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: Deribit against Extended+0.018%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

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

Long on Extended Short on Deribit

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)−0.084%−$8 · spread now +0.018%, 7d avg +0.073%

Together, before fees−0.177%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.055% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1764	−0.0232	get 0.0029% / 1h	1m 47s	$77K	$492K	25x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1768	−0.0255	pay 0.0032% / 1h	1m 47s	$394K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$4.84
Price spread: +0.018% → +0.073%: −$5.52
Slippage, 4 orders: −$34.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$56.92
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; Deribit: live order book, 32 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, 31 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell Deribit live order book, 32 min ago	6.32 bp	9.8 bp −$10	18.6 bp −$186	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	−0.754%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0376%	4h	2.1770	+0.027%	$31.4M	$50.6M	50x	as long as short
Variational Omni TRUMP	−0.0341%	4h	2.1771	+0.034%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0331%	1h	2.1750	−0.065%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	−0.0255%	1h	2.1768	+0.018%	$394K	$68K	10x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	−0.105%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1760	−0.019%	$27.6M	$181.6M	50x	as long as short
Binance TRUMPUSDT	−0.0233%	4h	2.1770	+0.027%	$63.7M	$244.6M	75x	as long as short
Extended TRUMP-USDlong	−0.0232%	1h	2.1764	long leg	$77K	$492K	25x
Lighter TRUMP	−0.0224%	1h	2.1751	−0.060%	$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	+0.022%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	−0.202%	$142K	$514K	50x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1745	−0.087%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1760	−0.019%	$5K	$315K	10x	as long as short
Gate TRUMP_USDT	−0.0062%	4h	2.1770	+0.027%	$7.8M	$50.9M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0054%	4h	2.1760	−0.019%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1786	+0.102%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	+0.0004%	4h	2.1770	+0.027%	$15.4M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	+0.0007%	4h	2.1750	−0.065%	$4.3M	$695K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1778	+0.062%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1745	−0.088%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0058%	4h	2.1750	−0.065%	$404K	$151K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1788	+0.110%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1780	+0.073%	$414K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1789	+0.113%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1752	−0.055%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.119%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.073%	$503K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1750	−0.065%	$2K	$21K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0119%	1h	2.1781	+0.077%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1770	+0.027%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0382%	1h	2.1796	+0.147%	$388K	$410K	10x	as long as short