TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1459%/8h= +159.8% APRnext payment +$1.82 per $10,000 · paid last 24h +0.495%

Price spread now: Lighter against Injective+0.472%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$1111.111% of the position

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.499%+$50 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.472%, 7d avg +0.051%

Together, before fees+0.391%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Lighter is 0.421% dearer against Injective than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.051%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.499% in total (about 26.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.82 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	2.1420	−0.1827	get 0.0228% / 1h	50m 34s	$12K	$157K	12x
Short	Lighter TRUMP	2.1521	−0.0368	pay 0.0046% / 1h	50m 34s	$952K	$994K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.472%Rate

Funding earned: $306.49
Price spread: +0.472% → +0.051%: $42.07
Slippage, 4 orders: −$111.05
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: $237.49
Costs to cover: 1.111%
Break-even: 1.6 days

Slippage from Injective: live order book, 48 min ago; Lighter: live order book, 60 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, 48 min ago	41.28 bp	50.4 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 60 min ago	0.92 bp	10.7 bp −$11	36.2 bp −$362	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	2.1420	long leg	$12K	$157K	12x
SoDEX TRUMP-USD	−0.0489%	1h	2.1535	+0.537%	$85	$6K	5x	as long as short
Lighter TRUMPshort	−0.0368%	1h	2.1521	+0.472%	$952K	$994K	10x
Bybit TRUMPUSDT	−0.0323%	4h	2.1520	+0.467%	$30.6M	$51.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1527	+0.497%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0234%	8h	2.1517	+0.451%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0214%	1h	2.1550	+0.607%	$406K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0210%	4h	2.1530	+0.514%	$7.7M	$52.2M	75x	as long as short
Binance TRUMPUSDT	−0.0203%	4h	2.1522	+0.475%	$60.7M	$246.7M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1519	+0.463%	$74K	$718K	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0123%	4h	2.1531	+0.519%	$665K	$437K	—	as long as short
edgeX TRUMPUSDC	−0.0095%	4h	2.1505	+0.395%	$105K	$264K	20x	as long as short
dYdX TRUMP-USD	−0.0036%	1h	2.1546	+0.589%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0024%	4h	2.1536	+0.543%	$180K	$4.7M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0019%	4h	2.1530	+0.514%	$5K	$208K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1544	+0.579%	$41K	—	150x	as long as short
OKX TRUMP-USDT-SWAP	+0.0012%	4h	2.1520	+0.467%	$27.3M	$179.2M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1520	+0.466%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1520	+0.467%	$4.2M	$648K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1549	+0.602%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	+0.607%	$405K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1543	+0.574%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	+0.467%	$400K	$147K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1530	+0.514%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1530	+0.514%	$15.5M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1530	+0.514%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1530	+0.514%	$490K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1549	+0.601%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1565	+0.679%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0377%	1h	2.1560	+0.654%	$382K	$404K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1600	+0.840%	$286K	$305K	50x	as long as short