TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0452%/8h= +49.5% APRnext payment +$0.56 per $10,000 · paid last 24h +0.083%

Price spread now: Backpack against gTrade (Gains Network)+0.595%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and Backpack is 0.595% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$60 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	gTrade (Gains Network) TRUMP/USD	2.2345	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	6m 14s	$42K	—	150x
Short	Backpack TRUMP_USDC_PERP	2.2478	0.0460	get 0.0058% / 1h	6m 14s	$265K	$302K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.595%Rate

Funding earned: $94.87
Price spread: +0.595% → 0.000%: $59.52
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $134.39
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.22 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1608%	1h	2.2320	−0.112%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2361	+0.071%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0108%	1h	2.2326	−0.085%	$419K	$78K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2456	+0.495%	$28K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.2345	long leg	$42K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.2462	+0.524%	$109K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0089%	8h	2.2420	+0.335%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2330	−0.067%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2383	+0.170%	$992K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2375	+0.132%	$467K	$837K	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	2.2452	+0.481%	$195K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2382	+0.164%	$64.8M	$228.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2380	+0.157%	$31.8M	$45.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2380	+0.157%	$28.3M	$162.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2340	−0.022%	$7.9M	$49.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2370	+0.112%	$482K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2360	+0.067%	$4.4M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2390	+0.201%	$16.2M	$22.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	−0.108%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2470	+0.559%	$190K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2360	+0.067%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2355	+0.045%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2400	+0.246%	$581K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2309	−0.159%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2314	−0.141%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0111%	1h	2.2401	+0.251%	$14.6M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2340	−0.022%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2450	+0.470%	$4.4M	$675K	75x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0460%	1h	2.2478	+0.595%	$265K	$302K	10x
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2440	+0.425%	$298K	$252K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0770%	1h	2.2391	+0.208%	$1.3M	$2.6M	50x	as long as short