TRUMP

Alert

Funding spread now, next payment 19:00 UTC+0.0457%/8h

next payment, per $10,000+$0.57paid, last 24h−0.023%paid, last 7 days+0.127%to open and close $10k−$51

Long on Kraken Futures Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 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	Kraken Futures PF_TRUMPUSD	2.1445	−0.0357	get 0.0045% / 1h	49m 42s	$1.0M	$2.0M	50x
Short	Hyperliquid TRUMP	2.1434	0.0100	get 0.0013% / 1h	49m 42s	$13.6M	$7.3M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersRate

Funding earned: $96.04
Slippage, 4 orders: −$31.56
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $45.48
Break-even: 3.7 days

Slippage from Kraken Futures: live order book, 5 min ago; Hyperliquid: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.050%
Avg gap 7d: −0.033%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 5 min ago	4.67 bp	18.7 bp −$19	30.4 bp −$304	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.70 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit

TRUMP on 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1702%	1h	$12K	$81K	12x	as long as short
Kraken Futures PF_TRUMPUSDlong	−0.0357%	1h	$1.0M	$2.0M	50x
Lighter TRUMP	−0.0312%	1h	$958K	$578K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	$5	—	10x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	$402K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	$54K	—	150x	as long as short
Gate TRUMP_USDT	+0.0016%	4h	$7.4M	$43.9M	75x	as long as short
SoDEX TRUMP-USD	+0.0045%	1h	$81	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	$117K	$242K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	+0.0058%	8h	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0093%	4h	$3K	$249K	10x	as long as short
Hyperliquid TRUMPshort	+0.0100%	1h	$13.6M	$7.3M	10x
Aster TRUMPUSDT	+0.0100%	4h	$421K	$850K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	$185K	$70K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	$61.3M	$207.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	$29.7M	$40.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	$26.4M	$142.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	$472K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	$4.2M	$9.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	$15.1M	$19.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	$666K	$230K	—	as long as short
SunX TRUMP-USDT	+0.0100%	4h	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	$493K	$1.6M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	$73K	$472K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0228% / S −0.0259%	1h	$11K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	$253K	$265K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	$4.2M	$446K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	$274K	$392K	50x	as long as short