TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.066%

Price spread now: Variational Omni against BloFin−0.221%71s7-day average +0.003% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.225%−$23 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now −0.221%, 7d avg +0.003%

Together, before fees−0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 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 0.224% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 71 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	2.2100	0.0340	pay 0.0170% / 4h	2h 58m	$4.3M	$672K	75x
Short	Variational Omni TRUMP	2.2051	0.0100	get 0.0050% / 4h	2h 58m	$702K	$441K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.221%Rate

Funding earned: −$50.4
Price spread: −0.221% → +0.003%: −$22.37
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$84.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Variational Omni: RFQ quote, 11 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 BloFin live order book, 5 min ago	6.76 bp	12.8 bp −$13	19.6 bp −$196	45.8 bp −$4,576	193.9 bp −$96.9K
Sell Variational Omni RFQ quote, 11 min ago	4.94 bp	doesn't fit	12.7 bp −$127	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	−0.1623%	1h	2.1990	−0.498%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0352%	1h	2.2030	−0.317%	$979K	$778K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	−0.174%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1956	−0.650%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2035	−0.294%	$415K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2044	−0.252%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.449%	$108K	$263K	20x	as long as short
SoDEX TRUMP-USD	+0.0062%	1h	2.2027	−0.330%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1994	−0.479%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2040	−0.271%	$3K	$248K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2063	−0.167%	$14.4M	$6.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2037	−0.285%	$437K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1970	−0.590%	$191K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2069	−0.138%	$63.7M	$231.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2070	−0.136%	$31.3M	$46.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2080	−0.090%	$28.6M	$164.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2040	−0.271%	$7.8M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2020	−0.362%	$469K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2050	−0.226%	$4.1M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2080	−0.090%	$15.8M	$23.4M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.2051	−0.221%	$702K	$441K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2080	−0.090%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2050	−0.226%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2130	+0.136%	$574K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2070	−0.137%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2037	−0.286%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.2070	−0.136%	$261K	$312K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2052	−0.215%	$10K	—	100x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.2100	long leg	$4.3M	$672K	75x
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2050	−0.226%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2230	+0.588%	$292K	$286K	50x	as long as short