TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.080%

Price spread now: Variational Omni against Coinbase International+0.105%58s7-day average −0.051% · you sell dearer than you buy

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.211%−$21 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.105%, 7d avg −0.051%

Together, before fees−0.274%+ Points / potential airdropVariational Omni: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.156% dearer against Coinbase International than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.051%): +$16 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 33 hours. The two prices were read 58 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	Coinbase International TRUMP-PERP-INTX	2.1860	0.0472	pay 0.0059% / 1h	45m 25s	$281K	$399K	50x
Short	Variational Omni TRUMP	2.1883	0.0100	get 0.0050% / 4h	1h 45m	$682K	$261K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now +0.105%Rate

Funding earned: −$78.12
Price spread: +0.105% → −0.051%: $15.57
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$72.55
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 38 min ago; Variational Omni: RFQ quote, 39 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 Coinbase International live order book, 38 min ago	11.41 bp	25.4 bp −$25	31.4 bp −$314	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 39 min ago	5.01 bp	doesn't fit	21.9 bp −$219	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	−0.1472%	1h	2.1810	−0.229%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1923	+0.289%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1908	+0.219%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1933	+0.334%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1916	+0.258%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1901	+0.188%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1930	+0.320%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0088%	8h	2.1917	+0.259%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1907	+0.215%	$975K	$671K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1944	+0.384%	$14.1M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1929	+0.315%	$457K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1928	+0.313%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1918	+0.265%	$62.4M	$217.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1930	+0.320%	$30.7M	$42.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1930	+0.320%	$26.8M	$149.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	+0.229%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	+0.229%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	+0.274%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1950	+0.412%	$15.6M	$20.6M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1883	+0.105%	$682K	$261K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1884	+0.108%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.412%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.160%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.274%	$517K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1921	+0.279%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1937	+0.354%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1916	+0.257%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0253%	1h	2.1928	+0.311%	$260K	$267K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	+0.046%	$4.2M	$520K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0472%	1h	2.1860	long leg	$281K	$399K	50x
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1925	+0.295%	$1.3M	$2.4M	50x	as long as short