TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h +0.022%

Price spread now: Extended against Deribit−0.086%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.086%, 7d avg −0.073%

Together, before fees+0.246%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1768	−0.0255	get 0.0032% / 1h	2m 08s	$394K	$68K	10x
Short	Extended TRUMP-USD	2.1749	−0.0232	pay 0.0029% / 1h	2m 08s	$77K	$492K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now −0.086%Rate

Funding earned: $4.84
Price spread: −0.086% → −0.073%: −$1.32
Slippage, 4 orders: −$34.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.02
Costs to cover: 0.465%
Break-even: 69.2 days

Slippage from Deribit: live order book, 32 min ago; Extended: live order book, 30 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 Deribit live order book, 32 min ago	6.32 bp	16.6 bp −$17	26.2 bp −$262	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	7.01 bp	10.1 bp −$10	33.1 bp −$331	doesn't fit	doesn't fit

TRUMP on 32 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	−0.1829%	1h	2.1600	−0.772%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0376%	4h	2.1770	+0.009%	$31.4M	$50.6M	50x	as long as short
Variational Omni TRUMP	−0.0341%	4h	2.1771	+0.016%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0331%	1h	2.1750	−0.083%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0255%	1h	2.1768	long leg	$394K	$68K	10x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	−0.123%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1760	−0.037%	$27.6M	$181.6M	50x	as long as short
Binance TRUMPUSDT	−0.0233%	4h	2.1760	−0.037%	$63.6M	$244.6M	75x	as long as short
Extended TRUMP-USDshort	−0.0232%	1h	2.1749	−0.086%	$77K	$492K	25x
Lighter TRUMP	−0.0224%	1h	2.1751	−0.078%	$947K	$998K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0136%	8h	2.1769	+0.004%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	−0.221%	$142K	$514K	50x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1745	−0.105%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1760	−0.037%	$5K	$315K	10x	as long as short
Gate TRUMP_USDT	−0.0062%	4h	2.1760	−0.037%	$7.8M	$50.9M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1750	−0.083%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1786	+0.084%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	+0.0004%	4h	2.1760	−0.037%	$15.4M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	+0.0007%	4h	2.1750	−0.083%	$4.3M	$695K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1778	+0.044%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1745	−0.106%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0058%	4h	2.1740	−0.129%	$404K	$151K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1788	+0.092%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1780	+0.055%	$414K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1789	+0.095%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1752	−0.073%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.101%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.055%	$503K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1750	−0.083%	$2K	$21K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0119%	1h	2.1781	+0.059%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1770	+0.009%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0382%	1h	2.1796	+0.129%	$388K	$410K	10x	as long as short