TRUMP

Alert

Funding spread now, next payment 19:00 UTC+0.0612%/8h

next payment, per $10,000+$0.76paid, last 24h+0.062%paid, last 7 days+0.266%to open and close $10k−$23

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 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	Lighter TRUMP	2.1565	−0.0288	get 0.0036% / 1h	2m 18s	$964K	$583K	10x
Short	Backpack TRUMP_USDC_PERP	2.1602	0.0324	get 0.0040% / 1h	2m 18s	$255K	$266K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee BackpackbpOrdersRate

Funding earned: $128.51
Slippage, 4 orders: −$12.97
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $105.54
Break-even: 1.3 days

Slippage from Lighter: live order book, 30 min ago; Backpack: live order book, 32 min ago.

Price risk

price view

Price gap now: +0.172%
Avg gap 7d: +0.093%

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 Lighter live order book, 30 min ago	1.40 bp	1.9 bp −$2	15.1 bp −$151	doesn't fit	doesn't fit
Sell Backpack live order book, 32 min ago	0.23 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_TRUMPUSD	−0.0355%	1h	$1.0M	$2.0M	50x	as long as short
Lighter TRUMPlong	−0.0288%	1h	$964K	$583K	10x
Reya TRUMPRUSDPERP	−0.0245%	1h	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0033%	1h	$81	$6K	5x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	$404K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	$41K	—	150x	as long as short
Gate TRUMP_USDT	+0.0050%	4h	$7.4M	$44.3M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	$117K	$243K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC TRUMP_USDC	+0.0052%	4h	$476K	$135K	125x	as long as short
Paradex TRUMP-USD-PERP	+0.0057%	8h	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	$3K	$249K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	$13.7M	$7.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	$423K	$804K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	$186K	$70K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	$61.7M	$207.1M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	$30.1M	$40.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	$26.7M	$143.0M	50x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	$4.4M	$9.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	$15.3M	$19.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	$670K	$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	$499K	$1.6M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	$74K	$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_PERPshort	+0.0324%	1h	$255K	$266K	10x
BloFin TRUMP-USDT	+0.0340%	4h	$4.2M	$470K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	$277K	$397K	50x	as long as short