Funding you earn now, next payment 09:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.008%
Price spread now: Gate against gTrade (Gains Network)−0.202%74s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$3 a day on $10k at the current rate, and Gate is 0.202% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 74 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 | gTrade (Gains Network) TRUMP/USD | 2.1764 | L +0.0008% / S −0.0007% | pay 0.0001% / 1h | 59m 03s | $41K | — | 150x |
| Short | Gate TRUMP_USDT | 2.1720 | −0.0084 | pay 0.0042% / 4h | 2h 59m | $7.8M | $47.5M | 75x |
gTrade (Gains Network) TRUMP/USD
Gate TRUMP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.38
- Price spread: −0.202% → 0.000%
- −$20.17
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.55
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 2.30 bp | 13.5 bp −$13 | 42.6 bp −$426 | 84.5 bp −$8,453 | 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 32 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 | −0.1841% | 1h | 2.1600 | −0.753% | $13K | $157K | 12x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.0395% | 1h | 2.1705 | −0.271% | $390K | $73K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.0354% | 4h | 2.1700 | −0.294% | $31.3M | $50.5M | 50x | as long as short |
| Variational Omni TRUMP | −0.0335% | 4h | 2.1731 | −0.151% | $675K | $419K | — | as long as short |
| SoDEX TRUMP-USD | −0.0302% | 1h | 2.1695 | −0.317% | $69 | $6K | 5x | as long as short |
| Lighter TRUMP | −0.0272% | 1h | 2.1693 | −0.326% | $944K | $967K | 10x | as long as short |
| Reya TRUMPRUSDPERP | −0.0245% | 1h | 2.1691 | −0.335% | $5 | — | 10x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.0244% | 4h | 2.1700 | −0.294% | $27.5M | $180.9M | 50x | as long as short |
| Extended TRUMP-USD | −0.0240% | 1h | 2.1689 | −0.344% | $77K | $492K | 25x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.0240% | 1h | 2.1680 | −0.386% | $142K | $513K | 50x | as long as short |
Injective TRUMP/USDC PERP
Deribit TRUMP_USDC-PERPETUAL
Bybit TRUMPUSDT
Variational Omni TRUMP
SoDEX TRUMP-USD
Lighter TRUMP
Reya TRUMPRUSDPERP
OKX TRUMP-USDT-SWAP
Extended TRUMP-USD
Coinbase International TRUMP-PERP-INTXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRUMPUSDT | −0.0239% | 4h | 2.1700 | −0.293% | $63.6M | $244.9M | 75x | as long as short |
| Paradex TRUMP-USD-PERP | −0.0142% | 8h | 2.1712 | −0.241% | $5K | $175 | 5x | as long as short |
| edgeX TRUMPUSDC | −0.0116% | 4h | 2.1747 | −0.077% | $106K | $254K | 20x | as long as short |
| Gate TRUMP_USDTshort | −0.0084% | 4h | 2.1720 | −0.202% | $7.8M | $47.5M | 75x | |
| Orderly PERP_TRUMP_USDC | −0.0081% | 4h | 2.1710 | −0.248% | $5K | $319K | 10x | as long as short |
| KuCoin TRUMPUSDTM | −0.0052% | 4h | 2.1710 | −0.248% | $4.2M | $10.5M | 50x | as long as short |
| dYdX TRUMP-USD | −0.0015% | 1h | 2.1734 | −0.137% | $26K | $1K | 5x | as long as short |
| Bitget TRUMPUSDT | −0.0002% | 4h | 2.1710 | −0.248% | $15.4M | $26.1M | 75x | as long as short |
| BloFin TRUMP-USDT | +0.0001% | 4h | 2.1690 | −0.340% | $4.3M | $692K | 75x | as long as short |
| gTrade (Gains Network) TRUMP/USDlong | L +0.0008% / S −0.0007% | 1h | 2.1764 | long leg | $41K | — | 150x | |
| Kraken Futures PF_TRUMPUSD | +0.0015% | 1h | 2.1739 | −0.116% | $1.3M | $2.2M | 50x | as long as short |
| Aevo TRUMP-PERP | +0.0024% | 1h | 2.1685 | −0.363% | $19K | — | 3x | as long as short |
| MEXC TRUMP_USDC | +0.0050% | 4h | 2.1700 | −0.294% | $403K | $147K | 125x | as long as short |
| Hyperliquid TRUMP | +0.0100% | 1h | 2.1735 | −0.133% | $13.8M | $8.0M | 10x | as long as short |
| Aster TRUMPUSDT | +0.0100% | 4h | 2.1728 | −0.164% | $413K | $651K | 20x | as long as short |
| Pacifica TRUMP | +0.0100% | 1h | 2.1730 | −0.156% | $187K | $54K | 10x | as long as short |
| GRVT TRUMP_USDT_Perp | +0.0100% | 4h | 2.1734 | −0.140% | $177K | $4.1M | 10x | as long as short |
| SunX TRUMP-USDT | +0.0100% | 4h | 2.1720 | −0.202% | $2K | $1.5M | 50x | as long as short |
| HTX TRUMP-USDT | +0.0100% | 4h | 2.1690 | −0.340% | $500K | $2.5M | 50x | as long as short |
| Phemex TRUMPUSDT | +0.0100% | 4h | 2.1710 | −0.248% | $3K | $29K | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.0153% | 1h | 2.1742 | −0.101% | $387K | $412K | 10x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | L +0.0170% / S −0.0143% | 1h | 2.1769 | +0.023% | $10K | — | 100x | as long as short |
Binance TRUMPUSDT
Paradex TRUMP-USD-PERP
edgeX TRUMPUSDC
Orderly PERP_TRUMP_USDC
KuCoin TRUMPUSDTM
dYdX TRUMP-USD
Bitget TRUMPUSDT
BloFin TRUMP-USDT
Kraken Futures PF_TRUMPUSD
Aevo TRUMP-PERP
MEXC TRUMP_USDC
Hyperliquid TRUMP
Aster TRUMPUSDT
Pacifica TRUMP
GRVT TRUMP_USDT_Perp
SunX TRUMP-USDT
HTX TRUMP-USDT
Phemex TRUMPUSDT
Backpack TRUMP_USDC_PERP
GMX TRUMP/USD [ETH-USDC]