TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0320%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.081%

Price spread now: Extended against Coinbase International−0.085%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.085%, 7d avg −0.109%

Together, before fees−0.175%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.024% dearer against Coinbase International than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.109%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.254% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.2060	0.0424	pay 0.0053% / 1h	38m 23s	$285K	$391K	50x
Short	Extended TRUMP-USD	2.2041	0.0104	get 0.0013% / 1h	38m 23s	$76K	$471K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$67.2
Price spread: −0.085% → −0.109%: $2.39
Slippage, 4 orders: −$55.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$134.95
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 40 min ago; Extended: live order book, 39 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, 40 min ago	13.70 bp	27.4 bp −$27	31.1 bp −$311	doesn't fit	doesn't fit
Sell Extended live order book, 39 min ago	6.87 bp	9.8 bp −$10	29.9 bp −$299	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	−0.1537%	1h	2.1970	−0.408%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2037	−0.103%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2027	−0.149%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2052	−0.036%	$414K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2046	−0.062%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2072	+0.055%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0091%	4h	2.2050	−0.045%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2022	−0.172%	$987K	$738K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2022	−0.171%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2040	−0.089%	$459K	$832K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2025	−0.157%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2049	−0.049%	$63.6M	$224.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2040	−0.091%	$31.1M	$44.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2050	−0.045%	$27.2M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2040	−0.091%	$7.5M	$48.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2030	−0.136%	$482K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2050	−0.045%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2050	−0.045%	$15.8M	$21.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2082	+0.101%	$648K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2096	+0.165%	$193K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2080	+0.091%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2046	−0.063%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2050	−0.045%	$564K	$1.9M	50x	as long as short
Extended TRUMP-USDshort	+0.0104%	1h	2.2041	−0.085%	$76K	$471K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.2034	−0.116%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2043	−0.079%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0335%	1h	2.2070	+0.045%	$14.2M	$7.5M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2030	−0.136%	$4.3M	$636K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0424%	1h	2.2060	long leg	$285K	$391K	50x
Backpack TRUMP_USDC_PERP	+0.0510%	1h	2.2048	−0.054%	$260K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0866%	1h	2.2070	+0.047%	$1.3M	$2.5M	50x	as long as short