TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.018%

Price spread now: Lighter against Pacifica−0.175%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.175%, 7d avg −0.021%

Together, before fees+0.061%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.154% cheaper against Pacifica than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1931	0.0100	pay 0.0013% / 1h	23m 46s	$189K	$59K	10x
Short	Lighter TRUMP	2.1893	0.0096	get 0.0012% / 1h	23m 46s	$973K	$680K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$0.84
Price spread: −0.175% → −0.021%: −$15.36
Slippage, 4 orders: −$31.55
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$55.76
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Pacifica: live order book, 59 min ago; Lighter: live order book, 57 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, 59 min ago	7.08 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 57 min ago	1.14 bp	6.0 bp −$6	26.6 bp −$266	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	−0.1472%	1h	2.1750	−0.827%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1897	−0.156%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1937	+0.025%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1901	−0.138%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1905	−0.121%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1823	−0.494%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1890	−0.189%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.1926	−0.026%	$5K	—	5x	as long as short
Lighter TRUMPshort	+0.0096%	1h	2.1893	−0.175%	$973K	$680K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1901	−0.138%	$14.0M	$7.4M	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	2.1908	−0.109%	$457K	$833K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1931	long leg	$189K	$59K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1881	−0.228%	$62.4M	$219.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1880	−0.234%	$30.4M	$43.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	−0.234%	$26.9M	$150.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	−0.189%	$7.4M	$47.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	−0.280%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	−0.143%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	−0.189%	$15.4M	$21.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.361%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.326%	$183K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1920	−0.052%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	−0.166%	$72	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.039%	$534K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1891	−0.185%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1890	−0.191%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1901	−0.136%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	−0.097%	$4.2M	$516K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0387%	1h	2.1919	−0.056%	$262K	$273K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1920	−0.052%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1926	−0.027%	$1.3M	$2.5M	50x	as long as short