TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: Hyperliquid against Extended+0.117%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.117%, 7d avg +0.088%

Together, before fees+0.007%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.2110	0.0104	pay 0.0013% / 1h	25m 49s	$79K	$601K	25x
Short	Hyperliquid TRUMP	2.2136	0.0164	get 0.0021% / 1h	25m 49s	$14.3M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.117%Rate

Funding earned: $12.63
Price spread: +0.117% → +0.088%: $2.88
Slippage, 4 orders: −$21.68
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$20.17
Costs to cover: 0.357%
Break-even: 18.2 days

Slippage from Extended: live order book, 47 min ago; Hyperliquid: live order book, 7 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 Extended live order book, 47 min ago	6.88 bp	9.8 bp −$10	29.9 bp −$299	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.23 bp	5.2 bp −$5	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 PERP	−0.1608%	1h	2.1910	−0.905%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2102	−0.038%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	−0.082%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2121	+0.049%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2106	−0.020%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2049	−0.275%	$120K	$248K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2112	+0.008%	$982K	$769K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2100	−0.046%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2111	+0.003%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2117	+0.032%	$460K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2109	−0.004%	$190K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2118	+0.037%	$63.2M	$222.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2110	−0.001%	$31.0M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2100	−0.046%	$27.4M	$154.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2110	−0.001%	$7.6M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2100	−0.046%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2120	+0.045%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2120	+0.045%	$16.1M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.040%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2030	−0.362%	$188K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	+0.135%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2117	+0.031%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.135%	$559K	$1.9M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.2110	long leg	$79K	$601K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2105	−0.023%	$19K	—	3x	as long as short
Hyperliquid TRUMPshort	+0.0164%	1h	2.2136	+0.117%	$14.3M	$6.6M	10x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2110	+0.001%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.362%	$4.2M	$627K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0450%	1h	2.2135	+0.112%	$259K	$278K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.448%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0778%	1h	2.2139	+0.131%	$1.3M	$2.5M	50x	as long as short