TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.018%

Price spread now: Extended against Lighter+0.025%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.025%, 7d avg −0.041%

Together, before fees−0.211%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.066% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.2060	0.0096	pay 0.0012% / 1h	32m 07s	$981K	$768K	10x
Short	Extended TRUMP-USD	2.2065	0.0104	get 0.0013% / 1h	32m 07s	$76K	$619K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now +0.025%Rate

Funding earned: $1.68
Price spread: +0.025% → −0.041%: $6.58
Slippage, 4 orders: −$30.87
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.6
Costs to cover: 0.359%
Break-even: 122.0 days

Slippage from Lighter: live order book, 38 min ago; Extended: live order book, 41 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 Lighter live order book, 38 min ago	1.60 bp	5.8 bp −$6	25.4 bp −$254	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	6.88 bp	9.9 bp −$10	32.8 bp −$328	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	−0.1608%	1h	2.1960	−0.453%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2032	−0.129%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2037	−0.106%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2067	+0.032%	$414K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2056	−0.019%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1969	−0.413%	$120K	$250K	20x	as long as short
Lighter TRUMPlong	+0.0096%	1h	2.2060	long leg	$981K	$768K	10x
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.2060	0.000%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2014	−0.208%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2050	−0.045%	$459K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2033	−0.123%	$190K	$58K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2072	+0.053%	$63.1M	$222.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2070	+0.045%	$30.9M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2070	+0.045%	$27.2M	$154.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2070	+0.045%	$7.6M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2050	−0.045%	$478K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2080	+0.091%	$4.2M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2090	+0.136%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1972	−0.401%	$706K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1990	−0.318%	$180K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2090	+0.136%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2065	+0.023%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2050	−0.045%	$557K	$1.9M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.2065	+0.025%	$76K	$619K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2055	−0.023%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0196%	1h	2.2094	+0.154%	$14.3M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2055	−0.022%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2040	−0.091%	$4.2M	$629K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0452%	1h	2.2105	+0.204%	$259K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.224%	$283K	$272K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0780%	1h	2.2090	+0.134%	$1.3M	$2.5M	50x	as long as short