TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against Deribit−0.037%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.037%, 7d avg −0.041%

Together, before fees+0.328%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TRUMP_USDC-PERPETUAL	2.1853	0	get 0.0000% / 1h	43m 58s	$411K	$72K	10x
Short	Lighter TRUMP	2.1845	0.0096	get 0.0012% / 1h	43m 58s	$968K	$967K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.037%Rate

Funding earned: $20.16
Price spread: −0.037% → −0.041%: $0.45
Slippage, 4 orders: −$36.63
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.02
Costs to cover: 0.436%
Break-even: 15.0 days

Slippage from Deribit: live order book, 10 min ago; Lighter: live order book, 6 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, 10 min ago	6.42 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.92 bp	10.7 bp −$11	36.2 bp −$362	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	−0.1765%	1h	2.1710	−0.654%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1831	−0.099%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0208%	4h	2.1870	+0.078%	$30.9M	$49.9M	50x	as long as short
Gate TRUMP_USDT	−0.0162%	4h	2.1860	+0.032%	$7.9M	$51.1M	75x	as long as short
SoDEX TRUMP-USD	−0.0107%	1h	2.1845	−0.037%	$95	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0043%	4h	2.1868	+0.067%	$61.7M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0040%	1h	2.1849	−0.018%	$75K	$722K	25x	as long as short
Variational Omni TRUMP	−0.0022%	4h	2.1801	−0.237%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1821	−0.146%	$106K	$265K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1836	−0.078%	$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-PERPETUALlong	0.0000%	1h	2.1853	long leg	$411K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1854	+0.002%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0036%	4h	2.1840	−0.059%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0039%	8h	2.1827	−0.117%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1831	−0.103%	$19K	—	3x	as long as short
Lighter TRUMPshort	+0.0096%	1h	2.1845	−0.037%	$968K	$967K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1886	+0.151%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1878	+0.113%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1815	−0.172%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1850	−0.014%	$27.9M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	+0.032%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.124%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	+0.078%	$15.8M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.243%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.032%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.078%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1873	+0.090%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1863	+0.045%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0201%	4h	2.1830	−0.105%	$4.2M	$685K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.059%	$282K	$279K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0401%	1h	2.1898	+0.206%	$344K	$374K	10x	as long as short