TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.49 per $10,000 · paid last 24h −0.070%

Price spread now: Gate against BloFin−0.280%78s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as 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−$470.468% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.275%−$28 on $10k

Price spread, last 4 days (all we have)+0.268%+$27 · spread now −0.280%, 7d avg +0.011%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.290% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 78 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	BloFin TRUMP-USDT	2.1450	−0.0005	get 0.0003% / 4h	1h 51m	$4.1M	$687K	75x
Short	Gate TRUMP_USDT	2.1390	−0.0104	pay 0.0052% / 4h	1h 51m	$7.6M	$53.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.280%Rate

Funding earned: −$20.76
Price spread: −0.280% → +0.011%: −$29.03
Slippage, 4 orders: −$19.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.63
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 2 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 BloFin live order book, 2 min ago	2.33 bp	8.3 bp −$8	10.8 bp −$108	20.6 bp −$2,064	102.2 bp −$51.1K
Sell Gate live order book, 2 min ago	2.33 bp	15.4 bp −$15	29.0 bp −$290	77.7 bp −$7,765	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	2.1310	−0.653%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1412	−0.179%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0242%	4h	2.1383	−0.311%	$60.4M	$251.5M	75x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1394	−0.260%	$74K	$742K	25x	as long as short
Variational Omni TRUMP	−0.0165%	4h	2.1451	+0.006%	$662K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1445	−0.023%	$105K	$264K	20x	as long as short
Bybit TRUMPUSDT	−0.0120%	4h	2.1390	−0.280%	$30.3M	$52.3M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0108%	8h	2.1439	−0.052%	$5K	$175	5x	as long as short
Gate TRUMP_USDTshort	−0.0104%	4h	2.1390	−0.280%	$7.6M	$53.5M	75x
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1441	−0.040%	$1.3M	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0095%	4h	2.1370	−0.373%	$26.3M	$184.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1430	−0.093%	$5K	$234K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1425	−0.117%	$403K	$81K	10x	as long as short
BloFin TRUMP-USDTlong	−0.0005%	4h	2.1450	long leg	$4.1M	$687K	75x
dYdX TRUMP-USD	0.0000%	1h	2.1446	−0.017%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1432	−0.084%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1407	−0.199%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1403	−0.219%	$944K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	+0.0068%	1h	2.1415	−0.163%	$82	$6K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0094%	4h	2.1440	−0.047%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1416	−0.159%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1405	−0.209%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1443	−0.032%	$184K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	−0.280%	$398K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	−0.233%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	−0.233%	$15.2M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1440	−0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	−0.093%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1424	−0.122%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	−0.093%	$205K	$419K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0425%	1h	2.1432	−0.084%	$380K	$415K	10x	as long as short