TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1572%/8h= −172.1% APRnext payment −$1.96 per $10,000 · paid last 24h −0.520%

Price spread now: Injective against Pacifica−0.546%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1261.263% of the position

Long on Pacifica Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.532%−$53 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.546%, 7d avg −0.043%

Together, before fees−0.339%+ Points / potential airdropPacifica: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Injective is 0.503% cheaper against Pacifica than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.532% in total (about -27.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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	Pacifica TRUMP	2.1920	0.0100	pay 0.0013% / 1h	5m 56s	$189K	$59K	10x
Short	Injective TRUMP/USDC PERP	2.1800	−0.1472	pay 0.0184% / 1h	5m 56s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.546%Rate

Funding earned: −$330.06
Price spread: −0.546% → −0.043%: −$50.34
Slippage, 4 orders: −$118.3
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$506.72
Costs to cover: 1.263%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 min ago; Injective: live order book, 63 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, 12 min ago	4.57 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 63 min ago	34.40 bp	34.4 bp −$34	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 PERPshort	−0.1472%	1h	2.1800	−0.546%	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1927	+0.033%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1905	−0.068%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1926	+0.029%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1926	+0.028%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1888	−0.144%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1910	−0.044%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0093%	8h	2.1914	−0.026%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1913	−0.031%	$986K	$724K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1939	+0.088%	$14.1M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1929	+0.043%	$456K	$834K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1920	long leg	$189K	$59K	10x
Binance TRUMPUSDT	+0.0100%	4h	2.1890	−0.136%	$62.4M	$220.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	−0.136%	$30.5M	$43.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	−0.136%	$26.9M	$150.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	−0.044%	$7.4M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	−0.136%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1900	−0.090%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	−0.090%	$15.5M	$21.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1882	−0.172%	$692K	$270K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1911	−0.039%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1950	+0.138%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1918	−0.008%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1940	+0.092%	$529K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	−0.179%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1915	−0.022%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1930	+0.045%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1910	−0.044%	$4.2M	$626K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0341%	1h	2.1937	+0.079%	$259K	$274K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1890	−0.136%	$282K	$401K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1944	+0.112%	$1.3M	$2.5M	50x	as long as short