TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1927%/8h= +211.0% APRnext payment +$2.41 per $10,000 · paid last 24h +0.559%

Price spread now: GMX against Injective+0.568%57s7-day average — · you sell dearer than you buy

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

Long on Injective Short on GMX

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

Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and GMX is 0.568% dearer against Injective than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Injective TRUMP/USDC PERP	2.1360	−0.1829	get 0.0229% / 1h	37m 40s	$12K	$157K	12x
Short	GMX TRUMP/USD [ETH-USDC]	2.1481	L +0.0136% / S −0.0098%	get 0.0012% / 1h	37m 40s	$9K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now +0.568%Rate

Funding earned: $404.59
Price spread: +0.568% → 0.000%: $56.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $449.37
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: live order book, 46 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 Injective live order book, 46 min ago	35.19 bp	56.3 bp −$56	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 PERPlong	−0.1829%	1h	2.1360	long leg	$12K	$157K	12x
SoDEX TRUMP-USD	−0.0655%	1h	2.1465	+0.492%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0309%	1h	2.1470	+0.515%	$388K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0300%	4h	2.1441	+0.381%	$661K	$415K	—	as long as short
Bybit TRUMPUSDT	−0.0270%	4h	2.1470	+0.515%	$30.7M	$51.8M	50x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1470	+0.515%	$938K	$990K	10x	as long as short
Binance TRUMPUSDT	−0.0251%	4h	2.1471	+0.518%	$60.9M	$247.0M	75x	as long as short
Extended TRUMP-USD	−0.0248%	1h	2.1469	+0.511%	$74K	$494K	25x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1452	+0.429%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0240%	4h	2.1470	+0.515%	$26.9M	$182.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0222%	4h	2.1470	+0.515%	$7.7M	$49.6M	75x	as long as short
Paradex TRUMP-USD-PERP	−0.0158%	8h	2.1465	+0.494%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1410	+0.234%	$165K	$472K	50x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	+0.336%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0095%	4h	2.1450	+0.421%	$5K	$296K	10x	as long as short
GRVT TRUMP_USDT_Perp	−0.0090%	4h	2.1502	+0.666%	$181K	$4.3M	10x	as long as short
KuCoin TRUMPUSDTM	−0.0038%	4h	2.1480	+0.562%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0026%	1h	2.1486	+0.592%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0006%	4h	2.1430	+0.328%	$4.2M	$685K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1480	+0.562%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1443	+0.388%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0030%	4h	2.1470	+0.515%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1506	+0.682%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1493	+0.620%	$408K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1493	+0.622%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1470	+0.515%	$399K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.515%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	+0.609%	$500K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1499	+0.651%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0136% / S −0.0098%	1h	2.1481	+0.568%	$9K	—	100x
Backpack TRUMP_USDC_PERP	+0.0297%	1h	2.1520	+0.749%	$381K	$420K	10x	as long as short