TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0542%/8h= +59.4% APRnext payment +$0.68 per $10,000 · paid last 24h −0.086%

Price spread now: Kraken Futures against Coinbase International+0.753%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs+$20as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.681%−$68 · spread now +0.753%, 7d avg −0.008%

Together, before fees−0.987%−$99 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.761% dearer against Coinbase International than usual: you sell high and buy low: +$76 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.306%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.306% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 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	2.1330	0.0056	pay 0.0007% / 1h	17m 01s	$167K	$479K	50x
Short	Kraken Futures PF_TRUMPUSD	2.1491	0.0598	get 0.0075% / 1h	17m 01s	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.753%Rate

Funding earned: $113.84
Price spread: +0.753% → −0.008%: $76.12
Slippage, 4 orders: −$35.65
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $134.31
Costs to cover: 0.557%
Break-even: from the start

Slippage from Coinbase International: live order book, 21 min ago; Kraken Futures: live order book, 2 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, 21 min ago	7.01 bp	12.0 bp −$12	24.4 bp −$244	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	4.66 bp	14.1 bp −$14	31.1 bp −$311	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	−0.1797%	1h	2.1290	−0.188%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0331%	1h	2.1457	+0.595%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	+0.523%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1465	+0.633%	$404K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	+0.193%	$660K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1456	+0.591%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0186%	4h	2.1460	+0.609%	$26.7M	$184.2M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1439	+0.513%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0183%	4h	2.1470	+0.656%	$60.7M	$250.8M	75x	as long as short
Bybit TRUMPUSDT	−0.0168%	4h	2.1470	+0.656%	$30.5M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0106%	4h	2.1480	+0.703%	$7.7M	$53.4M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0100%	8h	2.1450	+0.564%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1431	+0.475%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0067%	4h	2.1450	+0.563%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1456	+0.590%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.679%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1480	+0.703%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1445	+0.539%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0056%	1h	2.1330	long leg	$167K	$479K	50x
BloFin TRUMP-USDT	+0.0057%	4h	2.1470	+0.656%	$4.1M	$688K	75x	as long as short
Bitget TRUMPUSDT	+0.0084%	4h	2.1470	+0.656%	$15.3M	$27.1M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1487	+0.736%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1478	+0.693%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1465	+0.633%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	+0.656%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1450	+0.563%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.656%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.656%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	+0.657%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0282%	1h	2.1503	+0.811%	$383K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0598%	1h	2.1491	+0.753%	$1.3M	$2.3M	50x