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: BloFin against Bybit+0.135%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.345%+$34 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now +0.135%, 7d avg +0.015%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.120% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.2210	0.0100	pay 0.0050% / 4h	3h 22m	$31.2M	$44.6M	50x
Short	BloFin TRUMP-USDT	2.2240	0.0340	get 0.0170% / 4h	3h 22m	$4.2M	$643K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.135%Rate

Funding earned: $50.4
Price spread: +0.135% → +0.015%: $11.99
Slippage, 4 orders: −$22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.39
Costs to cover: 0.450%
Break-even: 4.6 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 6 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 Bybit live order book, 1 min ago	2.25 bp	11.6 bp −$12	19.1 bp −$191	112.3 bp −$11.2K	doesn't fit
Sell BloFin live order book, 6 min ago	6.81 bp	12.8 bp −$13	14.7 bp −$147	32.8 bp −$3,276	145.1 bp −$72.5K

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	−0.1608%	1h	2.1910	−1.351%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2222	+0.052%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2255	+0.203%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2234	+0.108%	$417K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2235	+0.115%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2107	−0.463%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2244	+0.153%	$988K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2230	+0.090%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2223	+0.058%	$5K	$175	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2241	+0.141%	$463K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2252	+0.189%	$192K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2220	+0.045%	$63.6M	$222.6M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.2210	long leg	$31.2M	$44.6M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2220	+0.045%	$27.7M	$155.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2230	+0.090%	$7.7M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2230	+0.090%	$482K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2270	+0.270%	$4.5M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2230	+0.090%	$16.3M	$22.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.489%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2167	−0.195%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2250	+0.180%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2235	+0.113%	$77	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2290	+0.360%	$563K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2210	0.000%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2218	+0.038%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0162%	1h	2.2257	+0.212%	$14.4M	$6.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2237	+0.121%	$10K	—	100x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.2240	+0.135%	$4.2M	$643K	75x
Backpack TRUMP_USDC_PERP	+0.0476%	1h	2.2272	+0.279%	$283K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2280	+0.315%	$290K	$277K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0774%	1h	2.2263	+0.238%	$1.3M	$2.5M	50x	as long as short