TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2163%/8h= +236.8% APRnext payment +$2.70 per $10,000 · paid last 24h +0.606%

Price spread now: Coinbase International against Injective+0.139%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1431.432% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.636%+$64 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.139%, 7d avg +0.133%

Together, before fees+0.687%+$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.133%, so right now this pair is about funding alone: +$65 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.636% in total (about 33.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.70 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	Injective TRUMP/USDC PERP	2.1620	−0.1659	get 0.0207% / 1h	26m 51s	$13K	$157K	12x
Short	Coinbase International TRUMP-PERP-INTX	2.1650	0.0504	get 0.0063% / 1h	26m 51s	$280K	$297K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +0.139%Rate

Funding earned: $454.16
Price spread: +0.139% → +0.133%: $0.57
Slippage, 4 orders: −$133.19
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $311.53
Costs to cover: 1.432%
Break-even: 2.2 days

Slippage from Injective: live order book, 22 min ago; Coinbase International: live order book, 36 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 Injective live order book, 22 min ago	48.42 bp	48.4 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 36 min ago	15.93 bp	25.4 bp −$25	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 PERPlong	−0.1659%	1h	2.1620	long leg	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1696	+0.351%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0070%	4h	2.1710	+0.416%	$7.6M	$50.0M	75x	as long as short
Lighter TRUMP	−0.0040%	1h	2.1687	+0.310%	$965K	$795K	10x	as long as short
SoDEX TRUMP-USD	−0.0002%	1h	2.1695	+0.347%	$83	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1745	+0.580%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1705	+0.393%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1714	+0.436%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0040%	8h	2.1698	+0.359%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0050%	4h	2.1710	+0.416%	$31.0M	$48.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1802	+0.841%	$106K	$262K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0074%	4h	2.1700	+0.370%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1742	+0.564%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1729	+0.502%	$430K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1728	+0.498%	$187K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1720	+0.463%	$62.8M	$237.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1710	+0.416%	$27.4M	$170.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1710	+0.416%	$416K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1740	+0.555%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1730	+0.509%	$15.5M	$25.1M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1732	+0.518%	$254K	$319K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.974%	$685K	$453K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1750	+0.602%	$177K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1730	+0.509%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1740	+0.555%	$532K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1714	+0.436%	$115K	$706K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1685	+0.301%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1708	+0.406%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1728	+0.498%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1700	+0.370%	$4.2M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0504%	1h	2.1650	+0.139%	$280K	$297K	50x