TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0157%/8h= −17.2% APRnext payment −$0.79 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against Orderly+0.149%7-day average +0.027% · you sell dearer than you buy

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.149%, 7d avg +0.027%

Together, before fees−0.179%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.122% dearer against Orderly than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.027%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 4 days (−0.028% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1180	−0.0045	get 0.0023% / 4h	2h 26m	$5K	$223K	10x
Short	Variational Omni TRUMP	2.1212	−0.0202	pay 0.0101% / 4h	2h 26m	$654K	$426K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. 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 OrderlybpFee Variational OmnibpOrdersPrice spread, now +0.149%Rate

Funding earned: −$32.97
Price spread: +0.149% → +0.027%: $12.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.79
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 23 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 Variational Omni RFQ quote, 23 min ago	5.05 bp	doesn't fit	16.8 bp −$168	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	−0.1827%	1h	2.1080	−0.472%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1198	+0.085%	$937K	$999K	10x	as long as short
SoDEX TRUMP-USD	−0.0434%	1h	2.1205	+0.118%	$83	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0371%	4h	2.1210	+0.142%	$29.9M	$51.7M	50x	as long as short
Binance TRUMPUSDT	−0.0272%	4h	2.1243	+0.297%	$59.8M	$250.4M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1224	+0.208%	$76K	$746K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1202	+0.103%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0228%	8h	2.1195	+0.073%	$5K	$175	5x	as long as short
Variational Omni TRUMPshort	−0.0202%	4h	2.1212	+0.149%	$654K	$426K	—
Gate TRUMP_USDT	−0.0188%	4h	2.1210	+0.142%	$7.6M	$53.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	−0.0132%	4h	2.1264	+0.397%	$104K	$263K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0074%	4h	2.1210	+0.142%	$26.5M	$179.8M	50x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0045%	4h	2.1180	long leg	$5K	$223K	10x
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1215	+0.166%	$175K	$4.7M	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0033%	1h	2.1221	+0.194%	$400K	$72K	10x	as long as short
BloFin TRUMP-USDT	−0.0030%	4h	2.1160	−0.094%	$4.1M	$682K	75x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1202	+0.104%	$26K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1214	+0.161%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1190	+0.047%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1218	+0.179%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1249	+0.327%	$399K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1197	+0.082%	$182K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1220	+0.189%	$395K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1220	+0.189%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1240	+0.283%	$15.2M	$26.7M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1240	+0.283%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1240	+0.283%	$476K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1219	+0.184%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0161%	1h	2.1244	+0.302%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0200%	1h	2.1226	+0.219%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	+0.142%	$241K	$341K	50x	as long as short