TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0259%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h −0.061%

Price spread now: GMX against Coinbase International−0.605%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.605% cheaper against Coinbase International than usual: you would sell low and buy high (−$61 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	Coinbase International TRUMP-PERP-INTX	2.1890	0.0400	pay 0.0050% / 1h	27m 36s	$283K	$279K	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1757	L +0.0171% / S −0.0141%	get 0.0018% / 1h	27m 36s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.605%Rate

Funding earned: −$54.35
Price spread: −0.605% → 0.000%: −$60.55
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$136.89
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 25 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 Coinbase International live order book, 25 min ago	13.74 bp	23.2 bp −$23	31.7 bp −$317	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	−0.1765%	1h	2.1740	−0.685%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERP	−0.0306%	8h	2.1702	−0.861%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0258%	1h	2.1758	−0.603%	$88	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1741	−0.681%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0210%	1h	2.1745	−0.662%	$409K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0112%	4h	2.1730	−0.731%	$7.8M	$51.5M	75x	as long as short
Binance TRUMPUSDT	−0.0083%	4h	2.1710	−0.822%	$61.5M	$245.3M	75x	as long as short
Extended TRUMP-USD	−0.0080%	1h	2.1699	−0.874%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0037%	4h	2.1799	−0.414%	$106K	$263K	20x	as long as short
Variational Omni TRUMP	−0.0013%	4h	2.1871	−0.086%	$675K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0001%	1h	2.1746	−0.659%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1756	−0.610%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0024%	4h	2.1730	−0.731%	$3K	$187K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1730	−0.731%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	−0.457%	$179K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1713	−0.809%	$959K	$975K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1740	−0.685%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1730	−0.731%	$409K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1719	−0.780%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1720	−0.777%	$30.9M	$50.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1710	−0.822%	$27.8M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1720	−0.777%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1720	−0.777%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	−0.777%	$15.8M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1760	−0.594%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	−0.548%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0161%	4h	2.1800	−0.411%	$4.2M	$682K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0171% / S −0.0141%	1h	2.1757	−0.605%	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1763	−0.578%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0279%	1h	2.1749	−0.644%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0400%	1h	2.1890	long leg	$283K	$279K	50x