TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.046%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.046%, 7d avg +0.005%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1540	−0.0190	get 0.0095% / 4h	10m 34s	$26.8M	$184.9M	50x
Short	Bybit TRUMPUSDT	2.1550	−0.0186	pay 0.0093% / 4h	10m 34s	$30.6M	$52.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.85
Price spread: +0.046% → +0.005%: $4.09
Slippage, 4 orders: −$13.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.01
Costs to cover: 0.349%
Break-even: 254.8 days

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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 OKX live order book, 3 min ago	2.33 bp	7.3 bp −$7	9.0 bp −$90	36.6 bp −$3,659	doesn't fit
Sell Bybit live order book, 3 min ago	2.33 bp	12.5 bp −$12	17.7 bp −$177	92.7 bp −$9,265	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	−0.1797%	1h	2.1380	−0.743%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0353%	1h	2.1485	−0.255%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1552	+0.057%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0243%	4h	2.1482	−0.268%	$663K	$423K	—	as long as short
Lighter TRUMP	−0.0192%	1h	2.1501	−0.181%	$940K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0190%	4h	2.1540	long leg	$26.8M	$184.9M	50x
Binance TRUMPUSDT	−0.0189%	4h	2.1530	−0.046%	$60.9M	$250.3M	75x	as long as short
Bybit TRUMPUSDTshort	−0.0186%	4h	2.1550	+0.046%	$30.6M	$52.4M	50x
Extended TRUMP-USD	−0.0184%	1h	2.1525	−0.070%	$74K	$496K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1495	−0.209%	$405K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0104%	8h	2.1502	−0.177%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1530	−0.046%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0092%	4h	2.1442	−0.457%	$105K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0070%	4h	2.1480	−0.279%	$5K	$278K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1526	−0.065%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1501	−0.182%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0024%	4h	2.1490	−0.232%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1473	−0.311%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0053%	4h	2.1500	−0.186%	$4.1M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.975%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0080%	4h	2.1560	+0.093%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1509	−0.144%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1535	−0.021%	$404K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1517	−0.107%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.186%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1500	−0.186%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	−0.139%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	−0.186%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1510	−0.137%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0291%	1h	2.1530	−0.046%	$384K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1517	−0.106%	$1.3M	$2.3M	50x	as long as short