TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.081%

Price spread now: Variational Omni against Coinbase International+0.101%7-day average −0.055% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.216%−$22 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.101%, 7d avg −0.055%

Together, before fees−0.330%+ Points / potential airdropVariational Omni: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.156% dearer against Coinbase International than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.055%): +$16 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.2060	0.0424	pay 0.0053% / 1h	38m 54s	$285K	$391K	50x
Short	Variational Omni TRUMP	2.2082	0.0100	get 0.0050% / 4h	38m 54s	$648K	$373K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now +0.101%Rate

Funding earned: −$68.04
Price spread: +0.101% → −0.055%: $15.63
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$62.41
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 39 min ago; Variational Omni: RFQ quote, 40 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 Coinbase International live order book, 39 min ago	13.70 bp	27.4 bp −$27	31.1 bp −$311	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 40 min ago	5.00 bp	doesn't fit	15.7 bp −$157	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	−0.1537%	1h	2.1970	−0.408%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1997	−0.284%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1997	−0.285%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2024	−0.163%	$413K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2017	−0.195%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2072	+0.055%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2030	−0.136%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2015	−0.204%	$987K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.1999	−0.276%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2021	−0.178%	$459K	$832K	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	2.2000	−0.274%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2019	−0.185%	$63.6M	$224.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2010	−0.227%	$31.0M	$44.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2030	−0.136%	$27.2M	$152.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2010	−0.227%	$7.4M	$48.1M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2000	−0.272%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2020	−0.181%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2020	−0.181%	$15.8M	$21.5M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.2082	+0.101%	$648K	$373K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2096	+0.165%	$193K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2060	0.000%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2025	−0.159%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2050	−0.045%	$564K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2011	−0.221%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2015	−0.204%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2021	−0.176%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0328%	1h	2.2043	−0.077%	$14.2M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.136%	$4.3M	$636K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0424%	1h	2.2060	long leg	$285K	$391K	50x
Backpack TRUMP_USDC_PERP	+0.0510%	1h	2.2048	−0.054%	$260K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0867%	1h	2.2049	−0.051%	$1.3M	$2.5M	50x	as long as short