TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.124%

Price spread now: Coinbase International against Deribit−0.192%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.192%, 7d avg +0.051%

Together, before fees+0.577%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.242% cheaper against Deribit than usual: you would sell low and buy high (spread −0.192% now, against its 7-day average of +0.051%). If the spread goes back, that is −$24 on $10k: about 2.5 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1401	−0.0264	get 0.0033% / 1h	56m 54s	$403K	$81K	10x
Short	Coinbase International TRUMP-PERP-INTX	2.1360	0.0056	get 0.0007% / 1h	56m 54s	$173K	$454K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.192%Rate

Funding earned: $67.14
Price spread: −0.192% → +0.051%: −$24.21
Slippage, 4 orders: −$27.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1.64
Costs to cover: 0.446%
Break-even: 7.2 days

Slippage from Deribit: live order book, 47 min ago; Coinbase International: 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 Deribit live order book, 47 min ago	8.18 bp	13.5 bp −$14	24.6 bp −$246	doesn't fit	doesn't fit
Sell Coinbase International live order book, 46 min ago	4.68 bp	9.7 bp −$10	14.2 bp −$142	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	−0.1797%	1h	2.1310	−0.425%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0276%	1h	2.1387	−0.065%	$82	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	−0.0264%	1h	2.1401	long leg	$403K	$81K	10x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1371	−0.138%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1376	−0.117%	$60.5M	$250.9M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1384	−0.080%	$74K	$493K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0125%	4h	2.1370	−0.145%	$26.5M	$183.7M	50x	as long as short
Variational Omni TRUMP	−0.0118%	4h	2.1401	+0.001%	$661K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1390	−0.051%	$7.6M	$53.1M	75x	as long as short
edgeX TRUMPUSDC	−0.0082%	4h	2.1403	+0.010%	$104K	$254K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0065%	4h	2.1370	−0.145%	$30.3M	$52.6M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0048%	4h	2.1400	−0.005%	$5K	$261K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0039%	8h	2.1384	−0.079%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1387	−0.065%	$935K	$1.0M	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1406	+0.024%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1404	+0.015%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1383	−0.086%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0056%	1h	2.1360	−0.192%	$173K	$454K	50x
KuCoin TRUMPUSDTM	+0.0068%	4h	2.1390	−0.051%	$4.1M	$11.0M	50x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1380	−0.098%	$4.1M	$699K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1407	+0.028%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1408	+0.033%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1410	+0.044%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	−0.098%	$397K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	−0.098%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1414	+0.059%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	−0.005%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	+0.042%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1402	+0.006%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0211%	1h	2.1418	+0.079%	$379K	$417K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1418	+0.081%	$1.3M	$2.3M	50x	as long as short