TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%

Price spread now: Pacifica against Deribit−0.071%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.071%, 7d avg −0.016%

Together, before fees+0.424%+ Points / potential airdropPacifica: Active · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.016%). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1842	0	get 0.0000% / 1h	58m 07s	$410K	$77K	10x
Short	Pacifica TRUMP	2.1826	0.0100	get 0.0013% / 1h	58m 07s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.071%Rate

Funding earned: $21
Price spread: −0.071% → −0.016%: −$5.51
Slippage, 4 orders: −$42.6
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.1
Costs to cover: 0.576%
Break-even: 21.0 days

Slippage from Deribit: live order book, 16 min ago; Pacifica: live order book, 15 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, 16 min ago	7.33 bp	15.0 bp −$15	23.7 bp −$237	doesn't fit	doesn't fit
Sell Pacifica live order book, 15 min ago	6.18 bp	21.4 bp −$21	doesn't fit	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	−0.1608%	1h	2.1760	−0.375%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1822	−0.092%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1817	−0.116%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1842	long leg	$410K	$77K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1846	+0.019%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1867	+0.113%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1830	−0.055%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1841	−0.005%	$979K	$705K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1823	−0.088%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1850	+0.037%	$455K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMPshort	+0.0100%	1h	2.1826	−0.071%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1841	−0.005%	$62.8M	$227.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	−0.009%	$30.6M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	−0.009%	$27.1M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	−0.009%	$7.4M	$46.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1840	−0.009%	$473K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.037%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	+0.037%	$15.5M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.092%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	+0.212%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1850	+0.037%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	−0.032%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.128%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1831	−0.051%	$75K	$463K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	−0.009%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0121%	1h	2.1867	+0.114%	$14.2M	$7.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1848	+0.028%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	+0.128%	$4.2M	$632K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0350%	1h	2.1866	+0.110%	$256K	$284K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+0.998%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0788%	1h	2.1868	+0.117%	$1.3M	$2.5M	50x	as long as short