TRUMP

Alert

Funding spread now, next payment 17:00 UTC−0.0396%/8h

next payment, per $10,000−$0.50paid, last 24h−0.018%paid, last 7 days+0.158%to open and close $10k−$61

Long on Coinbase International Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.50 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	Coinbase International TRUMP-PERP-INTX	2.1240	0.0496	pay 0.0062% / 1h	7m 36s	$276K	$387K	50x
Short	Backpack TRUMP_USDC_PERP	2.1243	0.0100	get 0.0013% / 1h	7m 36s	$253K	$264K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: −$83.16
Slippage, 4 orders: −$40.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$144.08
Break-even: never at this rate

Slippage from Coinbase International: live order book, 32 min ago; Backpack: live order book, 32 min ago.

Price risk

price view

Price gap now: +0.014%
Avg gap 7d: +0.038%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 32 min ago	13.97 bp	23.5 bp −$24	28.4 bp −$284	doesn't fit	doesn't fit
Sell Backpack live order book, 32 min ago	0.23 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit

TRUMP on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1677%	1h	$12K	$110K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0156%	1h	$1.0M	$2.1M	50x	as long as short
Lighter TRUMP	−0.0112%	1h	$951K	$582K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	$398K	$77K	10x	as long as short
Gate TRUMP_USDT	+0.0006%	4h	$7.3M	$44.1M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	$54K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	$116K	$242K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0060%	8h	$5K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	+0.0064%	1h	$81	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	$3K	$249K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	$13.5M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	$418K	$849K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	$183K	$70K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	$61.2M	$206.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	$29.5M	$40.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	$26.1M	$141.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	$470K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	$4.2M	$9.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	$15.0M	$19.8M	75x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0100%	1h	$253K	$264K	10x
Variational Omni TRUMP	+0.0100%	4h	$662K	$238K	—	as long as short
SunX TRUMP-USDT	+0.0100%	4h	$1K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	$497K	$1.6M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	$73K	$474K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	$18K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	$11K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	$4.2M	$444K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0496%	1h	$276K	$387K	50x