TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.4% APRnext payment −$1.20 per $10,000 · paid last 24h −0.006%

Price spread now: Variational Omni against Bitget−0.367%7-day average −0.011% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 7 days+0.339%+$34 · spread now −0.367%, 7d avg −0.011%

Together, before fees+0.290%+ Points / potential airdropVariational Omni: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.356% cheaper against Bitget than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.048% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1460	0.0100	pay 0.0050% / 4h	1h 45m	$15.3M	$27.2M	75x
Short	Variational Omni TRUMP	2.1381	−0.0141	pay 0.0070% / 4h	1h 45m	$660K	$424K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.367%Rate

Funding earned: −$50.58
Price spread: −0.367% → −0.011%: −$35.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$98.21
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 64 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 Bitget live order book, 4 min ago	2.34 bp	12.5 bp −$13	15.9 bp −$159	47.5 bp −$4,753	doesn't fit
Sell Variational Omni RFQ quote, 64 min ago	5.05 bp	doesn't fit	16.8 bp −$168	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	2.1280	−0.839%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1432	−0.132%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0227%	4h	2.1445	−0.071%	$60.5M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1440	−0.092%	$74K	$741K	25x	as long as short
Variational Omni TRUMPshort	−0.0141%	4h	2.1381	−0.367%	$660K	$424K	—
edgeX TRUMPUSDC	−0.0116%	4h	2.1400	−0.279%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1482	+0.101%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0096%	4h	2.1450	−0.047%	$26.4M	$185.3M	50x	as long as short
Gate TRUMP_USDT	−0.0094%	4h	2.1440	−0.093%	$7.7M	$53.5M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0087%	8h	2.1365	−0.444%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0069%	4h	2.1450	−0.047%	$30.5M	$52.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1440	−0.093%	$5K	$239K	10x	as long as short
SoDEX TRUMP-USD	−0.0014%	1h	2.1448	−0.056%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1396	−0.298%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1453	−0.033%	$404K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1454	−0.026%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1430	−0.140%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1437	−0.106%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1443	−0.079%	$947K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1436	−0.112%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1451	−0.041%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1373	−0.406%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.140%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1430	−0.140%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1460	long leg	$15.3M	$27.2M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	−0.280%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1450	−0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	−0.233%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1460	+0.002%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1400	−0.280%	$205K	$420K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0363%	1h	2.1418	−0.196%	$379K	$415K	10x	as long as short