TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.066%

Price spread now: Bitget against BloFin−0.450%95s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.590% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.301%−$30 on $10k

Price spread, last 3 days (all we have)+0.412%+$41 · spread now −0.450%, 7d avg −0.007%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.443% cheaper against BloFin than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.2210	0.0340	pay 0.0170% / 4h	3h 01m	$4.3M	$675K	75x
Short	Bitget TRUMPUSDT	2.2110	0.0100	get 0.0050% / 4h	3h 01m	$16.0M	$23.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.450%Rate

Funding earned: −$50.4
Price spread: −0.450% → −0.007%: −$44.29
Slippage, 4 orders: −$35.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$153.73
Costs to cover: 0.590%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Bitget: live order book, 2 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 BloFin live order book, 7 min ago	6.68 bp	14.5 bp −$14	20.9 bp −$209	42.5 bp −$4,254	213.9 bp −$106.9K
Sell Bitget live order book, 2 min ago	2.25 bp	12.3 bp −$12	20.9 bp −$209	81.7 bp −$8,172	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	−0.1608%	1h	2.2180	−0.135%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2161	−0.219%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2156	−0.242%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2185	−0.113%	$416K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2195	−0.068%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	−0.048%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.2116	−0.425%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0093%	4h	2.2180	−0.135%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2139	−0.320%	$982K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2184	−0.117%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2172	−0.170%	$463K	$837K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2160	−0.227%	$192K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2108	−0.459%	$63.8M	$230.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2090	−0.540%	$31.4M	$46.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2100	−0.495%	$28.8M	$163.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2120	−0.405%	$7.9M	$49.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	−0.315%	$477K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2170	−0.180%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.2110	−0.450%	$16.0M	$23.0M	75x
Variational Omni TRUMP	+0.0100%	4h	2.2321	+0.499%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.734%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2180	−0.135%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2155	−0.248%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2220	+0.045%	$576K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2105	−0.474%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2237	+0.122%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2195	−0.068%	$10K	—	100x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.2210	long leg	$4.3M	$675K	75x
Backpack TRUMP_USDC_PERP	+0.0444%	1h	2.2170	−0.180%	$259K	$305K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	+0.090%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2182	−0.126%	$1.3M	$2.6M	50x	as long as short