TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0603%/8h= −66.0% APRnext payment −$0.75 per $10,000 · paid last 24h +0.046%

Price spread now: GMX against Kraken Futures−0.116%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and GMX is 0.116% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1784	0.0791	pay 0.0099% / 1h	51m 07s	$1.3M	$2.5M	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1759	L +0.0216% / S −0.0188%	get 0.0023% / 1h	51m 07s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$126.65
Price spread: −0.116% → 0.000%: −$11.57
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$160.22
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	2.29 bp	16.7 bp −$17	35.5 bp −$355	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	2.1650	−0.615%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1752	−0.148%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1747	−0.172%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1753	−0.142%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1760	−0.109%	$41K	—	150x	as long as short
Gate TRUMP_USDT	+0.0028%	4h	2.1750	−0.156%	$7.4M	$46.7M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1788	+0.018%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1750	−0.156%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1754	−0.137%	$974K	$707K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1742	−0.192%	$5K	—	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1762	−0.102%	$453K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1751	−0.149%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1749	−0.160%	$62.4M	$227.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1750	−0.156%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1760	−0.110%	$26.9M	$152.5M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	−0.156%	$471K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1750	−0.156%	$4.0M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1760	−0.110%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1742	−0.194%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	+0.074%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	−0.018%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1755	−0.133%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	−0.018%	$551K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1750	−0.154%	$75K	$478K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1757	−0.124%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0186%	1h	2.1776	−0.036%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1759	−0.116%	$10K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	−0.110%	$4.2M	$626K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0417%	1h	2.1777	−0.032%	$256K	$283K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	−0.110%	$281K	$383K	50x	as long as short
Kraken Futures PF_TRUMPUSDlong	+0.0791%	1h	2.1784	long leg	$1.3M	$2.5M	50x