TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.012%

Price spread now: Kraken Futures against Extended+0.273%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 3 days (all we have)−0.198%−$20 · spread now +0.273%, 7d avg +0.118%

Together, before fees−0.262%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.155% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.118%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TRUMP-USD	2.1724	0.0104	pay 0.0013% / 1h	47m 43s	$115K	$705K	25x
Short	Kraken Futures PF_TRUMPUSD	2.1784	0.0288	get 0.0036% / 1h	47m 43s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.273%Rate

Funding earned: $38.64
Price spread: +0.273% → +0.118%: $15.49
Slippage, 4 orders: −$39.78
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.65
Costs to cover: 0.548%
Break-even: 7.1 days

Slippage from Extended: live order book, 15 min ago; Kraken Futures: live order book, 1 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, 15 min ago	4.56 bp	7.7 bp −$8	31.5 bp −$315	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	6.89 bp	19.7 bp −$20	35.1 bp −$351	doesn't fit	doesn't fit

TRUMP on 30 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	−0.1659%	1h	2.1620	−0.480%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1746	+0.100%	$5	—	10x	as long as short
Lighter TRUMP	−0.0152%	1h	2.1739	+0.067%	$968K	$792K	10x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1740	+0.072%	$7.6M	$49.3M	75x	as long as short
SoDEX TRUMP-USD	−0.0034%	1h	2.1745	+0.095%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1756	+0.145%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1752	+0.127%	$409K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1754	+0.137%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0049%	8h	2.1737	+0.060%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.384%	$106K	$263K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0081%	4h	2.1740	+0.072%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1767	+0.196%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1750	+0.118%	$430K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1749	+0.113%	$187K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1741	+0.076%	$63.0M	$235.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	+0.026%	$31.1M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1720	−0.020%	$27.8M	$169.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1730	+0.026%	$427K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1750	+0.118%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1740	+0.072%	$15.6M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1771	+0.215%	$256K	$317K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.490%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1850	+0.578%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	+0.256%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.302%	$533K	$2.0M	50x	as long as short
Extended TRUMP-USDlong	+0.0104%	1h	2.1724	long leg	$115K	$705K	25x
Aevo TRUMP-PERP	+0.0104%	1h	2.1735	+0.049%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1751	+0.125%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0288%	1h	2.1784	+0.273%	$1.3M	$2.2M	50x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	−0.066%	$281K	$300K	50x	as long as short