TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.03 per $10,000 · paid last 24h −0.056%

Price spread now: Pacifica against Backpack+0.032%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.032%, 7d avg −0.072%

Together, before fees−0.158%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.104% dearer against Backpack than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.072%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.175% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRUMP_USDC_PERP	2.1775	0.0122	pay 0.0015% / 1h	37m 22s	$260K	$262K	10x
Short	Pacifica TRUMP	2.1782	0.0100	get 0.0013% / 1h	37m 22s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.032%Rate

Funding earned: −$4.69
Price spread: +0.032% → −0.072%: $10.39
Slippage, 4 orders: −$27.46
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$39.77
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Backpack: live order book, 51 min ago; Pacifica: live order book, 50 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, 51 min ago	0.23 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 50 min ago	8.48 bp	17.3 bp −$17	doesn't fit	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	−0.1787%	1h	2.1600	−0.804%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1784	+0.043%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1808	+0.150%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1779	+0.020%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1794	+0.087%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1788	+0.059%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1771	−0.018%	$970K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1731	−0.204%	$118K	$243K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.1787	+0.054%	$5K	—	5x	as long as short
Gate TRUMP_USDT	+0.0086%	4h	2.1780	+0.023%	$7.4M	$46.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0086%	4h	2.1780	+0.023%	$478K	$134K	125x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1780	+0.023%	$3K	$249K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1789	+0.063%	$457K	$834K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1782	+0.032%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1790	+0.069%	$62.0M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1790	+0.069%	$30.3M	$42.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	+0.069%	$26.6M	$147.3M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	+0.023%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	+0.115%	$15.4M	$20.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1725	−0.229%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1730	−0.206%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.161%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1789	+0.064%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	+0.161%	$511K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1783	+0.035%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1781	+0.029%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0122%	1h	2.1775	long leg	$260K	$262K	10x
Hyperliquid TRUMP	+0.0149%	1h	2.1812	+0.170%	$14.1M	$7.4M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1791	+0.075%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1820	+0.207%	$281K	$397K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	−0.344%	$4.1M	$492K	75x	as long as short