TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Pacifica−0.207%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 3 days (all we have)+0.182%+$18 · spread now −0.207%, 7d avg +0.015%

Together, before fees−0.151%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.222% cheaper against Pacifica than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.2231	0.0100	pay 0.0013% / 1h	1m 44s	$193K	$55K	10x
Short	Deribit TRUMP_USDC-PERPETUAL	2.2185	0	get 0.0000% / 1h	1m 44s	$416K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$21
Price spread: −0.207% → +0.015%: −$22.23
Slippage, 4 orders: −$76.07
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$134.3
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from Pacifica: live order book, 6 min ago; Deribit: live order book, 7 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, 6 min ago	10.70 bp	17.6 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 7 min ago	8.90 bp	23.4 bp −$23	doesn't fit	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	−0.1608%	1h	2.2180	−0.230%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2161	−0.313%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2216	−0.068%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.2185	−0.207%	$416K	$78K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2195	−0.163%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2432	+0.904%	$109K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0083%	8h	2.2167	−0.289%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0093%	4h	2.2180	−0.230%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2139	−0.414%	$982K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2184	−0.212%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2149	−0.367%	$462K	$837K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.2231	long leg	$193K	$55K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.2162	−0.312%	$64.0M	$229.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2140	−0.410%	$31.4M	$46.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	−0.365%	$28.7M	$163.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2150	−0.365%	$7.9M	$49.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2130	−0.454%	$477K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2150	−0.365%	$4.2M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2170	−0.275%	$16.0M	$23.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	+0.404%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+0.639%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2180	−0.230%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2155	−0.342%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2220	−0.050%	$576K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2130	−0.455%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2237	+0.028%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2195	−0.163%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2210	−0.095%	$4.3M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0444%	1h	2.2170	−0.275%	$259K	$305K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	−0.005%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2182	−0.221%	$1.3M	$2.6M	50x	as long as short