX TRUMP-USDT | +0.0100% | 4h | 2.1370 | +0.235% | $485K | $2.4M | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | L +0.0137% / S −0.0099% | 1h | 2.1381 | +0.286% | $9K | — | 100x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.0199% | 1h | 2.1350 | +0.139% | $1.3M | $2.3M | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.0213% | 1h | 2.1376 | +0.263% | $383K | $409K | 10x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.0392% | 1h | 2.1340 | +0.094% | $260K | $315K | 50x | as long as short |
edgeX TRUMPUSDC
Gate TRUMP_USDT
GRVT TRUMP_USDT_Perp
OKX TRUMP-USDT-SWAP
dYdX TRUMP-USD
BloFin TRUMP-USDT
gTrade (Gains Network) TRUMP/USD
Aevo TRUMP-PERP
Hyperliquid TRUMP
Aster TRUMPUSDT
Pacifica TRUMP
MEXC TRUMP_USDC
KuCoin TRUMPUSDTM
Bitget TRUMPUSDT
SunX TRUMP-USDT
HTX TRUMP-USDT
GMX TRUMP/USD [ETH-USDC]
Kraken Futures PF_TRUMPUSD
Backpack TRUMP_USDC_PERP
Coinbase International TRUMP-PERP-INTX