TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.056%

Price spread now: Backpack against Pacifica−0.032%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Pacifica Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.032%, 7d avg +0.072%

Together, before fees+0.158%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.104% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.072%). If the spread goes back, that is −$10 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.175% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1782	0.0100	pay 0.0013% / 1h	37m 42s	$188K	$60K	10x
Short	Backpack TRUMP_USDC_PERP	2.1775	0.0122	get 0.0015% / 1h	37m 42s	$260K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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 PacificabpFee BackpackbpOrdersPrice spread, now −0.032%Rate

Funding earned: $4.69
Price spread: −0.032% → +0.072%: −$10.38
Slippage, 4 orders: −$27.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$51.16
Costs to cover: 0.455%
Break-even: 83.3 days

Slippage from Pacifica: live order book, 50 min ago; Backpack: live order book, 50 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 Pacifica live order book, 50 min ago	8.48 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 50 min ago	0.23 bp	6.7 bp −$7	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	2.1660	−0.560%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1714	−0.310%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1747	−0.162%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1779	−0.012%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1738	−0.202%	$407K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1728	−0.247%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1771	−0.050%	$970K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1732	−0.228%	$118K	$243K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0070%	8h	2.1787	+0.023%	$5K	—	5x	as long as short
Gate TRUMP_USDT	+0.0086%	4h	2.1770	−0.055%	$7.4M	$46.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0086%	4h	2.1770	−0.055%	$478K	$134K	125x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1730	−0.238%	$3K	$249K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1774	−0.037%	$457K	$834K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1782	long leg	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1788	+0.030%	$62.1M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1780	−0.009%	$30.3M	$42.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	+0.037%	$26.6M	$147.3M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	−0.055%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	+0.083%	$15.4M	$20.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1725	−0.261%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1730	−0.238%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1740	−0.192%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1735	−0.215%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	−0.146%	$510K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1788	+0.027%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1725	−0.261%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0122%	1h	2.1775	−0.032%	$260K	$262K	10x
Hyperliquid TRUMP	+0.0145%	1h	2.1794	+0.056%	$14.1M	$7.4M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1733	−0.223%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1820	+0.175%	$281K	$397K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	−0.376%	$4.1M	$492K	75x	as long as short