TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.014%

Price spread now: edgeX against Orderly−0.286%7-day average −0.001% · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)+0.289%+$29 · spread now −0.286%, 7d avg −0.001%

Together, before fees+0.215%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.285% cheaper against Orderly than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.2130	0.0087	pay 0.0043% / 4h	2h 35m	$3K	$244K	10x
Short	edgeX TRUMPUSDC	2.2067	0.0050	get 0.0025% / 4h	2h 35m	$107K	$262K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.286%Rate

Funding earned: −$7.74
Price spread: −0.286% → −0.001%: −$28.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.24
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 32 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 32 min ago	8.92 bp	16.8 bp −$17	43.1 bp −$431	doesn't fit	doesn't fit

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	−0.1623%	1h	2.1900	−1.039%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2124	−0.027%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2146	+0.072%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2138	+0.036%	$417K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2145	+0.066%	$43K	—	150x	as long as short
Gate TRUMP_USDT	+0.0016%	4h	2.2140	+0.045%	$7.8M	$48.9M	75x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.2067	−0.286%	$107K	$262K	20x
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2142	+0.056%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0087%	4h	2.2130	long leg	$3K	$244K	10x
Lighter TRUMP	+0.0096%	1h	2.2129	−0.005%	$983K	$789K	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	2.2161	+0.140%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2152	+0.099%	$438K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2143	+0.058%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2136	+0.028%	$64.3M	$236.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2130	0.000%	$31.7M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	+0.090%	$29.0M	$171.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	+0.045%	$441K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2140	+0.045%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2150	+0.090%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2122	−0.038%	$697K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	−0.243%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	+0.181%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2129	−0.005%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2180	+0.226%	$553K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2139	+0.042%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2130	0.000%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2138	+0.036%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0314%	1h	2.2149	+0.086%	$259K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.452%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2148	+0.081%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2120	−0.045%	$287K	$307K	50x	as long as short