TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1667%/8h= −182.5% APRnext payment −$2.08 per $10,000 · paid last 24h −0.493%

Price spread now: Injective against gTrade (Gains Network)−0.802%115s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Injective

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 −$50 a day on $10k at the current rate, and Injective is 0.802% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$80 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 115 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	2.1845	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	55m 22s	$42K	—	150x
Short	Injective TRUMP/USDC PERP	2.1670	−0.1659	pay 0.0207% / 1h	55m 22s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.802%Rate

Funding earned: −$350.07
Price spread: −0.802% → 0.000%: −$80.16
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$440.24
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: live order book, 59 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 Injective live order book, 59 min ago	47.63 bp	47.6 bp −$48	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 30 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	−0.1659%	1h	2.1670	−0.802%	$13K	$157K	12x
Lighter TRUMP	−0.0448%	1h	2.1857	+0.054%	$974K	$791K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1822	−0.108%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0086%	4h	2.1850	+0.022%	$7.7M	$48.9M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	+0.190%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1964	+0.544%	$413K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1845	long leg	$42K	—	150x
SoDEX TRUMP-USD	+0.0043%	1h	2.1945	+0.457%	$83	$6K	5x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1785	−0.277%	$106K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0059%	8h	2.1856	+0.050%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0084%	4h	2.1820	−0.115%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1848	+0.013%	$14.4M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1867	+0.100%	$432K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1879	+0.154%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1830	−0.069%	$63.4M	$234.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1830	−0.069%	$31.4M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	−0.069%	$28.3M	$168.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.069%	$434K	$141K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1860	+0.068%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	−0.023%	$15.7M	$24.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1971	+0.578%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1859	+0.065%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1970	+0.572%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1990	+0.663%	$540K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1840	−0.024%	$116K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1940	+0.435%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0156%	1h	2.1950	+0.480%	$258K	$314K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1846	+0.003%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0286%	1h	2.1973	+0.586%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.709%	$285K	$303K	50x	as long as short