TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1887%/8h= −206.6% APRnext payment −$2.36 per $10,000 · paid last 24h −0.517%

Price spread now: Injective against Pacifica−0.790%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$204as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on Pacifica Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.509%−$51 on $10k

Price spread, last 3 days (all we have)+0.325%+$33 · spread now −0.790%, 7d avg −0.036%

Together, before fees−0.184%+ Points / potential airdropPacifica: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$57 a day on $10k at the current rate, and Injective is 0.754% cheaper against Pacifica than usual: you would sell low and buy high (−$75 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.509% in total (about -26.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.36 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	2.1812	0.0100	pay 0.0013% / 1h	26m 55s	$188K	$60K	10x
Short	Injective TRUMP/USDC PERP	2.1640	−0.1787	pay 0.0223% / 1h	26m 55s	$13K	$119K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.790%Rate

Funding earned: −$396.21
Price spread: −0.790% → −0.036%: −$75.41
Slippage, 4 orders: −$120.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$600.22
Costs to cover: 1.286%
Break-even: never at this rate

Slippage from Pacifica: live order book, 61 min ago; Injective: live order book, 47 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, 61 min ago	8.48 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 47 min ago	41.17 bp	41.2 bp −$41	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 PERPshort	−0.1787%	1h	2.1640	−0.790%	$13K	$119K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1809	−0.014%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1828	+0.073%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1797	−0.070%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1824	+0.054%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1818	+0.025%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1809	−0.015%	$972K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	−0.353%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0074%	8h	2.1808	−0.018%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1810	−0.011%	$3K	$249K	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	2.1830	+0.079%	$457K	$831K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1812	long leg	$188K	$60K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1826	+0.062%	$62.1M	$215.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1830	+0.081%	$30.4M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	+0.081%	$26.6M	$147.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	+0.035%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	+0.035%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1820	+0.035%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.081%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.359%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1745	−0.311%	$186K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	+0.127%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	+0.012%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	+0.081%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1833	+0.093%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1804	−0.039%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0139%	1h	2.1854	+0.189%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERP	+0.0189%	1h	2.1851	+0.177%	$261K	$260K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1821	+0.041%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1830	+0.081%	$280K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	−0.056%	$4.1M	$494K	75x	as long as short