TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1608%/8h= −176.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.484%

Price spread now: Injective against dYdX−1.256%98s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Injective

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 −$48 a day on $10k at the current rate, and Injective is 1.256% cheaper against dYdX than usual: you would sell low and buy high (−$126 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.2006	0	get 0.0000% / 1h	35m 33s	$28K	$485	5x
Short	Injective TRUMP/USDC PERP	2.1730	−0.1608	pay 0.0201% / 1h	35m 33s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now −1.256%Rate

Funding earned: −$337.61
Price spread: −1.256% → 0.000%: −$125.64
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$473.27
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Injective: live order book, 23 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 dYdX no order-book sample	—	—	—	—	—
Sell Injective live order book, 23 min ago	41.26 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit

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 PERPshort	−0.1608%	1h	2.1730	−1.256%	$13K	$157K	12x
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1962	−0.204%	$5	—	10x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.2006	long leg	$28K	$485	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1976	−0.138%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1815	−0.870%	$119K	$249K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	+0.0069%	1h	2.1984	−0.102%	$412K	$77K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1992	−0.066%	$979K	$766K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1970	−0.166%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1990	−0.075%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2001	−0.027%	$458K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1996	−0.046%	$190K	$58K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1960	−0.211%	$62.8M	$223.4M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1970	−0.166%	$30.8M	$44.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1970	−0.166%	$27.1M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1990	−0.075%	$7.6M	$47.1M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1980	−0.120%	$476K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2010	+0.016%	$4.0M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1980	−0.120%	$15.9M	$21.9M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1972	−0.159%	$706K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1786	−1.000%	$190K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2020	+0.061%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1995	−0.052%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2040	+0.152%	$556K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1990	−0.073%	$76K	$593K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1985	−0.099%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0199%	1h	2.2014	+0.034%	$14.2M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1979	−0.123%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	−0.575%	$4.2M	$627K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0416%	1h	2.2028	+0.098%	$258K	$277K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−0.984%	$283K	$273K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0782%	1h	2.2030	+0.105%	$1.3M	$2.5M	50x	as long as short