TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h −0.020%

Price spread now: Lighter against Extended+0.148%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.148%, 7d avg +0.040%

Together, before fees+0.029%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.108% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1739	−0.0048	get 0.0006% / 1h	41m 38s	$75K	$722K	25x
Short	Lighter TRUMP	2.1771	0.0096	get 0.0012% / 1h	41m 38s	$964K	$968K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.148%Rate

Funding earned: $30.24
Price spread: +0.148% → +0.040%: $10.77
Slippage, 4 orders: −$31.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.39
Costs to cover: 0.366%
Break-even: 6.0 days

Slippage from Extended: live order book, 11 min ago; Lighter: 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 Extended live order book, 11 min ago	6.89 bp	9.8 bp −$10	32.1 bp −$321	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	0.92 bp	10.7 bp −$11	36.2 bp −$362	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	2.1740	+0.006%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	+0.196%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0243%	4h	2.1760	+0.098%	$30.8M	$50.0M	50x	as long as short
SoDEX TRUMP-USD	−0.0151%	1h	2.1780	+0.190%	$95	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0117%	1h	2.1796	+0.263%	$410K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0060%	4h	2.1760	+0.098%	$7.8M	$51.2M	75x	as long as short
Binance TRUMPUSDT	−0.0050%	4h	2.1770	+0.144%	$61.6M	$244.6M	75x	as long as short
Extended TRUMP-USDlong	−0.0048%	1h	2.1739	long leg	$75K	$722K	25x
Variational Omni TRUMP	−0.0022%	4h	2.1801	+0.287%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0022%	4h	2.1861	+0.562%	$107K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1786	+0.218%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1804	+0.300%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0035%	4h	2.1780	+0.190%	$4K	$173K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1737	−0.006%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1770	+0.145%	$19K	—	3x	as long as short
Lighter TRUMPshort	+0.0096%	1h	2.1771	+0.148%	$964K	$968K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1789	+0.231%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1785	+0.211%	$426K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1773	+0.157%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1740	+0.006%	$27.8M	$178.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1770	+0.144%	$408K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1790	+0.236%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.052%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	+0.466%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.328%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	+0.328%	$508K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1810	+0.327%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1808	+0.320%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0194%	4h	2.1880	+0.650%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0392%	1h	2.1815	+0.351%	$342K	$374K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1790	+0.236%	$282K	$279K	50x	as long as short