TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.018%

Price spread now: Lighter against Pacifica−0.047%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.047%, 7d avg −0.021%

Together, before fees−0.067%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.025% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1833	0.0100	pay 0.0013% / 1h	29m 30s	$188K	$59K	10x
Short	Lighter TRUMP	2.1823	0.0096	get 0.0012% / 1h	29m 30s	$971K	$675K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$0.84
Price spread: −0.047% → −0.021%: −$2.53
Slippage, 4 orders: −$31.55
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$42.93
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Pacifica: live order book, 53 min ago; Lighter: live order book, 51 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, 53 min ago	7.08 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 51 min ago	1.14 bp	6.0 bp −$6	26.6 bp −$266	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	−0.1472%	1h	2.1810	−0.106%	$32K	$147K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1832	−0.004%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1827	−0.028%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1797	−0.166%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1836	+0.013%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	+0.065%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1790	−0.198%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.1834	+0.003%	$5K	—	5x	as long as short
Lighter TRUMPshort	+0.0096%	1h	2.1823	−0.047%	$971K	$675K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1856	+0.105%	$14.0M	$7.5M	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	2.1836	+0.011%	$455K	$832K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1833	long leg	$188K	$59K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1840	+0.033%	$62.2M	$218.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1830	−0.015%	$30.3M	$43.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	+0.031%	$26.8M	$149.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1820	−0.060%	$7.3M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.015%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	−0.015%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.031%	$15.4M	$20.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1802	−0.142%	$685K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1787	−0.210%	$182K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1820	−0.060%	$1K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1795	−0.175%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1820	−0.060%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1841	+0.035%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1797	−0.164%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1793	−0.182%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	−0.106%	$4.2M	$513K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0346%	1h	2.1815	−0.083%	$261K	$270K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.123%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0524%	1h	2.1819	−0.066%	$1.3M	$2.5M	50x	as long as short