TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0235%/8h= −25.7% APRnext payment −$0.29 per $10,000 · paid last 24h −0.028%

Price spread now: Kraken Futures against GMX+0.033%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 Kraken Futures

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 pays, funding is against you. Kraken Futures is 0.033% dearer against GMX than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1449	L +0.0137% / S −0.0099%	pay 0.0017% / 1h	27m 08s	$9K	—	100x
Short	Kraken Futures PF_TRUMPUSD	2.1456	−0.0098	pay 0.0012% / 1h	27m 08s	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$49.36
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$68.06
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	4.67 bp	16.8 bp −$17	33.0 bp −$330	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	−0.1927%	1h	2.1320	−0.600%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1372	−0.359%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0195%	4h	2.1440	−0.040%	$60.5M	$251.8M	75x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1420	−0.134%	$74K	$589K	25x	as long as short
Variational Omni TRUMP	−0.0145%	4h	2.1381	−0.314%	$660K	$424K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0101%	4h	2.1420	−0.134%	$26.5M	$184.7M	50x	as long as short
edgeX TRUMPUSDC	−0.0100%	4h	2.1400	−0.225%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSDshort	−0.0098%	1h	2.1456	+0.033%	$1.3M	$2.3M	50x
Bybit TRUMPUSDT	−0.0081%	4h	2.1430	−0.087%	$30.4M	$52.5M	50x	as long as short
Gate TRUMP_USDT	−0.0076%	4h	2.1440	−0.040%	$7.7M	$53.6M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1420	−0.134%	$5K	$248K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0051%	8h	2.1415	−0.159%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0013%	1h	2.1425	−0.110%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1443	−0.028%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1439	−0.045%	$404K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1409	−0.187%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1420	−0.134%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0045%	4h	2.1410	−0.180%	$4.1M	$683K	75x	as long as short
Lighter TRUMP	+0.0088%	1h	2.1428	−0.096%	$946K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1442	−0.031%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1442	−0.033%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1435	−0.064%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1430	−0.087%	$398K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	−0.040%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1430	−0.087%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.273%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1460	+0.053%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	+0.053%	$482K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0137% / S −0.0099%	1h	2.1449	long leg	$9K	—	100x
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	−0.087%	$203K	$424K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0385%	1h	2.1468	+0.090%	$380K	$417K	10x	as long as short