TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.010%

Price spread now: Bybit against Gate+0.046%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.046%, 7d avg −0.018%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.063% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TRUMP_USDT	2.1800	−0.0010	get 0.0005% / 4h	3h 46m	$7.8M	$51.0M	75x
Short	Bybit TRUMPUSDT	2.1810	−0.0015	pay 0.0007% / 4h	3h 46m	$30.8M	$49.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$0.95
Price spread: +0.046% → −0.018%: $6.34
Slippage, 4 orders: −$23.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.43
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: 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 Gate live order book, 2 min ago	2.29 bp	14.3 bp −$14	19.4 bp −$194	65.2 bp −$6,517	doesn't fit
Sell Bybit live order book, 2 min ago	2.29 bp	11.9 bp −$12	18.8 bp −$188	114.5 bp −$11.4K	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	−0.1765%	1h	2.1750	−0.229%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1821	+0.098%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0076%	1h	2.1810	+0.046%	$95	$6K	5x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1779	−0.097%	$75K	$722K	25x	as long as short
Binance TRUMPUSDT	−0.0039%	4h	2.1800	0.000%	$61.5M	$244.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1774	−0.117%	$106K	$264K	20x	as long as short
Bybit TRUMPUSDTshort	−0.0015%	4h	2.1810	+0.046%	$30.8M	$49.9M	50x
Gate TRUMP_USDTlong	−0.0010%	4h	2.1800	long leg	$7.8M	$51.0M	75x
dYdX TRUMP-USD	0.0000%	1h	2.1816	+0.075%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1823	+0.106%	$411K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1838	+0.174%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	−0.086%	$676K	$514K	—	as long as short
Orderly PERP_TRUMP_USDC	+0.0039%	4h	2.1820	+0.092%	$4K	$177K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1797	−0.012%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1805	+0.023%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1793	−0.032%	$964K	$960K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1830	+0.138%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1838	+0.176%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1807	+0.032%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	+0.046%	$27.8M	$178.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	0.000%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	0.000%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	0.000%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.138%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.138%	$509K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1840	+0.183%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1837	+0.168%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0204%	4h	2.1810	+0.046%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	+0.183%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0451%	1h	2.1841	+0.188%	$343K	$375K	10x	as long as short