TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0327%/8h= −35.8% APRnext payment −$1.63 per $10,000 · paid last 24h −0.005%

Price spread now: Binance against MEXC+0.093%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.093%, 7d avg +0.051%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.042% dearer against MEXC than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.051%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 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	MEXC TRUMP_USDC	2.1410	0.0100	pay 0.0050% / 4h	2h 44m	$398K	$148K	125x
Short	Binance TRUMPUSDT	2.1430	−0.0227	pay 0.0113% / 4h	2h 44m	$60.4M	$247.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: −$68.67
Price spread: +0.093% → +0.051%: $4.21
Slippage, 4 orders: −$19.83
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.29
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from MEXC: live order book, 60 min ago; Binance: live order book, 14 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 MEXC live order book, 60 min ago	2.29 bp	9.7 bp −$10	32.4 bp −$324	140.6 bp −$14.1K	doesn't fit
Sell Binance live order book, 14 min ago	2.33 bp	7.3 bp −$7	12.1 bp −$121	40.6 bp −$4,057	192.6 bp −$96.3K

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	−0.1827%	1h	2.1350	−0.280%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0557%	1h	2.1430	+0.093%	$84	$6K	5x	as long as short
Lighter TRUMP	−0.0488%	1h	2.1426	+0.075%	$948K	$994K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0449%	1h	2.1440	+0.140%	$404K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0288%	4h	2.1430	+0.093%	$30.5M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1451	+0.194%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0242%	8h	2.1453	+0.201%	$5K	$175	5x	as long as short
Binance TRUMPUSDTshort	−0.0227%	4h	2.1430	+0.093%	$60.4M	$247.0M	75x
Extended TRUMP-USD	−0.0224%	1h	2.1419	+0.044%	$74K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0158%	4h	2.1440	+0.140%	$7.7M	$52.3M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0128%	4h	2.1441	+0.146%	$662K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0107%	4h	2.1475	+0.302%	$105K	$265K	20x	as long as short
GRVT TRUMP_USDT_Perp	−0.0040%	4h	2.1468	+0.269%	$179K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0028%	4h	2.1450	+0.187%	$5K	$215K	10x	as long as short
dYdX TRUMP-USD	−0.0024%	1h	2.1468	+0.271%	$27K	$506	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0022%	4h	2.1430	+0.093%	$27.3M	$178.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1465	+0.256%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0013%	4h	2.1430	+0.093%	$4.2M	$644K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1425	+0.070%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1449	+0.182%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1448	+0.178%	$403K	$802K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1468	+0.270%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1410	long leg	$398K	$148K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	+0.140%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1440	+0.140%	$15.4M	$26.4M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.420%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.327%	$488K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1460	+0.235%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1468	+0.271%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0277%	1h	2.1468	+0.271%	$380K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1480	+0.327%	$275K	$304K	50x	as long as short