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: Extended against Lighter−0.285%7-day average −0.040% · 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−$61as in the Price arb table

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

Long on Lighter Short on Extended

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)+0.221%+$22 · spread now −0.285%, 7d avg −0.040%

Together, before fees+0.108%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.244% cheaper against Lighter than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.1841	0.0096	pay 0.0012% / 1h	42m 14s	$967K	$968K	10x
Short	Extended TRUMP-USD	2.1779	−0.0048	pay 0.0006% / 1h	42m 14s	$75K	$722K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −0.285%Rate

Funding earned: −$30.24
Price spread: −0.285% → −0.040%: −$24.44
Slippage, 4 orders: −$31.62
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$91.3
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; Extended: live order book, 11 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 Lighter live order book, 8 min ago	0.92 bp	6.2 bp −$6	33.2 bp −$332	doesn't fit	doesn't fit
Sell Extended live order book, 11 min ago	6.89 bp	9.9 bp −$10	32.2 bp −$322	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	−0.462%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1781	−0.273%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0151%	1h	2.1780	−0.279%	$95	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0143%	4h	2.1790	−0.234%	$30.8M	$50.0M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0117%	1h	2.1796	−0.206%	$410K	$72K	10x	as long as short
Extended TRUMP-USDshort	−0.0048%	1h	2.1779	−0.285%	$75K	$722K	25x
Binance TRUMPUSDT	−0.0046%	4h	2.1800	−0.188%	$61.7M	$244.5M	75x	as long as short
Gate TRUMP_USDT	−0.0030%	4h	2.1800	−0.188%	$7.8M	$51.2M	75x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.182%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	−0.091%	$106K	$265K	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	2.1866	+0.116%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1804	−0.169%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0035%	4h	2.1780	−0.279%	$4K	$173K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1816	−0.116%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1770	−0.323%	$19K	—	3x	as long as short
Lighter TRUMPlong	+0.0096%	1h	2.1841	long leg	$967K	$968K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1809	−0.147%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1828	−0.059%	$427K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1838	−0.012%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.279%	$27.9M	$178.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.188%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1820	−0.096%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.234%	$15.9M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1840	−0.005%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	−0.142%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	−0.142%	$508K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1810	−0.143%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1808	−0.150%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0194%	4h	2.1880	+0.179%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1790	−0.234%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0408%	1h	2.1910	+0.316%	$344K	$374K	10x	as long as short