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: Variational Omni against BloFin−0.713%641s7-day average 0.000% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.225%−$23 on $10k

Price spread, last 3 days (all we have)+0.763%+$76 · spread now −0.713%, 7d avg 0.000%

Together, before fees+0.538%+ Points / potential airdropVariational Omni: Active · farm board+$54 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 Variational Omni is 0.712% cheaper against BloFin than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 641 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	2.2230	0.0340	pay 0.0170% / 4h	2h 38m	$4.4M	$697K	75x
Short	Variational Omni TRUMP	2.2072	0.0100	get 0.0050% / 4h	2h 38m	$698K	$448K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.713%Rate

Funding earned: −$50.4
Price spread: −0.713% → 0.000%: −$71.23
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$133.63
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 min ago; Variational Omni: RFQ quote, 31 min ago. 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 BloFin live order book, 10 min ago	4.50 bp	10.5 bp −$11	23.1 bp −$231	51.1 bp −$5,112	191.4 bp −$95.7K
Sell Variational Omni RFQ quote, 31 min ago	4.94 bp	doesn't fit	12.7 bp −$127	doesn't fit	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	−0.1623%	1h	2.1980	−1.125%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2112	−0.532%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0018%	4h	2.2030	−0.900%	$7.8M	$48.7M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2056	−0.785%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2114	−0.522%	$416K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2125	−0.472%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+0.073%	$108K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2044	−0.838%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2110	−0.540%	$3K	$236K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2055	−0.787%	$980K	$788K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2084	−0.657%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2077	−0.687%	$437K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2050	−0.810%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2050	−0.810%	$64.0M	$236.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2030	−0.900%	$31.5M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2050	−0.810%	$28.9M	$170.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2050	−0.810%	$439K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2040	−0.855%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2050	−0.810%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.2072	−0.713%	$698K	$448K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2068	−0.729%	$181K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	−0.405%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2110	−0.540%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2220	−0.045%	$569K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2040	−0.855%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2084	−0.659%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2117	−0.506%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0315%	1h	2.2123	−0.481%	$259K	$323K	10x	as long as short
BloFin TRUMP-USDTlong	+0.0340%	4h	2.2230	long leg	$4.4M	$697K	75x
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2136	−0.423%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.585%	$286K	$307K	50x	as long as short