TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0182%/8h= +19.9% APRnext payment +$0.91 per $10,000 · paid last 24h +0.013%

Price spread now: GRVT against Orderly−0.036%70s7-day average +0.013% · you buy dearer than you sell

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

Long on Orderly Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.036%, 7d avg +0.013%

Together, before fees+0.073%+ Points / potential airdropGRVT: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.050% cheaper against Orderly than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.013%). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 70 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	2.1760	−0.0082	get 0.0041% / 4h	3h 02m	$5K	$315K	10x
Short	GRVT TRUMP_USDT_Perp	2.1752	0.0100	get 0.0050% / 4h	3h 02m	$177K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.036%Rate

Funding earned: $38.22
Price spread: −0.036% → +0.013%: −$4.97
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $18.26
Costs to cover: 0.150%
Break-even: 3.7 days

Slippage unknown: Orderly: no order-book sample; GRVT: 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 GRVT live order book, 2 min ago	2.30 bp	12.4 bp −$12	24.8 bp −$248	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 32 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	−0.1829%	1h	2.1600	−0.735%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0376%	4h	2.1770	+0.046%	$31.4M	$50.6M	50x	as long as short
Variational Omni TRUMP	−0.0341%	4h	2.1771	+0.052%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0331%	1h	2.1750	−0.046%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0255%	1h	2.1768	+0.037%	$394K	$68K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	−0.087%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1760	0.000%	$27.6M	$181.6M	50x	as long as short
Binance TRUMPUSDT	−0.0233%	4h	2.1760	0.000%	$63.6M	$244.6M	75x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1749	−0.050%	$77K	$492K	25x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1751	−0.041%	$947K	$998K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0136%	8h	2.1769	+0.041%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	−0.184%	$142K	$514K	50x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1745	−0.068%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0082%	4h	2.1760	long leg	$5K	$315K	10x
Gate TRUMP_USDT	−0.0062%	4h	2.1760	0.000%	$7.8M	$50.9M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1750	−0.046%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1786	+0.121%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	+0.0004%	4h	2.1760	0.000%	$15.4M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	+0.0007%	4h	2.1750	−0.046%	$4.3M	$695K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1778	+0.081%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1745	−0.069%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0058%	4h	2.1740	−0.092%	$404K	$151K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1788	+0.129%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1780	+0.092%	$414K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1789	+0.132%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1752	−0.036%	$177K	$4.1M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.138%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.092%	$503K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1750	−0.046%	$2K	$21K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0119%	1h	2.1781	+0.095%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1770	+0.046%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0382%	1h	2.1796	+0.165%	$388K	$410K	10x	as long as short