TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.24 per $10,000 · paid last 24h +0.012%

Price spread now: Lighter against Deribit−0.046%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.046%, 7d avg −0.034%

Together, before fees+0.384%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$6 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	2.1735	−0.0118	get 0.0015% / 1h	4m 55s	$408K	$79K	10x
Short	Lighter TRUMP	2.1725	0.0072	get 0.0009% / 1h	4m 55s	$966K	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.046%Rate

Funding earned: $39.89
Price spread: −0.046% → −0.034%: −$1.21
Slippage, 4 orders: −$30.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.23
Costs to cover: 0.374%
Break-even: 6.8 days

Slippage from Deribit: live order book, 19 min ago; Lighter: live order book, 16 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, 19 min ago	5.71 bp	10.1 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell Lighter live order book, 16 min ago	1.14 bp	6.0 bp −$6	26.6 bp −$266	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	2.1730	−0.023%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1744	+0.042%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1765	+0.138%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0118%	1h	2.1735	long leg	$408K	$79K	10x
dYdX TRUMP-USD	−0.0004%	1h	2.1768	+0.151%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1748	+0.058%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1842	+0.494%	$119K	$247K	20x	as long as short
Lighter TRUMPshort	+0.0072%	1h	2.1725	−0.046%	$966K	$664K	10x
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.1754	+0.087%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1730	−0.023%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1753	+0.083%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1743	+0.039%	$455K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1761	+0.118%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1730	−0.023%	$61.8M	$215.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	−0.023%	$30.3M	$42.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1730	−0.023%	$26.6M	$147.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1730	−0.023%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1710	−0.115%	$477K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1740	+0.023%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1730	−0.023%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	+0.134%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1821	+0.396%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	+0.207%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1735	0.000%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	+0.161%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1728	−0.034%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1723	−0.057%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0150%	1h	2.1755	+0.092%	$260K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1741	+0.027%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.575%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1730	−0.023%	$4.2M	$500K	75x	as long as short