TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.077%

Price spread now: Coinbase International against Extended+0.170%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.170%, 7d avg +0.102%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.068% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1823	0.0104	pay 0.0013% / 1h	8m 56s	$75K	$471K	25x
Short	Coinbase International TRUMP-PERP-INTX	2.1860	0.0288	get 0.0036% / 1h	8m 56s	$281K	$399K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.170%Rate

Funding earned: $38.64
Price spread: +0.170% → +0.102%: $6.83
Slippage, 4 orders: −$50.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.76
Costs to cover: 0.652%
Break-even: 10.6 days

Slippage from Extended: live order book, 14 min ago; Coinbase International: live order book, 14 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 Extended live order book, 14 min ago	6.86 bp	9.8 bp −$10	32.4 bp −$324	doesn't fit	doesn't fit
Sell Coinbase International live order book, 14 min ago	11.41 bp	20.2 bp −$20	25.1 bp −$251	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	−0.425%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1840	+0.078%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0162%	1h	2.1835	+0.056%	$409K	$79K	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1862	+0.178%	$1.3M	$2.3M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1868	+0.209%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1838	+0.069%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1838	+0.068%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1821	−0.008%	$971K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0082%	8h	2.1835	+0.056%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1830	+0.033%	$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	2.1845	+0.102%	$14.1M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1835	+0.057%	$457K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1850	+0.126%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1815	−0.036%	$62.1M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	−0.013%	$30.5M	$42.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	+0.033%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.013%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	−0.059%	$479K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.079%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.033%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	+0.099%	$681K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1870	+0.216%	$180K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.170%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1825	+0.010%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1880	+0.262%	$515K	$1.7M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1823	long leg	$75K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1823	0.000%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0166%	1h	2.1845	+0.102%	$259K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1834	+0.050%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0288%	1h	2.1860	+0.170%	$281K	$399K	50x
BloFin TRUMP-USDT	+0.0340%	4h	2.1860	+0.170%	$4.2M	$503K	75x	as long as short