TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.031%

Price spread now: Extended against Deribit+0.027%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Deribit Short on Extended

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)−0.011%−$1 · spread now +0.027%, 7d avg −0.080%

Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.107% dearer against Deribit than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.080%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1853	0	get 0.0000% / 1h	43m 36s	$411K	$72K	10x
Short	Extended TRUMP-USD	2.1859	−0.0040	pay 0.0005% / 1h	43m 36s	$75K	$722K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$8.4
Price spread: +0.027% → −0.080%: $10.73
Slippage, 4 orders: −$34.41
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$44.08
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Deribit: live order book, 10 min ago; Extended: live order book, 9 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 Deribit live order book, 10 min ago	6.42 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 9 min ago	6.89 bp	9.9 bp −$10	32.2 bp −$322	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	−0.1765%	1h	2.1710	−0.654%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1871	+0.084%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0155%	4h	2.1880	+0.124%	$31.0M	$49.9M	50x	as long as short
SoDEX TRUMP-USD	−0.0107%	1h	2.1845	−0.037%	$95	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0084%	4h	2.1870	+0.078%	$7.9M	$51.1M	75x	as long as short
Binance TRUMPUSDT	−0.0046%	4h	2.1880	+0.124%	$61.9M	$244.1M	75x	as long as short
Extended TRUMP-USDshort	−0.0040%	1h	2.1859	+0.027%	$75K	$722K	25x
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.237%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	−0.146%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	+0.149%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1853	long leg	$411K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1854	+0.002%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0036%	4h	2.1840	−0.059%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1869	+0.071%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1831	−0.103%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1872	+0.087%	$969K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1886	+0.151%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1880	+0.125%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1869	+0.074%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	+0.124%	$27.9M	$179.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	+0.032%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.124%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1880	+0.124%	$15.8M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	−0.059%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.032%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.078%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1873	+0.090%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1863	+0.045%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0201%	4h	2.1830	−0.105%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.059%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0401%	1h	2.1898	+0.206%	$344K	$374K	10x	as long as short