TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0182%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.012%

Price spread now: Extended against Kraken Futures−0.400%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)+0.325%+$33 · spread now −0.400%, 7d avg −0.118%

Together, before fees+0.390%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.283% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.118%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.065%, 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	Kraken Futures PF_TRUMPUSD	2.1902	0.0286	pay 0.0036% / 1h	50m 51s	$1.3M	$2.2M	50x
Short	Extended TRUMP-USD	2.1814	0.0104	get 0.0013% / 1h	50m 51s	$116K	$705K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.400%Rate

Funding earned: −$38.32
Price spread: −0.400% → −0.118%: −$28.28
Slippage, 4 orders: −$39.77
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$121.36
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Extended: live order book, 12 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, 3 min ago	4.57 bp	22.5 bp −$23	33.5 bp −$335	doesn't fit	doesn't fit
Sell Extended live order book, 12 min ago	4.56 bp	7.7 bp −$8	28.1 bp −$281	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1659%	1h	2.1770	−0.602%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1851	−0.233%	$5	—	10x	as long as short
Lighter TRUMP	−0.0120%	1h	2.1861	−0.186%	$974K	$791K	10x	as long as short
Gate TRUMP_USDT	−0.0110%	4h	2.1810	−0.419%	$7.7M	$49.1M	75x	as long as short
SoDEX TRUMP-USD	−0.0041%	1h	2.1865	−0.168%	$85	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1841	−0.279%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1861	−0.186%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1857	−0.204%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	−0.430%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0054%	8h	2.1839	−0.285%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0083%	4h	2.1850	−0.237%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1827	−0.339%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1866	−0.163%	$432K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1850	−0.238%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1804	−0.448%	$63.3M	$234.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	−0.465%	$31.3M	$48.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	−0.374%	$28.3M	$168.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1810	−0.419%	$428K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	−0.282%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	−0.374%	$15.7M	$24.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1883	−0.086%	$259K	$314K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	−0.325%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.191%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	−0.145%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	−0.145%	$535K	$2.0M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.1814	−0.400%	$116K	$705K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	−0.281%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1857	−0.205%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0286%	1h	2.1902	long leg	$1.3M	$2.2M	50x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.448%	$285K	$303K	50x	as long as short