TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1733%/8h= +189.8% APRnext payment +$2.17 per $10,000 · paid last 24h +0.516%

Price spread now: Extended against Injective+0.388%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$1171.172% of the position

Long on Injective Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.366%+$37 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.388%, 7d avg +0.007%

Together, before fees+0.378%+ Points / potential airdropExtended: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Extended is 0.381% dearer against Injective than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.007%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.366% in total (about 19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 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	2.1670	−0.1765	get 0.0221% / 1h	50m 50s	$13K	$157K	12x
Short	Extended TRUMP-USD	2.1754	−0.0032	pay 0.0004% / 1h	50m 50s	$75K	$722K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.388%Rate

Funding earned: $363.97
Price spread: +0.388% → +0.007%: $38.1
Slippage, 4 orders: −$112.22
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $284.83
Costs to cover: 1.172%
Break-even: 1.5 days

Slippage from Injective: live order book, 53 min ago; Extended: live order book, 2 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, 53 min ago	48.76 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	6.89 bp	9.9 bp −$10	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 PERPlong	−0.1765%	1h	2.1670	long leg	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	+0.514%	$5	—	10x	as long as short
Extended TRUMP-USDshort	−0.0032%	1h	2.1754	+0.388%	$75K	$722K	25x
Binance TRUMPUSDT	−0.0030%	4h	2.1760	+0.415%	$61.3M	$243.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	+0.348%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1796	+0.583%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1785	+0.531%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	+0.573%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	+0.513%	$676K	$514K	—	as long as short
SoDEX TRUMP-USD	+0.0017%	1h	2.1775	+0.485%	$95	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0041%	4h	2.1780	+0.508%	$4K	$180K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0043%	8h	2.1769	+0.458%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1792	+0.562%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1764	+0.434%	$963K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1785	+0.531%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1782	+0.515%	$427K	$794K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1789	+0.549%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1760	+0.415%	$30.8M	$49.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	+0.415%	$27.5M	$176.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1770	+0.461%	$7.8M	$50.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	+0.461%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1780	+0.508%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.369%	$15.7M	$25.7M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.670%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.554%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.554%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1790	+0.554%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1790	+0.553%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0210%	4h	2.1750	+0.369%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−0.692%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0462%	1h	2.1796	+0.581%	$342K	$375K	10x	as long as short