TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0295%/8h= +32.3% APRnext payment +$1.48 per $10,000 · paid last 24h −0.003%

Price spread now: MEXC against OKX+0.047%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.047%, 7d avg −0.034%

Together, before fees−0.345%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.080% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.173% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.48 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	OKX TRUMP-USDT-SWAP	2.1470	−0.0195	get 0.0098% / 4h	6m 09s	$26.8M	$183.7M	50x
Short	MEXC TRUMP_USDC	2.1480	0.0100	get 0.0050% / 4h	6m 09s	$399K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: $61.98
Price spread: +0.047% → −0.034%: $8.02
Slippage, 4 orders: −$17.76
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $42.24
Costs to cover: 0.278%
Break-even: 2.2 days

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 23 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	2.32 bp	7.3 bp −$7	10.6 bp −$106	29.0 bp −$2,904	doesn't fit
Sell MEXC live order book, 23 min ago	2.34 bp	6.6 bp −$7	23.1 bp −$231	135.9 bp −$13.6K	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	2.1410	−0.279%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0374%	1h	2.1485	+0.070%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1477	+0.033%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0243%	4h	2.1482	+0.057%	$663K	$423K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1501	+0.144%	$405K	$65K	10x	as long as short
Bybit TRUMPUSDT	−0.0202%	4h	2.1480	+0.047%	$30.5M	$52.2M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0195%	4h	2.1470	long leg	$26.8M	$183.7M	50x
Binance TRUMPUSDT	−0.0194%	4h	2.1483	+0.059%	$60.7M	$249.9M	75x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1480	+0.046%	$74K	$496K	25x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1484	+0.065%	$939K	$1.0M	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	−0.0111%	8h	2.1513	+0.198%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1500	+0.140%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1479	+0.044%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0074%	4h	2.1500	+0.140%	$5K	$282K	10x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1531	+0.284%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1512	+0.196%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0016%	4h	2.1500	+0.140%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1473	+0.014%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0051%	4h	2.1510	+0.186%	$4.1M	$689K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.652%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0074%	4h	2.1510	+0.186%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1505	+0.163%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1513	+0.202%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1531	+0.284%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1480	+0.047%	$399K	$149K	125x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1497	+0.124%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.186%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	+0.140%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1501	+0.144%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.1517	+0.219%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1512	+0.194%	$1.3M	$2.3M	50x	as long as short