TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h −0.011%

Price spread now: Kraken Futures against Extended+0.173%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.173%, 7d avg +0.121%

Together, before fees−0.216%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.052% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.121%. Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1519	−0.0008	get 0.0001% / 1h	14m 39s	$75K	$716K	25x
Short	Kraken Futures PF_TRUMPUSD	2.1556	0.0220	get 0.0028% / 1h	14m 39s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.173%Rate

Funding earned: $47.92
Price spread: +0.173% → +0.121%: $5.22
Slippage, 4 orders: −$39.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1.5
Costs to cover: 0.546%
Break-even: 7.2 days

Slippage from Extended: live order book, 43 min ago; Kraken Futures: live order book, 4 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, 43 min ago	7.02 bp	10.1 bp −$10	33.1 bp −$331	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.32 bp	18.9 bp −$19	32.2 bp −$322	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	−0.1690%	1h	2.1430	−0.414%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1552	+0.151%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0111%	1h	2.1520	+0.004%	$94	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1540	+0.097%	$405K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0048%	4h	2.1530	+0.051%	$7.6M	$51.0M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1522	+0.014%	$953K	$957K	10x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1531	+0.056%	$665K	$488K	—	as long as short
Binance TRUMPUSDT	−0.0013%	4h	2.1520	+0.004%	$60.5M	$241.7M	75x	as long as short
Extended TRUMP-USDlong	−0.0008%	1h	2.1519	long leg	$75K	$716K	25x
edgeX TRUMPUSDC	−0.0005%	4h	2.1543	+0.109%	$105K	$265K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0002%	1h	2.1536	+0.079%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1564	+0.210%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0034%	8h	2.1518	−0.007%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1530	+0.051%	$4K	$204K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1525	+0.028%	$19K	—	3x	as long as short
Bybit TRUMPUSDT	+0.0087%	4h	2.1530	+0.051%	$30.5M	$49.6M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	+0.139%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1541	+0.101%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1539	+0.091%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1520	+0.004%	$27.2M	$173.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1530	+0.051%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1540	+0.097%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1530	+0.051%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1550	+0.144%	$295K	$318K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1561	+0.196%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.376%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1540	+0.097%	$503K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1568	+0.228%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0220%	1h	2.1556	+0.173%	$1.3M	$2.2M	50x
BloFin TRUMP-USDT	+0.0228%	4h	2.1520	+0.004%	$4.2M	$682K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1550	+0.144%	$279K	$277K	50x	as long as short