TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0526%/8h= −57.6% APRnext payment −$0.66 per $10,000 · paid last 24h −0.053%

Price spread now: Extended against Backpack−0.146%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.146%, 7d avg −0.139%

Together, before fees−0.301%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.139%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRUMP_USDC_PERP	2.2148	0.0630	pay 0.0079% / 1h	52m 41s	$262K	$275K	10x
Short	Extended TRUMP-USD	2.2116	0.0104	get 0.0013% / 1h	52m 41s	$76K	$471K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$110.48
Price spread: −0.146% → −0.139%: −$0.69
Slippage, 4 orders: −$18.69
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$144.85
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Backpack: live order book, 26 min ago; Extended: live order book, 25 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 Backpack live order book, 26 min ago	0.23 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	6.87 bp	9.8 bp −$10	29.9 bp −$299	doesn't fit	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	−0.1537%	1h	2.2010	−0.623%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2132	−0.072%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2116	−0.143%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2118	−0.135%	$415K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2116	−0.144%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2074	−0.335%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2120	−0.126%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0095%	8h	2.2095	−0.241%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2084	−0.289%	$992K	$726K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2123	−0.114%	$460K	$834K	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	2.2103	−0.204%	$190K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2092	−0.251%	$63.3M	$221.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2090	−0.262%	$30.9M	$43.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2100	−0.217%	$27.2M	$152.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2120	−0.126%	$7.5M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2090	−0.262%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	−0.126%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2120	−0.126%	$15.8M	$21.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2022	−0.569%	$690K	$279K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2130	−0.079%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2150	+0.009%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2116	−0.144%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2170	+0.099%	$527K	$1.8M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.2116	−0.146%	$76K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2105	−0.194%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2115	−0.149%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0315%	1h	2.2142	−0.027%	$14.3M	$7.4M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2130	−0.081%	$4.2M	$633K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2010	−0.623%	$284K	$401K	50x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0630%	1h	2.2148	long leg	$262K	$275K	10x
Kraken Futures PF_TRUMPUSD	+0.0863%	1h	2.2142	−0.027%	$1.3M	$2.5M	50x	as long as short