TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Pacifica−0.055%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.055%, 7d avg +0.016%

Together, before fees−0.298%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.071% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1855	0.0100	pay 0.0013% / 1h	59m 09s	$188K	$60K	10x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1843	0	get 0.0000% / 1h	59m 09s	$410K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$21
Price spread: −0.055% → +0.016%: −$7.1
Slippage, 4 orders: −$42.6
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$85.7
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Pacifica: live order book, 14 min ago; Deribit: live order book, 15 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, 14 min ago	6.18 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	7.33 bp	10.8 bp −$11	20.8 bp −$208	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	2.1760	−0.435%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1852	−0.014%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1877	+0.100%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1843	−0.055%	$410K	$77K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1840	−0.069%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1867	+0.054%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	−0.069%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1834	−0.096%	$979K	$705K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1848	−0.034%	$5K	—	5x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1856	+0.004%	$14.2M	$7.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1850	−0.024%	$455K	$836K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1855	long leg	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1827	−0.128%	$62.8M	$227.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	−0.160%	$30.6M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	−0.160%	$27.1M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.160%	$7.4M	$46.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.160%	$473K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	−0.069%	$4.2M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	−0.160%	$15.5M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.032%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1888	+0.152%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.023%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	−0.092%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.069%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1831	−0.111%	$75K	$467K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	−0.069%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1837	−0.083%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0281%	1h	2.1836	−0.087%	$255K	$285K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	+0.069%	$4.2M	$632K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2060	+0.938%	$285K	$388K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0788%	1h	2.1868	+0.058%	$1.3M	$2.5M	50x	as long as short