TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1887%/8h= +206.6% APRnext payment +$2.36 per $10,000 · paid last 24h +0.517%

Price spread now: Pacifica against Injective+0.946%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.509%+$51 on $10k

Price spread, last 3 days (all we have)−0.481%−$48 · spread now +0.946%, 7d avg +0.036%

Together, before fees+0.028%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Pacifica is 0.910% dearer against Injective than usual: you sell high and buy low: +$91 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.509% in total (about 26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.36 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	2.1640	−0.1787	get 0.0223% / 1h	26m 32s	$13K	$119K	12x
Short	Pacifica TRUMP	2.1845	0.0100	get 0.0013% / 1h	26m 32s	$188K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.946%Rate

Funding earned: $396.21
Price spread: +0.946% → +0.036%: $91.01
Slippage, 4 orders: −$120.58
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $358.62
Costs to cover: 1.286%
Break-even: 0.7 days

Slippage from Injective: live order book, 48 min ago; Pacifica: live order book, 61 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	41.17 bp	54.8 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 61 min ago	8.48 bp	17.3 bp −$17	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 PERPlong	−0.1787%	1h	2.1640	long leg	$13K	$119K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1834	+0.898%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1828	+0.869%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1839	+0.920%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1824	+0.850%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1818	+0.822%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1830	+0.878%	$973K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	+0.440%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0074%	8h	2.1838	+0.914%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1810	+0.786%	$3K	$249K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1848	+0.962%	$458K	$831K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1845	+0.946%	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1832	+0.885%	$62.1M	$215.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	+0.924%	$30.4M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	+0.924%	$26.6M	$147.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	+0.924%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1850	+0.970%	$480K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.924%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.924%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	+0.434%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1745	+0.483%	$186K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	+0.924%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	+0.809%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.878%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1833	+0.890%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1804	+0.757%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0139%	1h	2.1861	+1.021%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0189%	1h	2.1851	+0.975%	$261K	$260K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1821	+0.838%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1830	+0.878%	$280K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	+0.739%	$4.1M	$494K	75x	as long as short