TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.103%

Price spread now: Coinbase International against Kraken Futures+0.552%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$900.895% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 3 days (all we have)−0.624%−$62 · spread now +0.552%, 7d avg +0.009%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.543% dearer against Kraken Futures than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1979	0.0514	pay 0.0064% / 1h	37m 29s	$1.3M	$2.3M	50x
Short	Coinbase International TRUMP-PERP-INTX	2.2100	0.0536	get 0.0067% / 1h	37m 29s	$286K	$307K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now +0.552%Rate

Funding earned: $4.69
Price spread: +0.552% → +0.009%: $54.28
Slippage, 4 orders: −$69.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$30.57
Costs to cover: 0.895%
Break-even: 52.6 days

Slippage from Kraken Futures: live order book, 1 min ago; Coinbase International: live order book, 30 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 Kraken Futures live order book, 1 min ago	4.54 bp	22.2 bp −$22	44.0 bp −$440	doesn't fit	doesn't fit
Sell Coinbase International live order book, 30 min ago	17.81 bp	24.1 bp −$24	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	−0.1623%	1h	2.1980	+0.006%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2062	+0.377%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0023%	1h	2.1974	−0.022%	$414K	$80K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2087	+0.495%	$28K	$512	5x	as long as short
Gate TRUMP_USDT	+0.0008%	4h	2.2070	+0.415%	$7.8M	$48.8M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1995	+0.073%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	+0.400%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2084	+0.478%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1980	+0.006%	$3K	$237K	10x	as long as short
SoDEX TRUMP-USD	+0.0094%	1h	2.1958	−0.095%	$80	$6K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	+0.0096%	1h	2.2061	+0.374%	$980K	$789K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2082	+0.470%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2062	+0.378%	$436K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2088	+0.498%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2068	+0.405%	$64.1M	$236.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2060	+0.370%	$31.6M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2060	+0.370%	$28.9M	$170.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2080	+0.461%	$440K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2110	+0.597%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2080	+0.461%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.422%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	+0.444%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2010	+0.142%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2010	+0.142%	$564K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2070	+0.413%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1917	−0.279%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.1991	+0.056%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	2.1984	+0.024%	$257K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+1.143%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0514%	1h	2.1979	long leg	$1.3M	$2.3M	50x
Coinbase International TRUMP-PERP-INTXshort	+0.0536%	1h	2.2100	+0.552%	$286K	$307K	50x