TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h +0.053%

Price spread now: Backpack against Aevo+0.234%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.234% dearer against Aevo than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TRUMP-PERP	2.1315	0.0016	pay 0.0002% / 1h	20m 37s	$18K	—	3x
Short	Backpack TRUMP_USDC_PERP	2.1365	0.0194	get 0.0024% / 1h	20m 37s	$380K	$411K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.234%Rate

Funding earned: $37.43
Price spread: +0.234% → 0.000%: $23.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: $34.79
Costs to cover: 0.260%
Break-even: 0.5 days

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 28 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 28 min ago	0.23 bp	6.0 bp −$6	14.2 bp −$142	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1827%	1h	2.1150	−0.775%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0472%	1h	2.1379	+0.299%	$945K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0393%	1h	2.1328	+0.060%	$84	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0362%	4h	2.1390	+0.351%	$30.1M	$51.7M	50x	as long as short
Binance TRUMPUSDT	−0.0274%	4h	2.1391	+0.357%	$60.3M	$250.0M	75x	as long as short
Extended TRUMP-USD	−0.0272%	1h	2.1389	+0.346%	$77K	$745K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0265%	1h	2.1339	+0.112%	$402K	$72K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1362	+0.217%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0217%	8h	2.1391	+0.356%	$5K	$175	5x	as long as short
Variational Omni TRUMP	−0.0201%	4h	2.1331	+0.075%	$659K	$426K	—	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	−0.0178%	4h	2.1390	+0.351%	$7.6M	$53.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0137%	4h	2.1258	−0.270%	$104K	$264K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0082%	4h	2.1380	+0.304%	$26.8M	$181.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0050%	4h	2.1330	+0.069%	$5K	$221K	10x	as long as short
BloFin TRUMP-USDT	−0.0034%	4h	2.1340	+0.116%	$4.1M	$688K	75x	as long as short
GRVT TRUMP_USDT_Perp	−0.0026%	4h	2.1290	−0.120%	$173K	$4.7M	10x	as long as short
dYdX TRUMP-USD	−0.0017%	1h	2.1390	+0.351%	$27K	$506	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1354	+0.183%	$40K	—	150x	as long as short
Aevo TRUMP-PERPlong	+0.0016%	1h	2.1315	long leg	$18K	—	3x
Hyperliquid TRUMP	+0.0100%	1h	2.1401	+0.402%	$13.4M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1397	+0.385%	$402K	$801K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1386	+0.330%	$184K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	+0.351%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	+0.398%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.398%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1360	+0.210%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1350	+0.163%	$479K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1352	+0.171%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0194%	1h	2.1365	+0.234%	$380K	$411K	10x
Kraken Futures PF_TRUMPUSD	+0.0199%	1h	2.1352	+0.173%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1210	−0.494%	$241K	$341K	50x	as long as short