TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0410%/8h= +44.9% APRnext payment +$2.05 per $10,000 · paid last 24h +0.069%

Price spread now: BloFin against Gate−0.046%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.046%, 7d avg +0.004%

Together, before fees+0.315%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.050% cheaper against Gate than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.004%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.269% in total) that is about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.05 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	Gate TRUMP_USDT	2.1710	−0.0070	get 0.0035% / 4h	1h 26m	$7.6M	$50.0M	75x
Short	BloFin TRUMP-USDT	2.1700	0.0340	get 0.0170% / 4h	1h 26m	$4.2M	$655K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $86.1
Price spread: −0.046% → +0.004%: −$4.96
Slippage, 4 orders: −$23.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $30.88
Costs to cover: 0.503%
Break-even: 4.5 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 2 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 Gate live order book, 2 min ago	2.30 bp	13.7 bp −$14	29.6 bp −$296	73.4 bp −$7,344	doesn't fit
Sell BloFin live order book, 2 min ago	4.60 bp	10.6 bp −$11	14.4 bp −$144	37.8 bp −$3,781	98.3 bp −$49.1K

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	−0.1659%	1h	2.1620	−0.415%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1696	−0.065%	$5	—	10x	as long as short
Gate TRUMP_USDTlong	−0.0070%	4h	2.1710	long leg	$7.6M	$50.0M	75x
Lighter TRUMP	−0.0040%	1h	2.1724	+0.064%	$967K	$795K	10x	as long as short
SoDEX TRUMP-USD	−0.0002%	1h	2.1695	−0.069%	$83	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1736	+0.118%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1705	−0.023%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.020%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1726	+0.075%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1730	+0.092%	$31.0M	$48.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1802	+0.423%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0074%	4h	2.1700	−0.046%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1752	+0.193%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1736	+0.118%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1740	+0.139%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1743	+0.153%	$62.9M	$237.2M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1740	+0.138%	$27.4M	$170.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1720	+0.046%	$416K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1730	+0.092%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.184%	$15.5M	$25.1M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1732	+0.101%	$254K	$319K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.555%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.185%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1730	+0.092%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1740	+0.138%	$532K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1714	+0.019%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1685	−0.115%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1708	−0.011%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1728	+0.081%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1700	−0.046%	$4.2M	$655K	75x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1650	−0.276%	$280K	$297K	50x	as long as short