TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0404%/8h= +44.2% APRnext payment +$0.51 per $10,000 · paid last 24h +0.087%

Price spread now: Coinbase International against Pacifica−0.376%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$800.797% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.376%, 7d avg +0.070%

Together, before fees+0.071%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.446% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.376% now, against its 7-day average of +0.070%). If the spread goes back, that is −$45 on $10k: about 3.7 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.047% in total) that is about 2 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 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	Pacifica TRUMP	2.1732	0.0100	pay 0.0013% / 1h	34m 26s	$187K	$56K	10x
Short	Coinbase International TRUMP-PERP-INTX	2.1650	0.0504	get 0.0063% / 1h	34m 26s	$280K	$297K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.376%Rate

Funding earned: $84.84
Price spread: −0.376% → +0.070%: −$44.57
Slippage, 4 orders: −$61.71
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.44
Costs to cover: 0.797%
Break-even: 10.3 days

Slippage from Pacifica: live order book, 28 min ago; Coinbase International: live order book, 29 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, 28 min ago	9.35 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 29 min ago	15.93 bp	25.4 bp −$25	29.9 bp −$299	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	−0.1659%	1h	2.1620	−0.514%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1731	−0.002%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1750	+0.084%	$7.6M	$49.8M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1723	−0.040%	$968K	$794K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1736	+0.018%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1795	+0.291%	$410K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1744	+0.058%	$42K	—	150x	as long as short
SoDEX TRUMP-USD	+0.0034%	1h	2.1785	+0.245%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	+0.0039%	8h	2.1736	+0.021%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1674	−0.266%	$105K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0077%	4h	2.1780	+0.222%	$4K	$239K	10x	as long as short
Bybit TRUMPUSDT	+0.0082%	4h	2.1740	+0.038%	$31.0M	$48.3M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1763	+0.144%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1746	+0.064%	$430K	$827K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1732	long leg	$187K	$56K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1750	+0.084%	$63.0M	$236.9M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1740	+0.038%	$27.4M	$170.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1740	+0.038%	$427K	$143K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1760	+0.130%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.084%	$15.5M	$25.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1731	−0.004%	$681K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1710	−0.100%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.452%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1840	+0.498%	$534K	$2.0M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0102%	1h	2.1816	+0.388%	$255K	$318K	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1719	−0.058%	$115K	$702K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1772	+0.186%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1746	+0.068%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0288%	1h	2.1820	+0.408%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	+0.130%	$4.3M	$658K	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0504%	1h	2.1650	−0.376%	$280K	$297K	50x