TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0420%/8h= −46.0% APRnext payment −$0.53 per $10,000 · paid last 24h −0.026%

Price spread now: Extended against Pacifica−0.048%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Pacifica Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.048%, 7d avg −0.065%

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

The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: −$13 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 -0.237% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1468	0.0100	pay 0.0013% / 1h	48m 49s	$185K	$54K	10x
Short	Extended TRUMP-USD	2.1458	−0.0320	pay 0.0040% / 1h	48m 49s	$74K	$491K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$88.2
Price spread: −0.048% → −0.065%: $1.67
Slippage, 4 orders: −$39.34
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$138.87
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Pacifica: live order book, 62 min ago; Extended: live order book, 62 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, 62 min ago	7.22 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	4.66 bp	7.7 bp −$8	30.6 bp −$306	doesn't fit	doesn't fit

TRUMP on 32 exchanges

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
Variational Omni TRUMP	−0.0404%	4h	2.1470	+0.006%	$667K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0393%	4h	2.1470	+0.008%	$31.3M	$48.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0356%	1h	2.1475	+0.032%	$73	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0340%	4h	2.1460	−0.038%	$27.3M	$172.8M	50x	as long as short
Extended TRUMP-USDshort	−0.0320%	1h	2.1458	−0.048%	$74K	$491K	25x
Binance TRUMPUSDT	−0.0320%	4h	2.1466	−0.008%	$63.0M	$237.3M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1460	−0.038%	$131K	$515K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0262%	1h	2.1480	+0.055%	$386K	$78K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1470	+0.007%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0242%	4h	2.1470	+0.008%	$7.8M	$47.2M	75x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0177%	8h	2.1464	−0.018%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0160%	1h	2.1470	+0.008%	$923K	$952K	10x	as long as short
edgeX TRUMPUSDC	−0.0158%	4h	2.1471	+0.015%	$105K	$254K	20x	as long as short
MEXC TRUMP_USDC	−0.0152%	4h	2.1450	−0.085%	$388K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	−0.0126%	4h	2.1470	+0.008%	$4.2M	$10.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0084%	4h	2.1460	−0.038%	$5K	$303K	10x	as long as short
BloFin TRUMP-USDT	−0.0080%	4h	2.1480	+0.055%	$4.4M	$675K	75x	as long as short
Bitget TRUMPUSDT	−0.0024%	4h	2.1470	+0.008%	$15.4M	$25.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1495	+0.125%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	0.0000%	1h	2.1459	−0.041%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1537	+0.320%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1508	+0.183%	$1.3M	$1.9M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.614%	$13K	$157K	12x	as long as short
GRVT TRUMP_USDT_Perp	+0.0036%	4h	2.1520	+0.242%	$177K	$4.1M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1491	+0.106%	$13.6M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1470	+0.008%	$405K	$644K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1468	long leg	$185K	$54K	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.102%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.102%	$498K	$2.4M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1490	+0.102%	$149K	$358K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0183%	1h	2.1506	+0.176%	$381K	$395K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0195% / S −0.0191%	1h	2.1499	+0.142%	$11K	—	100x	as long as short