TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.92 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget−0.093%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.093%, 7d avg −0.011%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.082% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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	2.1540	0.0100	pay 0.0050% / 4h	2h 03m	$15.4M	$27.1M	75x
Short	OKX TRUMP-USDT-SWAP	2.1520	−0.0085	pay 0.0042% / 4h	2h 03m	$26.6M	$185.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$38.79
Price spread: −0.093% → −0.011%: −$8.18
Slippage, 4 orders: −$12.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.32
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	2.32 bp	8.5 bp −$9	15.2 bp −$152	49.6 bp −$4,959	doesn't fit
Sell OKX live order book, 5 min ago	2.32 bp	7.3 bp −$7	10.2 bp −$102	43.5 bp −$4,351	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	2.1440	−0.464%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0344%	1h	2.1525	−0.070%	$951K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0280%	1h	2.1535	−0.023%	$82	$6K	5x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1529	−0.052%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0271%	4h	2.1540	0.000%	$60.7M	$251.3M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1541	+0.006%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0200%	4h	2.1540	0.000%	$30.6M	$52.2M	50x	as long as short
Variational Omni TRUMP	−0.0180%	4h	2.1531	−0.041%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0159%	8h	2.1536	−0.017%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0139%	4h	2.1567	+0.123%	$105K	$264K	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	−0.0106%	4h	2.1540	0.000%	$7.7M	$54.0M	75x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0085%	4h	2.1520	−0.093%	$26.6M	$185.1M	50x
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1540	0.000%	$4K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0036%	4h	2.1530	−0.046%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0016%	1h	2.1556	+0.075%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1556	+0.074%	$406K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1562	+0.103%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1535	−0.023%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0034%	4h	2.1517	−0.106%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1559	+0.088%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.046%	$405K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1547	+0.033%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	0.000%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1540	0.000%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1540	long leg	$15.4M	$27.1M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1580	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1560	+0.093%	$486K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1561	+0.097%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1570	+0.138%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0278%	1h	2.1575	+0.162%	$384K	$413K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1540	0.000%	$214K	$409K	50x	as long as short