TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.043%

Price spread now: Lighter against GMX+0.257%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.257% dearer against GMX than usual: you sell high and buy low (spread +0.257% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1943	L +0.0217% / S −0.0188%	pay 0.0027% / 1h	40m 17s	$10K	—	100x
Short	Lighter TRUMP	2.1999	0.0096	get 0.0012% / 1h	40m 17s	$978K	$788K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.257%Rate

Funding earned: −$25.32
Price spread: +0.257% → 0.000%: $25.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.61
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 25 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 Lighter live order book, 25 min ago	2.46 bp	6.6 bp −$7	37.1 bp −$371	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	−0.1623%	1h	2.1990	+0.216%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1959	+0.076%	$5	—	10x	as long as short
Gate TRUMP_USDT	−0.0016%	4h	2.1930	−0.057%	$7.8M	$48.6M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1997	+0.247%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1983	+0.184%	$414K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1954	+0.050%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+1.384%	$108K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.1985	+0.194%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	+0.0081%	1h	2.2005	+0.284%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1980	+0.171%	$3K	$236K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMPshort	+0.0096%	1h	2.1999	+0.257%	$978K	$788K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1972	+0.134%	$14.7M	$6.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1963	+0.093%	$434K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2006	+0.288%	$190K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2010	+0.307%	$63.8M	$235.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1980	+0.171%	$31.4M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1980	+0.171%	$28.7M	$169.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1980	+0.171%	$438K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1990	+0.216%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1990	+0.216%	$15.7M	$24.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.588%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+1.128%	$192K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2050	+0.490%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2070	+0.581%	$573K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1990	+0.215%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1987	+0.201%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0217% / S −0.0188%	1h	2.1943	long leg	$10K	—	100x
Backpack TRUMP_USDC_PERP	+0.0317%	1h	2.2079	+0.622%	$258K	$319K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+1.310%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0512%	1h	2.2040	+0.444%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.717%	$286K	$307K	50x	as long as short