Funding you earn now, next payment 01:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.257%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.257% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRUMP | 2.2538 | 0.0125 | pay 0.0016% / 1h | 10m 29s | $14.6M | $6.6M | 10x |
| Short | gTrade (Gains Network) TRUMP/USD | 2.2480 | L +0.0008% / S −0.0007% | get 0.0001% / 1h | 10m 29s | $42K | — | 150x |
Hyperliquid TRUMP
gTrade (Gains Network) TRUMP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.97
- Price spread: −0.257% → 0.000%
- −$25.73
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$69.71
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 Hyperliquid live order book, 2 min ago | 2.22 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 | −0.657% | $13K | $157K | 12x | as long as short |
| Reya TRUMPRUSDPERP | −0.0245% | 1h | 2.2502 | −0.162% | $5 | — | 10x | as long as short |
| dYdX TRUMP-USD | 0.0000% | 1h | 2.2526 | −0.052% | $28K | $512 | 5x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | 0.0000% | 1h | 2.2463 | −0.333% | $421K | $78K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USDshort | L +0.0008% / S −0.0007% | 1h | 2.2480 | −0.257% | $42K | — | 150x | |
| edgeX TRUMPUSDC | +0.0050% | 4h | 2.2556 | +0.081% | $110K | $264K | 20x | as long as short |
| Paradex TRUMP-USD-PERP | +0.0090% | 8h | 2.2520 | −0.080% | $5K | $175 | 5x | as long as short |
| Orderly PERP_TRUMP_USDC | +0.0096% | 4h | 2.2450 | −0.390% | $3K | $249K | 10x | as long as short |
| Lighter TRUMP | +0.0096% | 1h | 2.2509 | −0.129% | $998K | $781K | 10x | as long as short |
| Aster TRUMPUSDT | +0.0100% | 4h | 2.2540 | +0.009% | $472K | $837K | 20x | as long as short |
Injective TRUMP/USDC PERP
Reya TRUMPRUSDPERP
dYdX TRUMP-USD
Deribit TRUMP_USDC-PERPETUAL
edgeX TRUMPUSDC
Paradex TRUMP-USD-PERP
Orderly PERP_TRUMP_USDC
Lighter TRUMP
Aster TRUMPUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica TRUMP | +0.0100% | 1h | 2.2523 | −0.068% | $196K | $54K | 10x | as long as short |
| Binance TRUMPUSDT | +0.0100% | 4h | 2.2527 | −0.048% | $65.0M | $226.6M | 75x | as long as short |
| Bybit TRUMPUSDT | +0.0100% | 4h | 2.2510 | −0.124% | $31.9M | $45.5M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.0100% | 4h | 2.2500 | −0.169% | $28.5M | $162.1M | 50x | as long as short |
| Gate TRUMP_USDT | +0.0100% | 4h | 2.2520 | −0.080% | $8.0M | $48.5M | 75x | as long as short |
| MEXC TRUMP_USDC | +0.0100% | 4h | 2.2500 | −0.169% | $485K | $134K | 125x | as long as short |
| KuCoin TRUMPUSDTM | +0.0100% | 4h | 2.2530 | −0.035% | $4.5M | $10.6M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.0100% | 4h | 2.2520 | −0.080% | $16.3M | $22.5M | 75x | as long as short |
| Variational Omni TRUMP | +0.0100% | 4h | 2.2451 | −0.385% | $714K | $441K | — | as long as short |
| GRVT TRUMP_USDT_Perp | +0.0100% | 4h | 2.2500 | −0.169% | $186K | $4.5M | 10x | as long as short |
| SunX TRUMP-USDT | +0.0100% | 4h | 2.2480 | −0.257% | $2K | $1.5M | 50x | as long as short |
| SoDEX TRUMP-USD | +0.0100% | 1h | 2.2455 | −0.368% | $81 | $6K | 5x | as long as short |
| HTX TRUMP-USDT | +0.0100% | 4h | 2.2500 | −0.169% | $571K | $1.9M | 50x | as long as short |
| Extended TRUMP-USD | +0.0104% | 1h | 2.2500 | −0.169% | $80K | $601K | 25x | as long as short |
| Aevo TRUMP-PERP | +0.0104% | 1h | 2.2450 | −0.390% | $19K | — | 3x | as long as short |
| Hyperliquid TRUMPlong | +0.0125% | 1h | 2.2538 | long leg | $14.6M | $6.6M | 10x | |
| GMX TRUMP/USD [ETH-USDC] | L +0.0217% / S −0.0188% | 1h | 2.2474 | −0.284% | $10K | — | 100x | as long as short |
| BloFin TRUMP-USDT | +0.0340% | 4h | 2.2470 | −0.302% | $4.2M | $680K | 75x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.0466% | 1h | 2.2488 | −0.222% | $264K | $299K | 10x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.0624% | 1h | 2.2530 | −0.035% | $294K | $253K | 50x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.0766% | 1h | 2.2481 | −0.253% | $1.3M | $2.6M | 50x | as long as short |
Pacifica TRUMP
Binance TRUMPUSDT
Bybit TRUMPUSDT
OKX TRUMP-USDT-SWAP
Gate TRUMP_USDT
MEXC TRUMP_USDC
KuCoin TRUMPUSDTM
Bitget TRUMPUSDT
Variational Omni TRUMP
GRVT TRUMP_USDT_Perp
SunX TRUMP-USDT
SoDEX TRUMP-USD
HTX TRUMP-USDT
Extended TRUMP-USD
Aevo TRUMP-PERP
GMX TRUMP/USD [ETH-USDC]
BloFin TRUMP-USDT
Backpack TRUMP_USDC_PERP
Coinbase International TRUMP-PERP-INTX
Kraken Futures PF_TRUMPUSD