TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.121%

Price spread now: Deribit against Coinbase International+0.019%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.380%−$38 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.019%, 7d avg −0.059%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.078% dearer against Coinbase International than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.059%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.380% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1580	0.0472	pay 0.0059% / 1h	12m 46s	$279K	$276K	50x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1584	0	get 0.0000% / 1h	12m 46s	$406K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$99.12
Price spread: +0.019% → −0.059%: $7.79
Slippage, 4 orders: −$75.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$183.37
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 45 min ago; Deribit: live order book, 46 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 Coinbase International live order book, 45 min ago	16.32 bp	24.0 bp −$24	64.6 bp −$646	doesn't fit	doesn't fit
Sell Deribit live order book, 46 min ago	7.68 bp	21.3 bp −$21	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	−0.1690%	1h	2.1420	−0.741%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1567	−0.063%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0102%	1h	2.1575	−0.023%	$94	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0044%	4h	2.1560	−0.093%	$7.6M	$51.1M	75x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1531	−0.226%	$665K	$488K	—	as long as short
Lighter TRUMP	−0.0024%	1h	2.1552	−0.130%	$954K	$957K	10x	as long as short
Extended TRUMP-USD	−0.0016%	1h	2.1549	−0.143%	$74K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0016%	4h	2.1552	−0.132%	$60.5M	$241.8M	75x	as long as short
edgeX TRUMPUSDC	−0.0005%	4h	2.1545	−0.160%	$105K	$265K	20x	as long as short
dYdX TRUMP-USD	−0.0002%	1h	2.1566	−0.065%	$27K	$512	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1584	+0.019%	$406K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1574	−0.027%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0037%	8h	2.1554	−0.121%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1570	−0.046%	$4K	$202K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1566	−0.066%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1584	+0.018%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1579	−0.005%	$423K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1573	−0.032%	$186K	$53K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1560	−0.093%	$30.6M	$49.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1550	−0.139%	$27.3M	$173.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1560	−0.093%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1570	−0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1570	−0.046%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1598	+0.083%	$339K	$361K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1529	−0.236%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1600	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1590	+0.046%	$504K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1579	−0.003%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1603	+0.109%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0224%	4h	2.1570	−0.046%	$4.2M	$684K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0472%	1h	2.1580	long leg	$279K	$276K	50x