TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0413%/8h= +45.2% APRnext payment +$2.06 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.046%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.046%, 7d avg +0.006%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.06 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	Bybit TRUMPUSDT	2.1530	−0.0313	get 0.0156% / 4h	2h 48m	$30.6M	$51.0M	50x
Short	Bitget TRUMPUSDT	2.1540	0.0100	get 0.0050% / 4h	2h 48m	$15.5M	$26.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.046%Rate

Funding earned: $86.66
Price spread: +0.046% → +0.006%: $4.03
Slippage, 4 orders: −$20.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $46.82
Costs to cover: 0.439%
Break-even: 3.2 days

Slippage from Bybit: live order book, 5 min ago; Bitget: 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 Bybit live order book, 5 min ago	2.33 bp	12.5 bp −$12	19.1 bp −$191	100.3 bp −$10.0K	doesn't fit
Sell Bitget live order book, 5 min ago	2.33 bp	10.7 bp −$11	15.4 bp −$154	50.4 bp −$5,041	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	2.1360	−0.790%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0548%	1h	2.1470	−0.279%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0456%	1h	2.1500	−0.139%	$951K	$994K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0355%	1h	2.1492	−0.176%	$405K	$72K	10x	as long as short
Bybit TRUMPUSDTlong	−0.0313%	4h	2.1530	long leg	$30.6M	$51.0M	50x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1527	−0.016%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0233%	8h	2.1492	−0.178%	$5K	$175	5x	as long as short
Binance TRUMPUSDT	−0.0215%	4h	2.1530	0.000%	$60.8M	$246.7M	75x	as long as short
Extended TRUMP-USD	−0.0208%	1h	2.1519	−0.050%	$74K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0194%	4h	2.1520	−0.046%	$7.7M	$52.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	+0.006%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	−0.118%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0030%	1h	2.1504	−0.121%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1530	0.000%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0022%	4h	2.1480	−0.232%	$5K	$209K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0001%	4h	2.1520	−0.046%	$27.3M	$179.3M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1545	+0.069%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0031%	4h	2.1460	−0.325%	$4.2M	$644K	75x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1465	−0.302%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1545	+0.070%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1548	+0.083%	$405K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1507	−0.107%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	−0.046%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1530	0.000%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1540	+0.046%	$15.5M	$26.4M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1520	−0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	−0.139%	$489K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1550	+0.091%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1502	−0.129%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0336%	1h	2.1512	−0.084%	$381K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.325%	$281K	$305K	50x	as long as short