TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.035%

Price spread now: GMX against Backpack−0.136%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GMX is 0.136% cheaper against Backpack than usual: you would sell low and buy high, −$14 on $10k if it 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	Backpack TRUMP_USDC_PERP	2.1851	0.0189	pay 0.0024% / 1h	26m 35s	$261K	$260K	10x
Short	GMX TRUMP/USD [ETH-USDC]	2.1821	L +0.0216% / S −0.0188%	get 0.0023% / 1h	26m 35s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$0.33
Price spread: −0.136% → 0.000%: −$13.6
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$35.93
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 61 min ago; GMX: 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, 61 min ago	0.23 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1787%	1h	2.1640	−0.966%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1809	−0.191%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1828	−0.105%	$1.0M	$2.1M	50x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1839	−0.054%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1824	−0.124%	$409K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1818	−0.152%	$41K	—	150x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1830	−0.096%	$973K	$658K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1735	−0.530%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0074%	8h	2.1838	−0.061%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1810	−0.188%	$3K	$249K	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	2.1840	−0.048%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1845	−0.029%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1840	−0.050%	$62.2M	$215.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1840	−0.050%	$30.4M	$42.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	−0.096%	$26.6M	$147.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	−0.050%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1820	−0.142%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	−0.096%	$4.7M	$10.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1850	−0.005%	$15.5M	$20.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1734	−0.535%	$678K	$262K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1745	−0.487%	$186K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1840	−0.050%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1815	−0.165%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1830	−0.096%	$512K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1833	−0.084%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1804	−0.216%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0139%	1h	2.1854	+0.011%	$14.1M	$7.4M	10x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0189%	1h	2.1851	long leg	$261K	$260K	10x
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1821	−0.136%	$10K	—	100x
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1830	−0.096%	$280K	$398K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1800	−0.233%	$4.1M	$494K	75x	as long as short