TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0308%/8h= −33.7% APRnext payment −$0.39 per $10,000 · paid last 24h −0.015%

Price spread now: Extended against Hyperliquid−0.187%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.187%, 7d avg −0.091%

Together, before fees+0.068%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.091%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Hyperliquid TRUMP	2.1510	0.0100	pay 0.0013% / 1h	1m 11s	$13.6M	$8.1M	10x
Short	Extended TRUMP-USD	2.1470	−0.0208	pay 0.0026% / 1h	1m 11s	$74K	$492K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.187%Rate

Funding earned: −$64.68
Price spread: −0.187% → −0.091%: −$9.56
Slippage, 4 orders: −$22.35
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$110.59
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Extended: live order book, 36 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 Hyperliquid live order book, 11 min ago	1.39 bp	6.0 bp −$6	10.9 bp −$109	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	7.01 bp	10.1 bp −$10	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	−0.1797%	1h	2.1350	−0.744%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0406%	1h	2.1477	−0.153%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	−0.130%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1482	−0.130%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0227%	4h	2.1490	−0.093%	$30.5M	$52.3M	50x	as long as short
Extended TRUMP-USDshort	−0.0208%	1h	2.1470	−0.187%	$74K	$492K	25x
Binance TRUMPUSDT	−0.0207%	4h	2.1493	−0.081%	$60.8M	$249.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0206%	4h	2.1480	−0.139%	$26.8M	$184.0M	50x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1476	−0.158%	$939K	$1.0M	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0129%	8h	2.1469	−0.190%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUAL	−0.0122%	1h	2.1495	−0.070%	$405K	$65K	10x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1500	−0.046%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0099%	4h	2.1442	−0.317%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1480	−0.139%	$5K	$287K	10x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1497	−0.060%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	−0.0002%	4h	2.1490	−0.093%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1504	−0.028%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1480	−0.139%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0033%	4h	2.1470	−0.186%	$4.2M	$687K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1420	−0.418%	$167K	$480K	50x	as long as short
Bitget TRUMPUSDT	+0.0062%	4h	2.1500	−0.046%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1510	long leg	$13.6M	$8.1M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1519	+0.042%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1490	−0.093%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	−0.046%	$400K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	−0.140%	$181K	$4.3M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1500	−0.046%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	0.000%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1499	−0.050%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0292%	1h	2.1525	+0.070%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1506	−0.018%	$1.3M	$2.3M	50x	as long as short