TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0231%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.011%

Price spread now: Pacifica against Kraken Futures−0.157%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now −0.157%, 7d avg −0.050%

Together, before fees+0.547%+ Points / potential airdropPacifica: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.107% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.050%). If the spread goes back, that is −$11 on $10k: about 37 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1795	−0.0131	get 0.0016% / 1h	5m 45s	$1.3M	$2.3M	50x
Short	Pacifica TRUMP	2.1761	0.0100	get 0.0013% / 1h	5m 45s	$187K	$60K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Kraken Futures. 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 Kraken FuturesbpFee PacificabpOrdersPrice spread, now −0.157%Rate

Funding earned: $48.42
Price spread: −0.157% → −0.050%: −$10.67
Slippage, 4 orders: −$29.59
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.84
Costs to cover: 0.476%
Break-even: 8.4 days

Slippage from Kraken Futures: live order book, 3 min ago; Pacifica: live order book, 17 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 Kraken Futures live order book, 3 min ago	2.29 bp	10.8 bp −$11	35.3 bp −$353	doesn't fit	doesn't fit
Sell Pacifica live order book, 17 min ago	7.08 bp	16.0 bp −$16	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	−0.1787%	1h	2.1730	−0.298%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1764	−0.142%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSDlong	−0.0131%	1h	2.1795	long leg	$1.3M	$2.3M	50x
Deribit TRUMP_USDC-PERPETUAL	−0.0026%	1h	2.1771	−0.110%	$408K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1768	−0.124%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1769	−0.120%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1842	+0.218%	$119K	$247K	20x	as long as short
Lighter TRUMP	+0.0064%	1h	2.1747	−0.220%	$967K	$664K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.1754	−0.188%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1760	−0.160%	$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
Hyperliquid TRUMP	+0.0100%	1h	2.1781	−0.064%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1762	−0.152%	$456K	$832K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1761	−0.157%	$187K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1760	−0.160%	$61.9M	$215.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1760	−0.160%	$30.3M	$42.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.160%	$26.7M	$147.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1760	−0.160%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1740	−0.252%	$478K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1760	−0.160%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1760	−0.160%	$15.5M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1844	+0.227%	$681K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1821	+0.120%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	−0.023%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1765	−0.137%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	−0.023%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1757	−0.172%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1760	−0.160%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0152%	1h	2.1786	−0.041%	$261K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1770	−0.114%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.299%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	−0.160%	$4.2M	$501K	75x	as long as short