TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0223%/8h= −24.4% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Hyperliquid−0.140%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.140%, 7d avg −0.024%

Together, before fees+0.323%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.116% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TRUMP	2.1937	0.0323	pay 0.0040% / 1h	31m 17s	$14.1M	$7.5M	10x
Short	Pacifica TRUMP	2.1906	0.0100	get 0.0013% / 1h	31m 17s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.140%Rate

Funding earned: −$46.73
Price spread: −0.140% → −0.024%: −$11.57
Slippage, 4 orders: −$33
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$108.3
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Pacifica: live order book, 47 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	1.59 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 47 min ago	4.57 bp	19.8 bp −$20	doesn't fit	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	−0.1537%	1h	2.1830	−0.488%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1912	−0.112%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1906	−0.139%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1908	−0.132%	$411K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1911	−0.117%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1945	+0.039%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1900	−0.169%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1891	−0.210%	$981K	$739K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0097%	8h	2.1908	−0.131%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1920	−0.078%	$457K	$832K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMPshort	+0.0100%	1h	2.1906	−0.140%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1914	−0.104%	$62.9M	$225.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	−0.123%	$30.9M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	−0.123%	$27.1M	$152.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	−0.123%	$7.4M	$48.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	−0.214%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	−0.077%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1910	−0.123%	$15.6M	$21.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1902	−0.157%	$640K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1930	−0.032%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.059%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1896	−0.187%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1960	+0.105%	$557K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1901	−0.163%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1895	−0.191%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1911	−0.119%	$10K	—	100x	as long as short
Hyperliquid TRUMPlong	+0.0323%	1h	2.1937	long leg	$14.1M	$7.5M	10x
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	−0.260%	$4.2M	$635K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.561%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0490%	1h	2.1942	+0.023%	$259K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1922	−0.070%	$1.3M	$2.5M	50x	as long as short