TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.022%

Price spread now: Hyperliquid against GMX+0.129%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.129% dearer against GMX than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.2474	L +0.0217% / S −0.0188%	pay 0.0027% / 1h	11m 08s	$10K	—	100x
Short	Hyperliquid TRUMP	2.2503	0.0128	get 0.0016% / 1h	11m 08s	$14.5M	$6.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$18.79
Price spread: +0.129% → 0.000%: $12.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$26.85
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	0.45 bp	7.3 bp −$7	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	−0.1608%	1h	2.2390	−0.373%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2482	+0.034%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2476	+0.010%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2463	−0.049%	$421K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2480	+0.027%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2556	+0.366%	$110K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0091%	8h	2.2482	+0.037%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.2450	−0.107%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2459	−0.066%	$996K	$781K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2486	+0.055%	$471K	$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	2.2474	+0.001%	$195K	$54K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2462	−0.052%	$64.8M	$226.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2460	−0.062%	$31.9M	$45.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2470	−0.018%	$28.5M	$161.7M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2470	−0.018%	$8.0M	$48.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2440	−0.151%	$484K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2470	−0.018%	$4.4M	$10.6M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2480	+0.027%	$16.3M	$22.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2451	−0.101%	$714K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2500	+0.116%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2480	+0.027%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2455	−0.084%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2500	+0.116%	$571K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2450	−0.107%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2450	−0.107%	$19K	—	3x	as long as short
Hyperliquid TRUMPshort	+0.0128%	1h	2.2503	+0.129%	$14.5M	$6.6M	10x
GMX TRUMP/USD [ETH-USDC]long	L +0.0217% / S −0.0188%	1h	2.2474	long leg	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.2470	−0.018%	$4.2M	$680K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0466%	1h	2.2488	+0.063%	$264K	$299K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	+0.249%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0766%	1h	2.2481	+0.031%	$1.3M	$2.6M	50x	as long as short