TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Orderly against OKX−0.046%7-day average +0.008% · you buy dearer than you sell

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

Long on OKX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.046%, 7d avg +0.008%

Together, before fees−0.013%−$1 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: Orderly is 0.054% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1830	0.0100	pay 0.0050% / 4h	12m 44s	$27.1M	$152.7M	50x
Short	Orderly PERP_TRUMP_USDC	2.1820	0.0095	get 0.0048% / 4h	12m 44s	$3K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against OKX. 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 OKXbpFee OrderlybpOrdersPrice spread, now −0.046%Rate

Funding earned: −$1
Price spread: −0.046% → +0.008%: −$5.4
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Orderly: no order-book sample. 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 OKX live order book, 1 min ago	2.29 bp	7.3 bp −$7	11.7 bp −$117	44.1 bp −$4,414	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.1770	−0.275%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1814	−0.071%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1846	+0.072%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1822	−0.037%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1823	−0.032%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1848	+0.085%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0095%	4h	2.1820	−0.046%	$3K	$249K	10x
Lighter TRUMP	+0.0096%	1h	2.1839	+0.041%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1815	−0.069%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1827	−0.013%	$454K	$833K	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	2.1836	+0.025%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1840	+0.046%	$62.8M	$226.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	+0.046%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1830	long leg	$27.1M	$152.7M	50x
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.046%	$7.4M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.137%	$472K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	−0.092%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	0.000%	$15.4M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.146%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1885	+0.252%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	+0.092%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	−0.069%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.092%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1801	−0.133%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1805	−0.115%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1820	−0.044%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0249%	1h	2.1853	+0.105%	$14.2M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	+0.137%	$4.2M	$641K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.054%	$285K	$390K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0470%	1h	2.1826	−0.018%	$255K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1837	+0.034%	$1.3M	$2.5M	50x	as long as short