TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.057%

Price spread now: Deribit against GMX−0.015%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1709	L +0.0216% / S −0.0188%	pay 0.0027% / 1h	8m 30s	$10K	—	100x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1706	0	get 0.0000% / 1h	8m 30s	$408K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$45.38
Price spread: −0.015% → 0.000%: −$1.46
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$65.85
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 55 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 Deribit live order book, 55 min ago	6.82 bp	10.3 bp −$10	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	−0.1659%	1h	2.1640	−0.319%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1691	−0.085%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0052%	1h	2.1695	−0.065%	$82	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1680	−0.134%	$7.7M	$50.2M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1689	−0.093%	$958K	$906K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1686	−0.108%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1706	−0.015%	$408K	$72K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.022%	$42K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0028%	8h	2.1690	−0.087%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	+0.0032%	4h	2.1660	−0.227%	$30.9M	$48.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TRUMPUSDC	+0.0050%	4h	2.1739	+0.136%	$106K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0069%	4h	2.1690	−0.088%	$4K	$236K	10x	as long as short
Variational Omni TRUMP	+0.0080%	4h	2.1731	+0.099%	$685K	$456K	—	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1707	−0.010%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1685	−0.109%	$429K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1697	−0.054%	$187K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1670	−0.180%	$62.7M	$237.8M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	−0.180%	$27.6M	$170.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1660	−0.227%	$415K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1700	−0.042%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1670	−0.180%	$15.6M	$25.4M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1713	+0.018%	$254K	$318K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1790	+0.372%	$178K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	+0.004%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1710	+0.004%	$533K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1669	−0.184%	$115K	$710K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1706	−0.015%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0216% / S −0.0188%	1h	2.1709	long leg	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0289%	1h	2.1721	+0.056%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1710	+0.004%	$4.3M	$655K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1700	−0.042%	$281K	$297K	50x	as long as short