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: Variational Omni against Orderly−0.218%48s7-day average +0.023% · you buy dearer than you sell

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$3 on $10k

Price spread, last 3 days (all we have)+0.307%+$31 · spread now −0.218%, 7d avg +0.023%

Together, before fees+0.282%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.241% cheaper against Orderly than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of +0.023%). If the spread goes back, that is −$24 on $10k: about 57 days of funding at the current rate ($0 a day). The two prices were read 48 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	2.1850	0.0086	pay 0.0043% / 4h	1h 28m	$3K	$249K	10x
Short	Variational Omni TRUMP	2.1802	0.0100	get 0.0050% / 4h	1h 28m	$685K	$266K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.218%Rate

Funding earned: $2.94
Price spread: −0.218% → +0.023%: −$24.1
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.16
Costs to cover: 0.060%
Break-even: 71.6 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 56 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 Variational Omni RFQ quote, 56 min ago	5.01 bp	doesn't fit	21.9 bp −$219	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	−0.1472%	1h	2.1700	−0.686%	$32K	$147K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1832	−0.081%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1867	+0.079%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1852	+0.009%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1836	−0.064%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	−0.012%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0086%	4h	2.1850	long leg	$3K	$249K	10x
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1875	+0.114%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1872	+0.101%	$973K	$676K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1901	+0.233%	$14.0M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1881	+0.143%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1881	+0.142%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1900	+0.227%	$62.4M	$218.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1900	+0.229%	$30.4M	$43.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	+0.229%	$26.8M	$150.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1870	+0.092%	$7.4M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	+0.046%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	+0.092%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.229%	$15.5M	$20.9M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1802	−0.218%	$685K	$266K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1787	−0.286%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.046%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1845	−0.023%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1860	+0.046%	$532K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	+0.142%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1847	−0.012%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1840	−0.044%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1840	−0.046%	$4.2M	$514K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0352%	1h	2.1880	+0.137%	$262K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.046%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1875	+0.114%	$1.3M	$2.5M	50x	as long as short