TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2219%/8h= +243.0% APRnext payment +$2.77 per $10,000 · paid last 24h +0.610%

Price spread now: Coinbase International against Injective+0.562%7-day average +0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1421.416% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.670%+$67 on $10k

Price spread, last 4 days (all we have)−0.456%−$46 · spread now +0.562%, 7d avg +0.143%

Together, before fees+0.214%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Coinbase International is 0.419% dearer against Injective than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.143%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.670% in total (about 34.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.77 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	Injective TRUMP/USDC PERP	2.1360	−0.1827	get 0.0228% / 1h	12m 19s	$12K	$157K	12x
Short	Coinbase International TRUMP-PERP-INTX	2.1480	0.0392	get 0.0049% / 1h	12m 19s	$237K	$362K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +0.562%Rate

Funding earned: $466.09
Price spread: +0.562% → +0.143%: $41.89
Slippage, 4 orders: −$131.58
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $366.38
Costs to cover: 1.416%
Break-even: 1.5 days

Slippage from Injective: live order book, 22 min ago; Coinbase International: 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 Injective live order book, 22 min ago	42.51 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 36 min ago	6.97 bp	16.6 bp −$17	20.2 bp −$202	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 PERPlong	−0.1827%	1h	2.1360	long leg	$12K	$157K	12x
Lighter TRUMP	−0.0392%	1h	2.1481	+0.566%	$949K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0341%	1h	2.1475	+0.538%	$82	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0295%	4h	2.1500	+0.655%	$30.4M	$51.9M	50x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1484	+0.580%	$74K	$740K	25x	as long as short
Binance TRUMPUSDT	−0.0279%	4h	2.1492	+0.617%	$60.6M	$250.9M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1497	+0.639%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0221%	4h	2.1411	+0.241%	$661K	$426K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1487	+0.595%	$405K	$72K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0195%	8h	2.1484	+0.580%	$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
edgeX TRUMPUSDC	−0.0139%	4h	2.1420	+0.280%	$104K	$265K	20x	as long as short
Gate TRUMP_USDT	−0.0128%	4h	2.1500	+0.655%	$7.7M	$53.7M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0080%	4h	2.1500	+0.655%	$27.0M	$183.0M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0058%	4h	2.1490	+0.609%	$5K	$229K	10x	as long as short
BloFin TRUMP-USDT	−0.0040%	4h	2.1480	+0.562%	$4.1M	$688K	75x	as long as short
dYdX TRUMP-USD	−0.0018%	1h	2.1496	+0.637%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0002%	4h	2.1440	+0.375%	$182K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1476	+0.543%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1515	+0.724%	$41K	—	150x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1514	+0.721%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1501	+0.662%	$404K	$772K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1491	+0.612%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	+0.655%	$401K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1500	+0.655%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1500	+0.655%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.702%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1510	+0.702%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1511	+0.706%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1500	+0.654%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0239%	1h	2.1518	+0.740%	$383K	$411K	10x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0392%	1h	2.1480	+0.562%	$237K	$362K	50x