TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.008%

Price spread now: OKX against Binance−0.046%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.046%, 7d avg −0.017%

Together, before fees+0.135%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1570	−0.0300	get 0.0150% / 4h	2h 07m	$63.4M	$239.9M	75x
Short	OKX TRUMP-USDT-SWAP	2.1560	−0.0327	pay 0.0163% / 4h	2h 07m	$27.3M	$175.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$5.57
Price spread: −0.046% → −0.017%: −$2.92
Slippage, 4 orders: −$9.28
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.77
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; OKX: live order book, 4 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, 14 min ago	2.32 bp	7.3 bp −$7	9.3 bp −$93	40.1 bp −$4,008	287.5 bp −$143.8K
Sell OKX live order book, 4 min ago	2.32 bp	7.3 bp −$7	10.3 bp −$103	33.4 bp −$3,341	doesn't fit

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
Injective TRUMP/USDC PERP	−0.1841%	1h	2.1600	+0.139%	$13K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0359%	4h	2.1550	−0.092%	$669K	$403K	—	as long as short
Bybit TRUMPUSDT	−0.0328%	4h	2.1570	0.000%	$31.4M	$49.1M	50x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0327%	4h	2.1560	−0.046%	$27.3M	$175.6M	50x
Extended TRUMP-USD	−0.0304%	1h	2.1568	−0.009%	$74K	$496K	25x	as long as short
SoDEX TRUMP-USD	−0.0301%	1h	2.1565	−0.023%	$67	$6K	5x	as long as short
Binance TRUMPUSDTlong	−0.0300%	4h	2.1570	long leg	$63.4M	$239.9M	75x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1560	−0.047%	$5	—	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1520	−0.232%	$132K	$517K	50x	as long as short
Gate TRUMP_USDT	−0.0226%	4h	2.1570	0.000%	$7.8M	$48.6M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0224%	1h	2.1563	−0.032%	$931K	$981K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0198%	8h	2.1563	−0.034%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0150%	4h	2.1551	−0.087%	$105K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0126%	4h	2.1570	0.000%	$4.2M	$10.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0116%	4h	2.1560	−0.046%	$393K	$152K	125x	as long as short
Orderly PERP_TRUMP_USDC	−0.0076%	4h	2.1560	−0.046%	$5K	$309K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0074%	1h	2.1575	+0.023%	$387K	$78K	10x	as long as short
BloFin TRUMP-USDT	−0.0060%	4h	2.1550	−0.093%	$4.3M	$677K	75x	as long as short
Bitget TRUMPUSDT	−0.0016%	4h	2.1580	+0.046%	$15.5M	$25.4M	75x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1556	−0.065%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1550	−0.093%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1583	+0.060%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0016%	1h	2.1599	+0.136%	$1.3M	$2.1M	50x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1555	−0.070%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1589	+0.088%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1571	+0.006%	$406K	$655K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1573	+0.014%	$186K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.093%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	+0.046%	$497K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1570	0.000%	$109K	$277K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0190% / S −0.0185%	1h	2.1580	+0.045%	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0253%	1h	2.1602	+0.148%	$386K	$397K	10x	as long as short