TRUMP Funding Rate — live across 15 venues
Compared across 15 supported venues · net of estimated fees · updated every few minutes
Live annualized TRUMP perpetual funding across all 15 venues Perpia tracks. Right now TRUMP funding is positive on 11 and negative on 4, ranging from +10.9% on BackPack to -25.8% on Binance — a spread of 36.7%. The widest delta-neutral trade is long Extended / short Lighter at 34.1% net APR.
TRUMP funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
TRUMP funding rate by venue
50 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| BackPack↗ | +10.9% | 1h |
| OKX↗ | +10.9% | 4h |
| KuCoin↗ | +10.9% | 4h |
| Bitget↗ | +10.9% | 4h |
| Bybit↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| Pacifica↗ | +10.9% | 1h |
| Lighter↗ | +10.5% | 8h |
| Gate.io↗ | +10.1% | 4h |
| Aster↗ | +2.7% | 4h |
| GMTrade↗ | +2.6% | 1h |
| Variational↗ | -4.6% | 4h |
| Sodex↗ | -19.4% | 1h |
| Extended↗ | -25.4% | 1h |
| Binance↗ | -25.8% | 4h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Extended vs Lighter page.
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TRUMP funding — FAQ
Is TRUMP funding positive right now?
TRUMP perpetual funding is positive on 11 of 15 venues Perpia tracks and negative on 4. The highest is +10.9% on BackPack; the lowest is -25.8% on Binance.
What is the best TRUMP funding arbitrage right now?
Go long Extended and short Lighter for about 34.1% net APR after fees — the widest delta-neutral TRUMP spread Perpia currently sees.
Which exchange has the highest TRUMP funding rate?
BackPack, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How TRUMP funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to TRUMP
Markets also quoted on both Extended and Lighter — the same two exchanges you would already have funded for the TRUMP trade.
See every spread between them on the Extended vs Lighter page.