TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0192%/8h= +21.0% APRnext payment +$0.96 per $10,000 · paid last 24h −0.019%

Price spread now: edgeX against Bybit−0.224%101s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$490.492% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.372%+$37 · spread now −0.224%, 7d avg +0.001%

Together, before fees+0.304%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.225% cheaper against Bybit than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of +0.001%). If the spread goes back, that is −$22 on $10k: about 3.9 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.068% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.96 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	2.1870	−0.0208	get 0.0104% / 4h	3h 43m	$30.9M	$49.9M	50x
Short	edgeX TRUMPUSDC	2.1821	−0.0016	pay 0.0008% / 4h	3h 43m	$106K	$265K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.224%Rate

Funding earned: $40.35
Price spread: −0.224% → +0.001%: −$22.48
Slippage, 4 orders: −$29.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.29
Costs to cover: 0.492%
Break-even: 12.4 days

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 9 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	2.29 bp	9.1 bp −$9	17.2 bp −$172	153.2 bp −$15.3K	doesn't fit
Sell edgeX live order book, 9 min ago	6.88 bp	14.4 bp −$14	40.9 bp −$409	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	−0.1765%	1h	2.1710	−0.732%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1831	−0.176%	$5	—	10x	as long as short
Bybit TRUMPUSDTlong	−0.0208%	4h	2.1870	long leg	$30.9M	$49.9M	50x
Gate TRUMP_USDT	−0.0162%	4h	2.1860	−0.046%	$7.9M	$51.1M	75x	as long as short
SoDEX TRUMP-USD	−0.0107%	1h	2.1845	−0.114%	$95	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0043%	4h	2.1868	−0.010%	$61.7M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1849	−0.096%	$75K	$722K	25x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.315%	$676K	$513K	—	as long as short
edgeX TRUMPUSDCshort	−0.0016%	4h	2.1821	−0.224%	$106K	$265K	20x
dYdX TRUMP-USD	0.0000%	1h	2.1836	−0.155%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1853	−0.078%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1854	−0.075%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0036%	4h	2.1840	−0.137%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0039%	8h	2.1827	−0.195%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1831	−0.181%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1845	−0.114%	$968K	$967K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1886	+0.073%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1878	+0.035%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1815	−0.249%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.091%	$27.9M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.046%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	0.000%	$15.8M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.320%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	−0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	0.000%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1873	+0.012%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1863	−0.033%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0201%	4h	2.1830	−0.183%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.137%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0401%	1h	2.1898	+0.128%	$344K	$374K	10x	as long as short