TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.032%

Price spread now: Backpack against GMX+0.053%7-day average — · you sell dearer than you buy

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

Long on GMX 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 +$3 a day on $10k at the current rate, and Backpack is 0.053% dearer against GMX than usual: you sell high and buy low: +$5 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	GMX TRUMP/USD [ETH-USDC]	2.1832	L +0.0216% / S −0.0188%	pay 0.0027% / 1h	34m 26s	$10K	—	100x
Short	Backpack TRUMP_USDC_PERP	2.1844	0.0321	get 0.0040% / 1h	34m 26s	$261K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.053%Rate

Funding earned: $22.02
Price spread: +0.053% → 0.000%: $5.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $5.31
Costs to cover: 0.220%
Break-even: 5.3 days

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 49 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 49 min ago	0.23 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	−0.1472%	1h	2.1690	−0.652%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1787	−0.206%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1847	+0.068%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1837	+0.021%	$410K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1836	+0.016%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1871	+0.176%	$120K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1840	+0.035%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.1841	+0.041%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1846	+0.062%	$972K	$672K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1819	−0.062%	$14.0M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1850	+0.079%	$455K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1852	+0.088%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1807	−0.116%	$62.1M	$218.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1800	−0.149%	$30.4M	$43.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1790	−0.194%	$26.7M	$148.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1830	−0.011%	$7.3M	$47.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.194%	$479K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.080%	$4.5M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	−0.149%	$15.5M	$20.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	+0.092%	$687K	$266K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	+0.127%	$179K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.126%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1825	−0.034%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1850	+0.080%	$524K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1826	−0.028%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1830	−0.011%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0216% / S −0.0188%	1h	2.1832	long leg	$10K	—	100x
Backpack TRUMP_USDC_PERPshort	+0.0321%	1h	2.1844	+0.053%	$261K	$270K	10x
BloFin TRUMP-USDT	+0.0340%	4h	2.1830	−0.011%	$4.2M	$514K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	+0.126%	$281K	$398K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0523%	1h	2.1848	+0.073%	$1.3M	$2.5M	50x	as long as short