TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.60 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni−0.052%7-day average +0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.052%, 7d avg +0.006%

Together, before fees+0.102%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.058% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.006%). If the spread goes back, that is −$6 on $10k: about 38 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.030% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TRUMP	2.1561	−0.0021	get 0.0010% / 4h	3h 59m	$666K	$488K	—
Short	Bybit TRUMPUSDT	2.1550	0.0100	get 0.0050% / 4h	3h 59m	$30.5M	$49.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $25.32
Price spread: −0.052% → +0.006%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.53
Costs to cover: 0.110%
Break-even: 4.6 days

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Bybit: live order book, 5 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 Variational Omni RFQ quote, 60 min ago	5.04 bp	doesn't fit	17.4 bp −$174	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.33 bp	8.0 bp −$8	16.3 bp −$163	103.3 bp −$10.3K	doesn't fit

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	−0.1765%	1h	2.1490	−0.330%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0405%	1h	2.1550	−0.052%	$94	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1562	+0.001%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0044%	4h	2.1550	−0.052%	$7.6M	$50.3M	75x	as long as short
Binance TRUMPUSDT	−0.0025%	4h	2.1550	−0.052%	$60.6M	$242.9M	75x	as long as short
Extended TRUMP-USD	−0.0024%	1h	2.1549	−0.057%	$74K	$721K	25x	as long as short
Variational Omni TRUMPlong	−0.0021%	4h	2.1561	long leg	$666K	$488K	—
edgeX TRUMPUSDC	−0.0011%	4h	2.1551	−0.047%	$105K	$265K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1586	+0.113%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1574	+0.060%	$41K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0016%	1h	2.1548	−0.061%	$953K	$958K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0038%	8h	2.1576	+0.068%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0043%	4h	2.1550	−0.052%	$4K	$186K	10x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1547	−0.065%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1562	+0.004%	$13.7M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1585	+0.110%	$423K	$793K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1575	+0.063%	$186K	$52K	10x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.1550	−0.052%	$30.5M	$49.7M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1540	−0.098%	$27.3M	$173.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	−0.052%	$405K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1580	+0.087%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	−0.052%	$15.5M	$25.6M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	−0.284%	$183K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.087%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1600	+0.180%	$505K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1570	+0.043%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1582	+0.098%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0215%	4h	2.1550	−0.052%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0325%	1h	2.1575	+0.064%	$342K	$368K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.191%	$278K	$275K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	+0.3274%	1h	2.1645	+0.389%	$407K	$72K	10x	as long as short