TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h +0.004%

Price spread now: Kraken Futures against Pacifica+0.124%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.124%, 7d avg +0.053%

Together, before fees−0.536%+ Points / potential airdropPacifica: Active · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.071% dearer against Pacifica than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of +0.053%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TRUMP	2.1677	0.0100	pay 0.0013% / 1h	57m 38s	$186K	$54K	10x
Short	Kraken Futures PF_TRUMPUSD	2.1704	0.0015	get 0.0002% / 1h	57m 38s	$1.3M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$17.76
Price spread: +0.124% → +0.053%: $7.11
Slippage, 4 orders: −$65.05
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$93.7
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from Pacifica: live order book, 35 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 Pacifica live order book, 35 min ago	8.65 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	4.61 bp	19.7 bp −$20	34.2 bp −$342	doesn't fit	doesn't fit

TRUMP on 32 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	−0.1841%	1h	2.1600	−0.355%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0527%	1h	2.1660	−0.078%	$69	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0341%	4h	2.1660	−0.078%	$31.3M	$50.5M	50x	as long as short
Variational Omni TRUMP	−0.0335%	4h	2.1731	+0.249%	$675K	$419K	—	as long as short
Lighter TRUMP	−0.0304%	1h	2.1655	−0.101%	$942K	$967K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0303%	1h	2.1681	+0.018%	$389K	$73K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0249%	4h	2.1640	−0.171%	$27.3M	$180.4M	50x	as long as short
Binance TRUMPUSDT	−0.0247%	4h	2.1658	−0.088%	$63.4M	$244.2M	75x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	+0.065%	$5	—	10x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1647	−0.140%	$77K	$492K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0240%	1h	2.1680	+0.014%	$142K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0144%	8h	2.1656	−0.096%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0116%	4h	2.1747	+0.324%	$106K	$254K	20x	as long as short
Gate TRUMP_USDT	−0.0116%	4h	2.1650	−0.125%	$7.8M	$47.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0080%	4h	2.1670	−0.032%	$5K	$320K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0056%	4h	2.1650	−0.125%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0044%	1h	2.1668	−0.042%	$26K	$2K	5x	as long as short
Bitget TRUMPUSDT	−0.0004%	4h	2.1660	−0.078%	$15.3M	$26.0M	75x	as long as short
BloFin TRUMP-USDT	+0.0001%	4h	2.1690	+0.060%	$4.3M	$692K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	+0.401%	$41K	—	150x	as long as short
Kraken Futures PF_TRUMPUSDshort	+0.0015%	1h	2.1704	+0.124%	$1.3M	$2.2M	50x
Aevo TRUMP-PERP	+0.0024%	1h	2.1660	−0.078%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0048%	4h	2.1660	−0.078%	$402K	$147K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1677	+0.002%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1684	+0.031%	$412K	$651K	20x	as long as short
Pacifica TRUMPlong	+0.0100%	1h	2.1677	long leg	$186K	$54K	10x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1734	+0.261%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	+0.106%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1690	+0.060%	$501K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1670	−0.032%	$3K	$32K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0126%	1h	2.1684	+0.032%	$386K	$412K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.424%	$10K	—	100x	as long as short