TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.091%

Price spread now: Extended against Coinbase International−0.418%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.407%+$41 · spread now −0.418%, 7d avg −0.132%

Together, before fees+0.129%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Extended is 0.286% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.132%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.277% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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	Coinbase International TRUMP-PERP-INTX	2.1890	0.0400	pay 0.0050% / 1h	29m 49s	$283K	$279K	50x
Short	Extended TRUMP-USD	2.1799	−0.0072	pay 0.0009% / 1h	29m 49s	$75K	$716K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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 Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.418%Rate

Funding earned: −$99.12
Price spread: −0.418% → −0.132%: −$28.57
Slippage, 4 orders: −$50.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$193.12
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 23 min ago; Extended: live order book, 23 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 Coinbase International live order book, 23 min ago	13.74 bp	23.2 bp −$23	31.7 bp −$317	doesn't fit	doesn't fit
Sell Extended live order book, 23 min ago	6.89 bp	9.9 bp −$10	32.2 bp −$322	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	−0.1765%	1h	2.1740	−0.685%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1841	−0.224%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0234%	1h	2.1845	−0.206%	$87	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0074%	4h	2.1801	−0.407%	$61.7M	$245.1M	75x	as long as short
Extended TRUMP-USDshort	−0.0072%	1h	2.1799	−0.418%	$75K	$716K	25x
edgeX TRUMPUSDC	−0.0032%	4h	2.1793	−0.444%	$106K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0016%	4h	2.1810	−0.365%	$7.8M	$51.5M	75x	as long as short
Variational Omni TRUMP	−0.0013%	4h	2.1871	−0.086%	$675K	$516K	—	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1856	−0.156%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1865	−0.114%	$411K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1854	−0.166%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0023%	8h	2.1793	−0.441%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0026%	4h	2.1840	−0.228%	$3K	$187K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1857	−0.152%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1832	−0.265%	$964K	$975K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1849	−0.187%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1820	−0.320%	$411K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1845	−0.206%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	−0.365%	$31.0M	$50.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1810	−0.365%	$27.9M	$179.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.320%	$409K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	−0.274%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	−0.228%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1820	−0.320%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	−0.137%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	−0.091%	$498K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0169%	4h	2.1870	−0.091%	$4.2M	$684K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1868	−0.100%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1857	−0.151%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0307%	1h	2.1861	−0.132%	$343K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0400%	1h	2.1890	long leg	$283K	$279K	50x