TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.016%

Price spread now: Bybit against edgeX−1.213%51s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$540.545% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)+1.144%+$114 · spread now −1.213%, 7d avg +0.005%

Together, before fees+1.208%+ Points / potential airdropedgeX: Active · farm board+$121 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 1.218% cheaper against edgeX than usual: you would sell low and buy high (spread −1.213% now, against its 7-day average of +0.005%). If the spread goes back, that is −$122 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 51 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	edgeX TRUMPUSDC	2.2432	0.0050	pay 0.0025% / 4h	3h 02m	$109K	$263K	20x
Short	Bybit TRUMPUSDT	2.2160	0.0100	get 0.0050% / 4h	3h 02m	$31.4M	$46.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −1.213%Rate

Funding earned: $10.5
Price spread: −1.213% → +0.005%: −$121.76
Slippage, 4 orders: −$34.47
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$165.73
Costs to cover: 0.545%
Break-even: 117.5 days

Slippage from edgeX: live order book, 5 min ago; Bybit: live order book, 1 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 edgeX live order book, 5 min ago	8.92 bp	15.9 bp −$16	36.7 bp −$367	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.26 bp	13.3 bp −$13	24.1 bp −$241	137.8 bp −$13.8K	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	−0.1608%	1h	2.2180	−1.123%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2171	−1.162%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2216	−0.963%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2212	−0.981%	$417K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2200	−1.034%	$42K	—	150x	as long as short
edgeX TRUMPUSDClong	+0.0050%	4h	2.2432	long leg	$109K	$263K	20x
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.2167	−1.183%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2200	−1.034%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2235	−0.878%	$986K	$783K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2239	−0.860%	$464K	$837K	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	2.2231	−0.896%	$193K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2206	−1.006%	$64.3M	$229.5M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.2160	−1.213%	$31.4M	$46.3M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2160	−1.213%	$28.9M	$163.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2170	−1.168%	$7.9M	$49.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2180	−1.123%	$478K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2260	−0.767%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2150	−1.257%	$16.0M	$22.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	−0.495%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	−0.263%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2220	−0.945%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2200	−1.034%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2280	−0.678%	$578K	$1.9M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2270	−0.722%	$14.5M	$6.6M	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2130	−1.346%	$79K	$600K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2238	−0.863%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2196	−1.051%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2210	−0.990%	$4.3M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0448%	1h	2.2234	−0.883%	$260K	$302K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2210	−0.990%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0776%	1h	2.2217	−0.957%	$1.3M	$2.6M	50x	as long as short