TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Orderly+0.140%7-day average +0.037% · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.140%, 7d avg +0.037%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.103% dearer against Orderly than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.037%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1360	−0.0090	get 0.0045% / 4h	45m 51s	$5K	$291K	10x
Short	KuCoin TRUMPUSDTM	2.1390	−0.0230	pay 0.0115% / 4h	45m 51s	$4.3M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$29.3
Price spread: +0.140% → +0.037%: $10.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.35 bp	16.1 bp −$16	69.1 bp −$691	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 exchanges

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
SoDEX TRUMP-USD	−0.0468%	1h	2.1375	+0.070%	$80	$6K	5x	as long as short
Extended TRUMP-USD	−0.0392%	1h	2.1388	+0.132%	$76K	$486K	25x	as long as short
Binance TRUMPUSDT	−0.0388%	4h	2.1400	+0.187%	$62.6M	$236.0M	75x	as long as short
Variational Omni TRUMP	−0.0381%	4h	2.1339	−0.097%	$664K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0326%	4h	2.1400	+0.187%	$31.1M	$48.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.421%	$125K	$520K	50x	as long as short
Lighter TRUMP	−0.0312%	1h	2.1370	+0.047%	$914K	$929K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0311%	1h	2.1369	+0.042%	$384K	$67K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0297%	4h	2.1390	+0.140%	$27.1M	$172.3M	50x	as long as short
MEXC TRUMP_USDC	−0.0282%	4h	2.1380	+0.094%	$387K	$142K	125x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1370	+0.045%	$5	—	10x	as long as short
KuCoin TRUMPUSDTMshort	−0.0230%	4h	2.1390	+0.140%	$4.3M	$10.0M	50x
Gate TRUMP_USDT	−0.0222%	4h	2.1390	+0.140%	$7.7M	$46.3M	75x	as long as short
edgeX TRUMPUSDC	−0.0193%	4h	2.1316	−0.205%	$104K	$253K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0155%	8h	2.1390	+0.141%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0145%	4h	2.1380	+0.094%	$4.3M	$656K	75x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0090%	4h	2.1360	long leg	$5K	$291K	10x
Bitget TRUMPUSDT	−0.0034%	4h	2.1410	+0.234%	$15.5M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0023%	1h	2.1414	+0.255%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1375	+0.068%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0002%	4h	2.1334	−0.124%	$179K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1380	+0.092%	$40K	—	150x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.047%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1400	+0.187%	$13.5M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1390	+0.141%	$403K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1385	+0.119%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.187%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1390	+0.140%	$475K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1370	+0.047%	$281K	$621K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0182%	1h	2.1419	+0.276%	$382K	$389K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0220% / S −0.0222%	1h	2.1387	+0.124%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0327%	1h	2.1405	+0.212%	$1.4M	$2.1M	50x	as long as short