TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.565%

Price spread now: Injective against GMX+1.082%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 Injective

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Injective is 1.082% dearer against GMX than usual: you sell high and buy low (spread +1.082% now, against zero (this spread has no 7-day history yet)): +$108 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1369	L +0.0204% / S −0.0199%	pay 0.0025% / 1h	28m 16s	$10K	—	100x
Short	Injective TRUMP/USDC PERP	2.1600	0.0033	get 0.0004% / 1h	28m 16s	$13K	$157K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.082%Rate

Funding earned: −$35.76
Price spread: +1.082% → 0.000%: $108.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $60.39
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: live order book, 18 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 Injective live order book, 18 min ago	30.32 bp	35.3 bp −$35	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 32 exchanges

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
SoDEX TRUMP-USD	−0.0484%	1h	2.1369	+0.001%	$77	$6K	5x	as long as short
Variational Omni TRUMP	−0.0409%	4h	2.1300	−0.322%	$662K	$400K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0375%	4h	2.1360	−0.041%	$27.0M	$172.7M	50x	as long as short
Bybit TRUMPUSDT	−0.0373%	4h	2.1360	−0.041%	$31.2M	$48.4M	50x	as long as short
Extended TRUMP-USD	−0.0368%	1h	2.1358	−0.051%	$73K	$493K	25x	as long as short
Binance TRUMPUSDT	−0.0364%	4h	2.1370	+0.005%	$63.0M	$238.4M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1250	−0.556%	$130K	$512K	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0264%	1h	2.1381	+0.057%	$384K	$78K	10x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1339	−0.140%	$916K	$959K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1360	−0.042%	$5	—	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0230%	4h	2.1370	+0.005%	$7.7M	$47.7M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0216%	8h	2.1368	−0.006%	$5K	$175	5x	as long as short
MEXC TRUMP_USDC	−0.0216%	4h	2.1360	−0.041%	$386K	$143K	125x	as long as short
edgeX TRUMPUSDC	−0.0178%	4h	2.1290	−0.368%	$104K	$254K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0176%	4h	2.1350	−0.088%	$4.3M	$10.2M	50x	as long as short
BloFin TRUMP-USDT	−0.0119%	4h	2.1340	−0.135%	$4.3M	$689K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0087%	4h	2.1350	−0.088%	$5K	$299K	10x	as long as short
Bitget TRUMPUSDT	−0.0052%	4h	2.1380	+0.052%	$15.4M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0008%	1h	2.1350	−0.088%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1375	+0.028%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	0.0000%	4h	2.1304	−0.305%	$184K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1382	+0.063%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1404	+0.163%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERPshort	+0.0033%	1h	2.1600	+1.082%	$13K	$157K	12x
Hyperliquid TRUMP	+0.0100%	1h	2.1380	+0.052%	$13.5M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1370	+0.005%	$403K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1353	−0.074%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1370	+0.005%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1400	+0.146%	$486K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1360	−0.041%	$195K	$453K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0144%	1h	2.1371	+0.010%	$382K	$390K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0204% / S −0.0199%	1h	2.1369	long leg	$10K	—	100x