TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.053%

Price spread now: Backpack against Pacifica+0.102%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Pacifica Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.102%, 7d avg +0.072%

Together, before fees+0.053%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.030% dearer against Pacifica than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1580	0.0100	pay 0.0013% / 1h	55m 38s	$186K	$54K	10x
Short	Backpack TRUMP_USDC_PERP	2.1602	0.0178	get 0.0022% / 1h	55m 38s	$382K	$397K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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 PacificabpFee BackpackbpOrdersPrice spread, now +0.102%Rate

Funding earned: $16.47
Price spread: +0.102% → +0.072%: $3.01
Slippage, 4 orders: −$33.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$32.34
Costs to cover: 0.518%
Break-even: 20.7 days

Slippage from Pacifica: live order book, 55 min ago; Backpack: live order book, 56 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 Pacifica live order book, 55 min ago	7.22 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 56 min ago	0.23 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
Variational Omni TRUMP	−0.0383%	4h	2.1569	−0.049%	$670K	$398K	—	as long as short
Bybit TRUMPUSDT	−0.0349%	4h	2.1560	−0.093%	$31.4M	$48.7M	50x	as long as short
SoDEX TRUMP-USD	−0.0338%	1h	2.1565	−0.070%	$71	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0333%	4h	2.1560	−0.093%	$27.4M	$173.9M	50x	as long as short
Binance TRUMPUSDT	−0.0313%	4h	2.1564	−0.075%	$63.3M	$238.0M	75x	as long as short
Extended TRUMP-USD	−0.0312%	1h	2.1558	−0.102%	$75K	$491K	25x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1580	0.000%	$132K	$518K	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1565	−0.071%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0218%	4h	2.1570	−0.046%	$7.8M	$47.1M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0213%	1h	2.1578	−0.009%	$387K	$78K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0177%	8h	2.1561	−0.089%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1559	−0.097%	$928K	$950K	10x	as long as short
edgeX TRUMPUSDC	−0.0155%	4h	2.1583	+0.012%	$105K	$253K	20x	as long as short
MEXC TRUMP_USDC	−0.0136%	4h	2.1550	−0.139%	$390K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	−0.0120%	4h	2.1560	−0.093%	$4.2M	$10.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1560	−0.093%	$5K	$306K	10x	as long as short
BloFin TRUMP-USDT	−0.0069%	4h	2.1590	+0.046%	$4.3M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0016%	4h	2.1580	0.000%	$15.5M	$25.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1615	+0.160%	$26K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1553	−0.126%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1611	+0.145%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1599	+0.090%	$1.3M	$2.0M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.093%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0042%	4h	2.1622	+0.197%	$172K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1579	−0.005%	$13.7M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1570	−0.046%	$406K	$644K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1580	long leg	$186K	$54K	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.093%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1590	+0.046%	$501K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1570	−0.046%	$140K	$340K	50x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0178%	1h	2.1602	+0.102%	$382K	$397K	10x
GMX TRUMP/USD [ETH-USDC]	L +0.0194% / S −0.0190%	1h	2.1587	+0.034%	$11K	—	100x	as long as short