TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0263%/8h= −28.8% APRnext payment −$1.32 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against Bitget−0.047%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.047%, 7d avg +0.006%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.053% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1420	0.0100	pay 0.0050% / 4h	1h 01m	$15.2M	$27.0M	75x
Short	Binance TRUMPUSDT	2.1410	−0.0163	pay 0.0082% / 4h	1h 01m	$60.5M	$251.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: −$55.24
Price spread: −0.047% → +0.006%: −$5.32
Slippage, 4 orders: −$16.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.03
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 12 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 Bitget live order book, 2 min ago	2.33 bp	12.9 bp −$13	15.9 bp −$159	40.2 bp −$4,017	doesn't fit
Sell Binance live order book, 12 min ago	2.33 bp	7.3 bp −$7	10.3 bp −$103	36.9 bp −$3,692	182.6 bp −$91.3K

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	−0.1927%	1h	2.1340	−0.373%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1402	−0.086%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1433	+0.061%	$404K	$81K	10x	as long as short
Binance TRUMPUSDTshort	−0.0163%	4h	2.1410	−0.047%	$60.5M	$251.3M	75x
Extended TRUMP-USD	−0.0160%	1h	2.1419	−0.005%	$74K	$521K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0117%	4h	2.1410	−0.047%	$26.5M	$184.2M	50x	as long as short
SoDEX TRUMP-USD	−0.0109%	1h	2.1425	+0.023%	$82	$6K	5x	as long as short
Variational Omni TRUMP	−0.0107%	4h	2.1501	+0.379%	$664K	$423K	—	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1452	+0.148%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0080%	4h	2.1454	+0.159%	$105K	$255K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0074%	4h	2.1400	−0.093%	$7.7M	$53.8M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0053%	4h	2.1420	0.000%	$5K	$260K	10x	as long as short
Bybit TRUMPUSDT	−0.0038%	4h	2.1410	−0.047%	$30.5M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0032%	8h	2.1428	+0.039%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	−0.0001%	1h	2.1446	+0.120%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1444	+0.114%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1401	−0.089%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1425	+0.023%	$936K	$1.0M	10x	as long as short
BloFin TRUMP-USDT	+0.0078%	4h	2.1480	+0.280%	$4.1M	$703K	75x	as long as short
KuCoin TRUMPUSDTM	+0.0080%	4h	2.1420	0.000%	$4.2M	$11.0M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1429	+0.043%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1423	+0.013%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1449	+0.135%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1410	−0.047%	$398K	$151K	125x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1420	long leg	$15.2M	$27.0M	75x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1450	+0.140%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.187%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1450	+0.140%	$482K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1448	+0.131%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	+0.047%	$186K	$442K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0420%	1h	2.1464	+0.205%	$380K	$415K	10x	as long as short