TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.58 per $10,000 · paid last 24h +0.004%

Price spread now: OKX against Orderly−0.046%50s7-day average −0.003% · you buy dearer than you sell

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.046%, 7d avg −0.003%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.044% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TRUMP_USDC	2.1520	−0.0072	get 0.0036% / 4h	7m 29s	$5K	$278K	10x
Short	OKX TRUMP-USDT-SWAP	2.1510	−0.0189	pay 0.0094% / 4h	7m 29s	$26.8M	$184.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Orderly. 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 OrderlybpFee OKXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$24.55
Price spread: −0.046% → −0.003%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.32 bp	7.3 bp −$7	10.6 bp −$106	31.5 bp −$3,151	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	−0.1797%	1h	2.1380	−0.651%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0357%	1h	2.1515	−0.023%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1502	−0.082%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0243%	4h	2.1482	−0.175%	$663K	$423K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0214%	1h	2.1534	+0.065%	$406K	$81K	10x	as long as short
Bybit TRUMPUSDT	−0.0200%	4h	2.1510	−0.046%	$30.5M	$52.2M	50x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1500	−0.093%	$74K	$496K	25x	as long as short
OKX TRUMP-USDT-SWAPshort	−0.0189%	4h	2.1510	−0.046%	$26.8M	$184.2M	50x
Binance TRUMPUSDT	−0.0189%	4h	2.1510	−0.046%	$60.8M	$249.9M	75x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1483	−0.172%	$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	2.1486	−0.159%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1520	0.000%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1479	−0.188%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDClong	−0.0072%	4h	2.1520	long leg	$5K	$278K	10x
dYdX TRUMP-USD	−0.0004%	1h	2.1531	+0.051%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1546	+0.120%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0016%	4h	2.1510	−0.046%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1510	−0.046%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0052%	4h	2.1550	+0.139%	$4.2M	$690K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.883%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0076%	4h	2.1520	0.000%	$15.3M	$26.9M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1531	+0.051%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1531	+0.050%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1509	−0.051%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.093%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1497	−0.108%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+0.139%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1540	+0.093%	$495K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1540	+0.093%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0303%	1h	2.1550	+0.139%	$384K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1545	+0.117%	$1.3M	$2.3M	50x	as long as short