TRUMP

Alert: funding

Alert: spread

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

Price spread now: Bybit against BloFin+0.045%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

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

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$34 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.045%, 7d avg −0.014%

Together, before fees−0.414%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.059% dearer against BloFin than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.014%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TRUMP-USDT	2.2030	0.0340	pay 0.0170% / 4h	38m 32s	$4.3M	$636K	75x
Short	Bybit TRUMPUSDT	2.2040	0.0100	get 0.0050% / 4h	38m 32s	$31.1M	$44.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$50.4
Price spread: +0.045% → −0.014%: $5.89
Slippage, 4 orders: −$11.34
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.85
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Bybit: 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 BloFin live order book, 5 min ago	2.27 bp	8.3 bp −$8	16.5 bp −$165	43.6 bp −$4,362	168.7 bp −$84.4K
Sell Bybit live order book, 5 min ago	2.26 bp	7.8 bp −$8	14.4 bp −$144	103.8 bp −$10.4K	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	−0.1537%	1h	2.1970	−0.272%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2037	+0.033%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2027	−0.013%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2024	−0.027%	$413K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2017	−0.059%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2072	+0.191%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2030	0.000%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2022	−0.036%	$987K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2022	−0.035%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2026	−0.018%	$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	−0.021%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2041	+0.050%	$63.7M	$224.3M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.2040	+0.045%	$31.1M	$44.3M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2050	+0.091%	$27.2M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2020	−0.045%	$7.5M	$48.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2000	−0.136%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2020	−0.045%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2050	+0.091%	$15.8M	$21.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2082	+0.237%	$648K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2096	+0.301%	$193K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2060	+0.136%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2025	−0.023%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2050	+0.091%	$564K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2021	−0.039%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2015	−0.068%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2021	−0.040%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0335%	1h	2.2070	+0.182%	$14.2M	$7.5M	10x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.2030	long leg	$4.3M	$636K	75x
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.136%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0510%	1h	2.2048	+0.082%	$260K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0867%	1h	2.2049	+0.085%	$1.3M	$2.5M	50x	as long as short