TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Orderly against Bybit−0.181%7-day average −0.005% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.181%, 7d avg −0.005%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.176% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.2160	0.0100	pay 0.0050% / 4h	3h 24m	$31.1M	$44.5M	50x
Short	Orderly PERP_TRUMP_USDC	2.2120	0.0097	get 0.0048% / 4h	3h 24m	$3K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.181%Rate

Funding earned: −$0.7
Price spread: −0.181% → −0.005%: −$17.59
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Orderly: no order-book sample. 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 Bybit live order book, 4 min ago	2.27 bp	7.8 bp −$8	16.4 bp −$164	112.0 bp −$11.2K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	2.1910	−1.128%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2117	−0.196%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	−0.307%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2138	−0.099%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2136	−0.111%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2029	−0.592%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2159	−0.005%	$984K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDCshort	+0.0097%	4h	2.2120	−0.181%	$3K	$249K	10x
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2104	−0.255%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2168	+0.037%	$461K	$836K	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	2.2120	−0.182%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2175	+0.069%	$63.3M	$222.2M	75x	as long as short
Bybit TRUMPUSDTlong	+0.0100%	4h	2.2160	long leg	$31.1M	$44.5M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2170	+0.045%	$27.5M	$155.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2160	0.000%	$7.7M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2150	−0.045%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2160	0.000%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2180	+0.090%	$16.2M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.265%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2052	−0.486%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	−0.090%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2148	−0.054%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2170	+0.045%	$560K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2170	+0.045%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2120	−0.181%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0164%	1h	2.2185	+0.113%	$14.4M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2133	−0.120%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2170	+0.045%	$4.2M	$632K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0462%	1h	2.2197	+0.167%	$282K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.670%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2174	+0.065%	$1.3M	$2.5M	50x	as long as short