TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0468%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h +0.067%

Price spread now: Backpack against Extended+0.215%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.424%+$42 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.215%, 7d avg +0.136%

Together, before fees+0.273%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Backpack is 0.079% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1440	−0.0184	get 0.0023% / 1h	15m 47s	$74K	$496K	25x
Short	Backpack TRUMP_USDC_PERP	2.1486	0.0284	get 0.0036% / 1h	15m 47s	$383K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.215%Rate

Funding earned: $98.37
Price spread: +0.215% → +0.136%: $7.9
Slippage, 4 orders: −$18.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: $73.04
Costs to cover: 0.332%
Break-even: 1.8 days

Slippage from Extended: live order book, 22 min ago; Backpack: live order book, 23 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 Extended live order book, 22 min ago	7.01 bp	10.1 bp −$10	33.0 bp −$330	doesn't fit	doesn't fit
Sell Backpack live order book, 23 min ago	0.23 bp	6.2 bp −$6	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	−0.1797%	1h	2.1290	−0.699%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0335%	1h	2.1456	+0.075%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	+0.008%	$5	—	10x	as long as short
Variational Omni TRUMP	−0.0226%	4h	2.1452	+0.055%	$662K	$423K	—	as long as short
Lighter TRUMP	−0.0200%	1h	2.1454	+0.066%	$938K	$1.0M	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0192%	4h	2.1440	0.000%	$26.7M	$184.0M	50x	as long as short
Extended TRUMP-USDlong	−0.0184%	1h	2.1440	long leg	$74K	$496K	25x
Binance TRUMPUSDT	−0.0183%	4h	2.1450	+0.047%	$60.6M	$250.3M	75x	as long as short
Bybit TRUMPUSDT	−0.0172%	4h	2.1440	0.000%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0169%	1h	2.1466	+0.122%	$404K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0110%	4h	2.1460	+0.094%	$7.7M	$53.4M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0098%	8h	2.1459	+0.087%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0091%	4h	2.1431	−0.040%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0068%	4h	2.1460	+0.094%	$5K	$277K	10x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1476	+0.170%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1472	+0.149%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1450	+0.047%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	0.000%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.513%	$167K	$479K	50x	as long as short
BloFin TRUMP-USDT	+0.0057%	4h	2.1470	+0.140%	$4.1M	$688K	75x	as long as short
Bitget TRUMPUSDT	+0.0086%	4h	2.1470	+0.140%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	+0.159%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1460	+0.095%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1482	+0.196%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	+0.047%	$399K	$148K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1450	+0.047%	$173K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.187%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.140%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1477	+0.171%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0284%	1h	2.1486	+0.215%	$383K	$419K	10x
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1488	+0.225%	$1.3M	$2.3M	50x	as long as short