TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1613%/8h= −176.6% APRnext payment −$2.02 per $10,000 · paid last 24h −0.516%

Price spread now: Injective against Extended−0.437%80s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1141.139% of the position

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.366%−$37 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.437%, 7d avg −0.012%

Together, before fees−0.234%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Injective is 0.425% cheaper against Extended than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.366% in total (about -19.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 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	Extended TRUMP-USD	2.1614	−0.0152	get 0.0019% / 1h	5m 58s	$77K	$718K	25x
Short	Injective TRUMP/USDC PERP	2.1520	−0.1765	pay 0.0221% / 1h	5m 58s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.437%Rate

Funding earned: −$338.77
Price spread: −0.437% → −0.012%: −$42.52
Slippage, 4 orders: −$108.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$495.14
Costs to cover: 1.139%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; Injective: live order book, 33 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	6.89 bp	9.8 bp −$10	32.1 bp −$321	doesn't fit	doesn't fit
Sell Injective live order book, 33 min ago	41.28 bp	43.7 bp −$44	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 PERPshort	−0.1765%	1h	2.1520	−0.437%	$13K	$157K	12x
SoDEX TRUMP-USD	−0.0374%	1h	2.1615	+0.002%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0249%	8h	2.1608	−0.029%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1611	−0.016%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0171%	4h	2.1630	+0.072%	$30.7M	$50.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1630	+0.072%	$407K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0155%	4h	2.1620	+0.026%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USDlong	−0.0152%	1h	2.1614	long leg	$77K	$718K	25x
Gate TRUMP_USDT	−0.0126%	4h	2.1620	+0.026%	$7.8M	$52.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.121%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.031%	$668K	$437K	—	as long as short
Lighter TRUMP	−0.0048%	1h	2.1613	−0.007%	$955K	$977K	10x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.054%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0002%	4h	2.1610	−0.021%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1635	+0.095%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1561	−0.249%	$181K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1598	−0.074%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0066%	4h	2.1620	+0.026%	$27.7M	$179.4M	50x	as long as short
BloFin TRUMP-USDT	+0.0088%	4h	2.1600	−0.067%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1639	+0.113%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1630	+0.069%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1636	+0.100%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1620	+0.026%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1620	+0.026%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1640	+0.118%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1630	+0.072%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1660	+0.211%	$493K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1630	+0.070%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1648	+0.156%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0197%	1h	2.1655	+0.187%	$384K	$402K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1640	+0.118%	$283K	$277K	50x	as long as short