TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.044%

Price spread now: GMX against Lighter+0.214%7-day average — · you sell dearer than you buy

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

Long on Lighter 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.214% dearer against Lighter than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TRUMP	2.2051	0.0072	pay 0.0009% / 1h	41m 13s	$980K	$788K	10x
Short	GMX TRUMP/USD [ETH-USDC]	2.2098	L +0.0217% / S −0.0188%	get 0.0023% / 1h	41m 13s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now +0.214%Rate

Funding earned: $24.34
Price spread: +0.214% → 0.000%: $21.45
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $33.79
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: live order book, 24 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 Lighter live order book, 24 min ago	2.46 bp	9.2 bp −$9	36.7 bp −$367	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	−0.1623%	1h	2.1990	−0.277%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2102	+0.230%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2120	+0.313%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2077	+0.118%	$416K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2085	+0.155%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2246	+0.885%	$108K	$262K	20x	as long as short
Gate TRUMP_USDT	+0.0056%	4h	2.2070	+0.086%	$7.8M	$48.5M	75x	as long as short
Lighter TRUMPlong	+0.0072%	1h	2.2051	long leg	$980K	$788K	10x
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2144	+0.421%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2090	+0.177%	$3K	$237K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2085	+0.152%	$14.8M	$6.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2125	+0.333%	$437K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2136	+0.384%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2059	+0.035%	$64.0M	$234.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2060	+0.041%	$31.5M	$47.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2060	+0.041%	$28.9M	$168.9M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2060	+0.041%	$440K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2060	+0.041%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2080	+0.132%	$15.8M	$24.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2072	+0.093%	$698K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.631%	$192K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2120	+0.313%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2079	+0.127%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.404%	$575K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2070	+0.085%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2070	+0.086%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0217% / S −0.0188%	1h	2.2098	+0.214%	$10K	—	100x
Backpack TRUMP_USDC_PERP	+0.0317%	1h	2.2079	+0.127%	$258K	$319K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.812%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0511%	1h	2.2101	+0.228%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	+0.222%	$286K	$307K	50x	as long as short