TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.032%

Price spread now: Hyperliquid against Lighter−0.061%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.061%, 7d avg +0.051%

Together, before fees+0.019%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.112% cheaper against Lighter than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.051%). If the spread goes back, that is −$11 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.1368	0.0072	pay 0.0009% / 1h	36m 22s	$944K	$1.0M	10x
Short	Hyperliquid TRUMP	2.1355	0.0100	get 0.0013% / 1h	36m 22s	$13.4M	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.061%Rate

Funding earned: $5.88
Price spread: −0.061% → +0.051%: −$11.21
Slippage, 4 orders: −$19.03
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$33.35
Costs to cover: 0.280%
Break-even: 46.7 days

Slippage from Lighter: live order book, 4 min ago; Hyperliquid: live order book, 6 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, 4 min ago	1.40 bp	5.5 bp −$6	34.1 bp −$341	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.93 bp	6.8 bp −$7	14.4 bp −$144	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	−0.1927%	1h	2.1280	−0.412%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1337	−0.147%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0216%	4h	2.1360	−0.037%	$60.3M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1350	−0.085%	$74K	$715K	25x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	+0.156%	$661K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0110%	4h	2.1373	+0.021%	$104K	$264K	20x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1350	−0.084%	$7.6M	$53.6M	75x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1442	+0.348%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0090%	4h	2.1350	−0.084%	$26.4M	$184.2M	50x	as long as short
Bybit TRUMPUSDT	−0.0081%	4h	2.1340	−0.131%	$30.3M	$52.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0069%	8h	2.1368	+0.001%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0069%	1h	2.1415	+0.220%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1360	−0.037%	$5K	$243K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1423	+0.257%	$403K	$81K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1356	−0.054%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1364	−0.019%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0024%	4h	2.1370	+0.009%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1400	+0.150%	$19K	—	3x	as long as short
Lighter TRUMPlong	+0.0072%	1h	2.1368	long leg	$944K	$1.0M	10x
Hyperliquid TRUMPshort	+0.0100%	1h	2.1355	−0.061%	$13.4M	$8.1M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1362	−0.027%	$401K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1381	+0.061%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1340	−0.131%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1350	−0.084%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1350	−0.084%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	+0.150%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.290%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.290%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1359	−0.043%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	+0.103%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0322%	1h	2.1419	+0.239%	$379K	$415K	10x	as long as short