TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.115%

Price spread now: Lighter against Coinbase International+0.431%7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs+$14as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.431%, 7d avg −0.088%

Together, before fees−0.571%+ Points / potential airdropLighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.519% dearer against Coinbase International than usual: you sell high and buy low (spread +0.431% now, against its 7-day average of −0.088%): +$52 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6.8 days. At the pace of the last 7 days (−0.180% in total) that is about 20 days.

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	20m 00s	$167K	$479K	50x
Short	Lighter TRUMP	2.1422	−0.0200	pay 0.0025% / 1h	20m 00s	$937K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.431%Rate

Funding earned: −$53.76
Price spread: +0.431% → −0.088%: $51.9
Slippage, 4 orders: −$27.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.38
Costs to cover: 0.375%
Break-even: from the start

Slippage from Coinbase International: live order book, 18 min ago; Lighter: live order book, 10 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, 18 min ago	7.01 bp	12.0 bp −$12	24.4 bp −$244	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	1.64 bp	6.6 bp −$7	35.2 bp −$352	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	2.1280	−0.234%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0329%	1h	2.1418	+0.413%	$75	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1412	+0.382%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0211%	4h	2.1371	+0.193%	$660K	$423K	—	as long as short
Lighter TRUMPshort	−0.0200%	1h	2.1422	+0.431%	$937K	$1.0M	10x
OKX TRUMP-USDT-SWAP	−0.0194%	4h	2.1430	+0.469%	$26.7M	$183.9M	50x	as long as short
Extended TRUMP-USD	−0.0184%	1h	2.1429	+0.466%	$74K	$496K	25x	as long as short
Binance TRUMPUSDT	−0.0183%	4h	2.1430	+0.469%	$60.6M	$250.4M	75x	as long as short
Bybit TRUMPUSDT	−0.0146%	4h	2.1430	+0.469%	$30.5M	$52.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0123%	1h	2.1434	+0.488%	$404K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0105%	8h	2.1409	+0.372%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1430	+0.469%	$7.6M	$53.3M	75x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1352	+0.103%	$104K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0065%	4h	2.1410	+0.375%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1416	+0.402%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1444	+0.536%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0024%	4h	2.1430	+0.469%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1407	+0.360%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0056%	1h	2.1330	long leg	$167K	$479K	50x
BloFin TRUMP-USDT	+0.0059%	4h	2.1390	+0.281%	$4.1M	$685K	75x	as long as short
Bitget TRUMPUSDT	+0.0084%	4h	2.1440	+0.516%	$15.2M	$27.1M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1447	+0.549%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1434	+0.488%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1417	+0.408%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1410	+0.375%	$398K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1350	+0.092%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1440	+0.516%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.516%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1445	+0.539%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0269%	1h	2.1467	+0.642%	$382K	$419K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1450	+0.562%	$1.3M	$2.3M	50x	as long as short