TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.085%

Price spread now: Coinbase International against Pacifica−0.070%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.070%, 7d avg +0.062%

Together, before fees+0.102%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.132% cheaper against Pacifica than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1425	0.0100	pay 0.0013% / 1h	37m 16s	$184K	$54K	10x
Short	Coinbase International TRUMP-PERP-INTX	2.1410	0.0056	get 0.0007% / 1h	37m 16s	$170K	$464K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Pacifica. 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 PacificabpFee Coinbase InternationalbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$9.24
Price spread: −0.070% → +0.062%: −$13.2
Slippage, 4 orders: −$38.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$79.19
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Pacifica: live order book, 66 min ago; Coinbase International: 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 Pacifica live order book, 66 min ago	6.55 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	7.01 bp	12.0 bp −$12	16.1 bp −$161	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	−0.537%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0301%	1h	2.1395	−0.140%	$80	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1396	−0.134%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1407	−0.084%	$403K	$81K	10x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1381	−0.205%	$934K	$1.0M	10x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1389	−0.166%	$76K	$492K	25x	as long as short
Binance TRUMPUSDT	−0.0167%	4h	2.1390	−0.163%	$60.6M	$251.3M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0161%	4h	2.1390	−0.163%	$26.6M	$183.7M	50x	as long as short
Variational Omni TRUMP	−0.0138%	4h	2.1531	+0.494%	$665K	$423K	—	as long as short
Bybit TRUMPUSDT	−0.0116%	4h	2.1390	−0.163%	$30.5M	$52.4M	50x	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	2.1390	−0.163%	$7.6M	$53.2M	75x	as long as short
edgeX TRUMPUSDC	−0.0081%	4h	2.1453	+0.129%	$105K	$252K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0079%	8h	2.1421	−0.017%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1400	−0.117%	$5K	$269K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1438	+0.060%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1454	+0.137%	$40K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0036%	4h	2.1410	−0.070%	$4.1M	$10.9M	50x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1386	−0.182%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTXshort	+0.0056%	1h	2.1410	−0.070%	$170K	$464K	50x
BloFin TRUMP-USDT	+0.0073%	4h	2.1390	−0.163%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1428	+0.014%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1418	−0.035%	$402K	$778K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1425	long leg	$184K	$54K	10x
MEXC TRUMP_USDC	+0.0100%	4h	2.1400	−0.117%	$398K	$147K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	−0.117%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1469	+0.204%	$172K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1420	−0.023%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	−0.070%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1411	−0.068%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0305%	1h	2.1449	+0.112%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0600%	1h	2.1422	−0.013%	$1.3M	$2.3M	50x	as long as short