TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.023%

Price spread now: GMX against Hyperliquid+0.228%56s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.228% dearer against Hyperliquid than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	2.2536	0.0134	pay 0.0017% / 1h	12m 24s	$14.6M	$6.6M	10x
Short	GMX TRUMP/USD [ETH-USDC]	2.2587	L +0.0217% / S −0.0188%	get 0.0023% / 1h	12m 24s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now +0.228%Rate

Funding earned: $11.38
Price spread: +0.228% → 0.000%: $22.83
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $13.21
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; GMX: 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, 10 min ago	0.45 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	2.2440	−0.426%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2482	−0.241%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2506	−0.132%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2589	+0.235%	$424K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2515	−0.093%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2556	+0.089%	$110K	$264K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0092%	8h	2.2501	−0.157%	$5K	$175	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2505	−0.138%	$997K	$780K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2580	+0.195%	$3K	$249K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2532	−0.017%	$472K	$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	2.2512	−0.106%	$196K	$54K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2510	−0.115%	$65.0M	$226.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2500	−0.160%	$31.9M	$45.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2500	−0.160%	$28.5M	$161.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2500	−0.160%	$8.0M	$48.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2480	−0.248%	$485K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2520	−0.071%	$4.5M	$10.6M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2510	−0.115%	$16.3M	$22.5M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2462	−0.331%	$717K	$438K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2566	+0.135%	$187K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2560	+0.106%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2540	+0.018%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2610	+0.328%	$567K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2495	−0.182%	$80K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2575	+0.174%	$20K	—	3x	as long as short
Hyperliquid TRUMPlong	+0.0134%	1h	2.2536	long leg	$14.6M	$6.6M	10x
GMX TRUMP/USD [ETH-USDC]short	L +0.0217% / S −0.0188%	1h	2.2587	+0.228%	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.2540	+0.018%	$4.2M	$682K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0479%	1h	2.2553	+0.075%	$265K	$299K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2530	−0.027%	$294K	$253K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0763%	1h	2.2574	+0.167%	$1.3M	$2.6M	50x	as long as short