TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0385%/8h= +42.1% APRpaid last 24h +0.097%

Price spread now: Coinbase International against Binance−0.333%53s7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.340% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.333%, 7d avg +0.084%

Together, before fees+0.633%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.417% cheaper against Binance than usual: you would sell low and buy high (spread −0.333% now, against its 7-day average of +0.084%). If the spread goes back, that is −$42 on $10k: about 3.6 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.283% in total) that is about 10 days. The two prices were read 53 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	Binance TRUMPUSDT	2.1502	−0.0193	get 0.0096% / 4h	1h 25m	$60.6M	$252.0M	75x
Short	Coinbase International TRUMP-PERP-INTX	2.1430	0.0192	get 0.0024% / 1h	25m 21s	$203K	$424K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.333%Rate

Funding earned: $80.76
Price spread: −0.333% → +0.084%: −$41.71
Slippage, 4 orders: −$14.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.02
Costs to cover: 0.340%
Break-even: 6.6 days

Slippage from Binance: live order book, 3 min ago; Coinbase International: live order book, 18 min ago.

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 Binance live order book, 3 min ago	2.34 bp	7.3 bp −$7	13.3 bp −$133	33.4 bp −$3,337	262.7 bp −$131.4K
Sell Coinbase International live order book, 18 min ago	4.68 bp	9.7 bp −$10	14.2 bp −$142	doesn't fit	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	−0.1927%	1h	2.1380	−0.565%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1492	−0.046%	$5	—	10x	as long as short
Binance TRUMPUSDTlong	−0.0193%	4h	2.1502	long leg	$60.6M	$252.0M	75x
Extended TRUMP-USD	−0.0192%	1h	2.1485	−0.078%	$74K	$566K	25x	as long as short
Variational Omni TRUMP	−0.0135%	4h	2.1481	−0.094%	$663K	$424K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0099%	4h	2.1490	−0.054%	$26.5M	$185.5M	50x	as long as short
edgeX TRUMPUSDC	−0.0098%	4h	2.1423	−0.365%	$105K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1524	+0.102%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0064%	4h	2.1510	+0.039%	$7.7M	$53.7M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1490	−0.054%	$5K	$248K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0055%	4h	2.1490	−0.054%	$30.5M	$52.6M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0046%	8h	2.1464	−0.177%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1504	+0.011%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1502	+0.002%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	+0.0005%	1h	2.1485	−0.077%	$82	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1505	+0.016%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	−0.100%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0045%	4h	2.1410	−0.426%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1476	−0.119%	$948K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1516	+0.067%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1506	+0.023%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1494	−0.034%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1510	+0.039%	$400K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1520	+0.086%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.054%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.519%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.039%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1520	+0.086%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1449	−0.246%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0192%	1h	2.1430	−0.333%	$203K	$424K	50x
Backpack TRUMP_USDC_PERP	+0.0396%	1h	2.1535	+0.156%	$381K	$417K	10x	as long as short