TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: Bybit against Orderly−0.135%7-day average +0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.135%, 7d avg +0.005%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.140% cheaper against Orderly than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.005%). If the spread goes back, that is −$14 on $10k: about 42 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.2150	0.0089	pay 0.0044% / 4h	43m 39s	$3K	$249K	10x
Short	Bybit TRUMPUSDT	2.2120	0.0100	get 0.0050% / 4h	43m 39s	$31.2M	$44.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee BybitbpOrdersPrice spread, now −0.135%Rate

Funding earned: $2.33
Price spread: −0.135% → +0.005%: −$14.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.68
Costs to cover: 0.170%
Break-even: 93.1 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.26 bp	7.8 bp −$8	15.9 bp −$159	107.0 bp −$10.7K	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1537%	1h	2.2030	−0.542%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2152	+0.010%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2147	−0.014%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2154	+0.018%	$415K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2150	0.000%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2151	+0.007%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0089%	4h	2.2150	long leg	$3K	$249K	10x
Lighter TRUMP	+0.0096%	1h	2.2120	−0.135%	$992K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2106	−0.200%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2148	−0.008%	$461K	$835K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2124	−0.117%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2120	−0.135%	$63.9M	$223.3M	75x	as long as short
Bybit TRUMPUSDTshort	+0.0100%	4h	2.2120	−0.135%	$31.2M	$44.1M	50x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2120	−0.135%	$27.4M	$153.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2130	−0.090%	$7.5M	$48.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2110	−0.181%	$484K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2140	−0.045%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2110	−0.181%	$15.7M	$21.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2142	−0.035%	$650K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.181%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	+0.090%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2150	0.000%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2160	+0.045%	$567K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2106	−0.199%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2143	−0.032%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2150	+0.002%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2150	0.000%	$4.2M	$639K	75x	as long as short
Hyperliquid TRUMP	+0.0349%	1h	2.2147	−0.014%	$14.3M	$7.5M	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.406%	$287K	$399K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0565%	1h	2.2168	+0.081%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0862%	1h	2.2179	+0.131%	$1.3M	$2.5M	50x	as long as short