TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0320%/8h= +35.0% APRnext payment +$1.60 per $10,000 · paid last 24h +0.023%

Price spread now: Bitget against Variational Omni−0.287%7-day average +0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.065%+$7 on $10k

Price spread, last 7 days+0.307%+$31 · spread now −0.287%, 7d avg +0.011%

Together, before fees+0.372%+ Points / potential airdropVariational Omni: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.298% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.287% now, against its 7-day average of +0.011%). If the spread goes back, that is −$30 on $10k: about 3.1 days of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.065% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.065% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.60 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	Variational Omni TRUMP	2.1451	−0.0300	get 0.0150% / 4h	3h 32m	$662K	$415K	—
Short	Bitget TRUMPUSDT	2.1390	0.0020	get 0.0010% / 4h	3h 32m	$15.2M	$26.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.287%Rate

Funding earned: $67.14
Price spread: −0.287% → +0.011%: −$29.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $25.37
Costs to cover: 0.120%
Break-even: 4.4 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bitget: live order book, 1 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 Variational Omni RFQ quote, 1 min ago	5.06 bp	doesn't fit	12.6 bp −$126	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.34 bp	12.9 bp −$13	16.4 bp −$164	44.1 bp −$4,408	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	−0.1829%	1h	2.1350	−0.473%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0534%	1h	2.1385	−0.310%	$69	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0522%	4h	2.1370	−0.380%	$30.6M	$51.8M	50x	as long as short
Gate TRUMP_USDT	−0.0328%	4h	2.1380	−0.333%	$7.7M	$49.7M	75x	as long as short
Variational Omni TRUMPlong	−0.0300%	4h	2.1451	long leg	$662K	$415K	—
Extended TRUMP-USD	−0.0256%	1h	2.1369	−0.382%	$74K	$494K	25x	as long as short
Binance TRUMPUSDT	−0.0252%	4h	2.1390	−0.287%	$61.3M	$248.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0250%	4h	2.1370	−0.380%	$26.8M	$181.8M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1429	−0.104%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1389	−0.291%	$387K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0216%	1h	2.1390	−0.287%	$935K	$990K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0159%	8h	2.1392	−0.276%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1360	−0.426%	$148K	$493K	50x	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1455	+0.018%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0100%	4h	2.1370	−0.380%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1400	−0.240%	$4.1M	$10.7M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0042%	4h	2.1454	+0.011%	$181K	$4.3M	10x	as long as short
dYdX TRUMP-USD	−0.0021%	1h	2.1407	−0.209%	$26K	$2K	5x	as long as short
BloFin TRUMP-USDT	−0.0012%	4h	2.1380	−0.333%	$4.2M	$684K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1405	−0.218%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1434	−0.080%	$19K	—	3x	as long as short
Bitget TRUMPUSDTshort	+0.0020%	4h	2.1390	−0.287%	$15.2M	$26.5M	75x
MEXC TRUMP_USDC	+0.0094%	4h	2.1380	−0.333%	$397K	$149K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1418	−0.156%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1402	−0.229%	$407K	$716K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1415	−0.171%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	−0.100%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1420	−0.147%	$495K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1424	−0.129%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1385	−0.310%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0284%	1h	2.1425	−0.123%	$382K	$422K	10x	as long as short