TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0146%/8h= −16.0% APRnext payment −$0.73 per $10,000 · paid last 24h +0.011%

Price spread now: OKX against edgeX+0.010%61s7-day average −0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$500.502% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.010%, 7d avg −0.014%

Together, before fees−0.035%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.024% dearer against edgeX than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.014%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you. The two prices were read 61 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	2.1448	−0.0186	get 0.0093% / 4h	58m 33s	$105K	$254K	20x
Short	OKX TRUMP-USDT-SWAP	2.1450	−0.0332	pay 0.0166% / 4h	58m 33s	$27.1M	$172.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$30.7
Price spread: +0.010% → −0.014%: $2.37
Slippage, 4 orders: −$31.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.52
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 min ago; OKX: live order book, 4 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, 47 min ago	9.33 bp	16.5 bp −$16	42.4 bp −$424	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.33 bp	7.3 bp −$7	8.5 bp −$85	27.7 bp −$2,767	652.8 bp −$326.4K

TRUMP on 32 exchanges

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
Binance TRUMPUSDT	−0.0376%	4h	2.1459	+0.050%	$62.8M	$236.5M	75x	as long as short
Extended TRUMP-USD	−0.0376%	1h	2.1457	+0.045%	$74K	$483K	25x	as long as short
Variational Omni TRUMP	−0.0366%	4h	2.1449	+0.007%	$668K	$400K	—	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0332%	4h	2.1450	+0.010%	$27.1M	$172.8M	50x
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1440	−0.037%	$129K	$522K	50x	as long as short
Bybit TRUMPUSDT	−0.0296%	4h	2.1460	+0.056%	$31.2M	$48.2M	50x	as long as short
MEXC TRUMP_USDC	−0.0260%	4h	2.1450	+0.010%	$388K	$141K	125x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1429	−0.087%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0206%	4h	2.1470	+0.103%	$7.7M	$46.2M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0196%	4h	2.1450	+0.010%	$4.3M	$10.1M	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDClong	−0.0186%	4h	2.1448	long leg	$105K	$254K	20x
Paradex TRUMP-USD-PERP	−0.0164%	8h	2.1466	+0.085%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0135%	4h	2.1470	+0.103%	$4.3M	$659K	75x	as long as short
Lighter TRUMP	−0.0120%	1h	2.1464	+0.075%	$919K	$927K	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0094%	4h	2.1470	+0.103%	$5K	$292K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0076%	1h	2.1491	+0.201%	$386K	$79K	10x	as long as short
Bitget TRUMPUSDT	−0.0032%	4h	2.1460	+0.056%	$15.5M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1465	+0.080%	$19K	—	3x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1494	+0.216%	$25K	$3K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1462	+0.068%	$40K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1480	+0.151%	$180K	$4.0M	10x	as long as short
SoDEX TRUMP-USD	+0.0015%	1h	2.1485	+0.173%	$80	$6K	5x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.709%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1471	+0.109%	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1470	+0.103%	$405K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1473	+0.116%	$185K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.290%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.290%	$488K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1500	+0.243%	$261K	$578K	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0215% / S −0.0217%	1h	2.1499	+0.239%	$11K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0325%	1h	2.1518	+0.326%	$1.4M	$2.1M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0490%	1h	2.1520	+0.336%	$384K	$391K	10x	as long as short