TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0350%/8h= −38.3% APRnext payment −$0.44 per $10,000 · paid last 24h −0.089%

Price spread now: dYdX against Backpack−0.073%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on dYdX

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 against this trade now: funding costs −$10 a day on $10k at the current rate, and dYdX is 0.073% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRUMP_USDC_PERP	2.1833	0.0350	pay 0.0044% / 1h	31m 15s	$261K	$270K	10x
Short	dYdX TRUMP-USD	2.1817	0	get 0.0000% / 1h	31m 15s	$27K	$485	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$73.47
Price spread: −0.073% → 0.000%: −$7.25
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$100.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 52 min ago; dYdX: no order-book sample. 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 Backpack live order book, 52 min ago	0.23 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1472%	1h	2.1810	−0.105%	$32K	$147K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1802	−0.141%	$5	—	10x	as long as short
dYdX TRUMP-USDshort	0.0000%	1h	2.1817	−0.073%	$27K	$485	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1788	−0.206%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1807	−0.120%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1847	+0.065%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1780	−0.243%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.1816	−0.079%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1777	−0.256%	$969K	$675K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1825	−0.037%	$14.0M	$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	2.1810	−0.105%	$454K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1821	−0.053%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1790	−0.197%	$62.1M	$218.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1790	−0.197%	$30.4M	$43.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.197%	$26.7M	$149.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1800	−0.151%	$7.3M	$47.2M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1800	−0.151%	$479K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	−0.105%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.197%	$15.4M	$20.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	+0.089%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	−0.151%	$178K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	−0.014%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1786	−0.215%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1800	−0.151%	$531K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1781	−0.237%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1793	−0.185%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1801	−0.146%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1810	−0.105%	$4.2M	$513K	75x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0350%	1h	2.1833	long leg	$261K	$270K	10x
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.124%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0524%	1h	2.1809	−0.109%	$1.3M	$2.5M	50x	as long as short