TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Binance+0.003%7-day average −0.009% · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.003%, 7d avg −0.009%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.082%, 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	2.2049	0.0100	pay 0.0050% / 4h	38m 10s	$63.6M	$224.3M	75x
Short	Orderly PERP_TRUMP_USDC	2.2050	0.0091	get 0.0045% / 4h	38m 10s	$3K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.003%Rate

Funding earned: −$1.92
Price spread: +0.003% → −0.009%: $1.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.71
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago	2.27 bp	7.3 bp −$7	11.3 bp −$113	37.6 bp −$3,763	220.4 bp −$110.2K
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	2.1970	−0.360%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2037	−0.055%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2027	−0.101%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2052	+0.012%	$414K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2046	−0.014%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2072	+0.103%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0091%	4h	2.2050	+0.003%	$3K	$249K	10x
Lighter TRUMP	+0.0096%	1h	2.2045	−0.020%	$988K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2022	−0.123%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2049	0.000%	$459K	$832K	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	2.2025	−0.109%	$189K	$60K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.2049	long leg	$63.6M	$224.3M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2040	−0.043%	$31.1M	$44.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2040	−0.043%	$27.2M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2040	−0.043%	$7.5M	$48.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2030	−0.088%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2050	+0.003%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2050	+0.003%	$15.8M	$21.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2082	+0.149%	$648K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2096	+0.213%	$193K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2080	+0.139%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2046	−0.016%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2080	+0.139%	$560K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2041	−0.037%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2034	−0.068%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2043	−0.031%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0336%	1h	2.2073	+0.107%	$14.2M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.088%	$4.3M	$636K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.048%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0517%	1h	2.2073	+0.107%	$260K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0866%	1h	2.2070	+0.095%	$1.3M	$2.5M	50x	as long as short