TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment −$0.60 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Binance+0.009%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.009%, 7d avg −0.012%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.021% dearer against Binance than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.012%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1458	−0.0203	get 0.0102% / 4h	2h 49m	$60.6M	$246.8M	75x
Short	Bybit TRUMPUSDT	2.1460	−0.0323	pay 0.0162% / 4h	2h 49m	$30.5M	$50.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$25.24
Price spread: +0.009% → −0.012%: $2.07
Slippage, 4 orders: −$13.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$58.13
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 4 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 Binance live order book, 9 min ago	2.33 bp	7.3 bp −$7	12.3 bp −$123	35.7 bp −$3,570	269.6 bp −$134.8K
Sell Bybit live order book, 4 min ago	2.33 bp	7.8 bp −$8	15.5 bp −$155	97.3 bp −$9,732	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	−0.1827%	1h	2.1420	−0.177%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0538%	1h	2.1475	+0.079%	$84	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0494%	1h	2.1498	+0.186%	$405K	$72K	10x	as long as short
Lighter TRUMP	−0.0424%	1h	2.1476	+0.084%	$950K	$994K	10x	as long as short
Bybit TRUMPUSDTshort	−0.0323%	4h	2.1460	+0.009%	$30.5M	$50.9M	50x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1507	+0.226%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0234%	8h	2.1517	+0.272%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0210%	4h	2.1480	+0.102%	$7.7M	$52.3M	75x	as long as short
Binance TRUMPUSDTlong	−0.0203%	4h	2.1458	long leg	$60.6M	$246.8M	75x
Extended TRUMP-USD	−0.0200%	1h	2.1474	+0.075%	$74K	$718K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	+0.341%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	+0.217%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0036%	1h	2.1546	+0.410%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1536	+0.364%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0020%	4h	2.1510	+0.242%	$5K	$209K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0003%	4h	2.1460	+0.009%	$27.3M	$178.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1520	+0.289%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1485	+0.125%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1520	+0.289%	$4.2M	$648K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1483	+0.116%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1497	+0.180%	$404K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1543	+0.396%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1480	+0.102%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1480	+0.102%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.056%	$15.5M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.428%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.242%	$489K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1519	+0.284%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1500	+0.195%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0371%	1h	2.1504	+0.214%	$381K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.661%	$286K	$305K	50x	as long as short