TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h −0.003%

Price spread now: Kraken Futures against Pacifica+0.107%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.107%, 7d avg +0.053%

Together, before fees−0.301%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.053%. Mind the row above: over the last 7 days funding on this pair cost −0.258%, 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	Pacifica TRUMP	2.1186	0.0100	pay 0.0013% / 1h	33m 04s	$183K	$52K	10x
Short	Kraken Futures PF_TRUMPUSD	2.1209	0.0200	get 0.0025% / 1h	33m 04s	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.107%Rate

Funding earned: $21.08
Price spread: +0.107% → +0.053%: $5.43
Slippage, 4 orders: −$57.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$49.25
Costs to cover: 0.758%
Break-even: 23.4 days

Slippage from Pacifica: live order book, 15 min ago; Kraken Futures: live order book, 1 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, 15 min ago	9.08 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.71 bp	21.3 bp −$21	37.7 bp −$377	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	−0.1827%	1h	2.1180	−0.029%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0512%	1h	2.1178	−0.039%	$935K	$996K	10x	as long as short
SoDEX TRUMP-USD	−0.0459%	1h	2.1185	−0.006%	$85	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0363%	1h	2.1198	+0.056%	$399K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0324%	4h	2.1210	+0.112%	$30.0M	$51.5M	50x	as long as short
Extended TRUMP-USD	−0.0256%	1h	2.1177	−0.045%	$76K	$746K	25x	as long as short
Binance TRUMPUSDT	−0.0255%	4h	2.1196	+0.048%	$59.7M	$249.5M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1179	−0.033%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0229%	8h	2.1185	−0.006%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0153%	4h	2.1322	+0.639%	$658K	$427K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0126%	4h	2.1200	+0.065%	$7.6M	$53.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0125%	4h	2.1361	+0.824%	$104K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0052%	4h	2.1190	+0.018%	$26.6M	$178.9M	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0050%	4h	2.1330	+0.679%	$178K	$4.6M	10x	as long as short
Orderly PERP_TRUMP_USDC	−0.0038%	4h	2.1190	+0.018%	$5K	$220K	10x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	2.1207	+0.097%	$27K	$506	5x	as long as short
BloFin TRUMP-USDT	−0.0015%	4h	2.1190	+0.018%	$4.1M	$680K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1205	+0.087%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1162	−0.116%	$18K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1195	+0.041%	$13.3M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1222	+0.169%	$399K	$801K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1186	long leg	$183K	$52K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1190	+0.018%	$394K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1200	+0.065%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1220	+0.159%	$15.3M	$26.6M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1210	+0.112%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1230	+0.207%	$478K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1208	+0.104%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0189%	1h	2.1228	+0.197%	$380K	$409K	10x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0200%	1h	2.1209	+0.107%	$1.3M	$2.3M	50x
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1190	+0.018%	$254K	$316K	50x	as long as short