TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h −0.016%

Price spread now: Lighter against Extended−0.062%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.062%, 7d avg +0.039%

Together, before fees+0.292%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.101% cheaper against Extended than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.039%). If the spread goes back, that is −$10 on $10k: about 21 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.110% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1464	−0.0248	get 0.0031% / 1h	35m 44s	$74K	$494K	25x
Short	Lighter TRUMP	2.1451	−0.0232	pay 0.0029% / 1h	35m 44s	$938K	$990K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.062%Rate

Funding earned: $3.36
Price spread: −0.062% → +0.039%: −$10.12
Slippage, 4 orders: −$28.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.67
Costs to cover: 0.339%
Break-even: 91.7 days

Slippage from Extended: live order book, 62 min ago; Lighter: live order book, 20 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, 62 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell Lighter live order book, 20 min ago	1.86 bp	7.4 bp −$7	33.1 bp −$331	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	−0.1829%	1h	2.1350	−0.533%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0615%	1h	2.1459	−0.025%	$71	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0337%	4h	2.1450	−0.067%	$30.6M	$51.8M	50x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1451	−0.060%	$662K	$415K	—	as long as short
Gate TRUMP_USDT	−0.0270%	4h	2.1470	+0.027%	$7.7M	$49.6M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1470	+0.027%	$388K	$81K	10x	as long as short
Binance TRUMPUSDT	−0.0253%	4h	2.1460	−0.020%	$60.9M	$247.4M	75x	as long as short
Extended TRUMP-USDlong	−0.0248%	1h	2.1464	long leg	$74K	$494K	25x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1457	−0.036%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1460	−0.020%	$26.9M	$182.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMPshort	−0.0232%	1h	2.1451	−0.062%	$938K	$990K	10x
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1449	−0.071%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1450	−0.067%	$156K	$474K	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0122%	4h	2.1439	−0.118%	$180K	$4.3M	10x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	−0.152%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0097%	4h	2.1450	−0.067%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0044%	4h	2.1460	−0.020%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0024%	1h	2.1466	+0.010%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0011%	4h	2.1460	−0.020%	$4.2M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1467	+0.012%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1436	−0.132%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0026%	4h	2.1460	−0.020%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1476	+0.054%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1475	+0.049%	$407K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1471	+0.031%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.067%	$398K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	+0.166%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	−0.020%	$499K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1494	+0.138%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1469	+0.021%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0296%	1h	2.1496	+0.148%	$383K	$422K	10x	as long as short