TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.24 per $10,000 · paid last 24h −0.082%

Price spread now: gTrade (Gains Network) against Backpack+0.024%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.024% dearer against Backpack than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRUMP_USDC_PERP	2.1709	0.0196	pay 0.0025% / 1h	17m 13s	$341K	$378K	10x
Short	gTrade (Gains Network) TRUMP/USD	2.1714	L +0.0008% / S −0.0007%	get 0.0001% / 1h	17m 13s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. 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 BackpackbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.024%Rate

Funding earned: −$39.84
Price spread: +0.024% → 0.000%: $2.44
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$57.4
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 36 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 Backpack live order book, 36 min ago	0.23 bp	12.1 bp −$12	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	−0.1765%	1h	2.1550	−0.732%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0310%	1h	2.1695	−0.064%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0276%	8h	2.1702	−0.032%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1684	−0.115%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0211%	1h	2.1704	−0.023%	$408K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0150%	4h	2.1700	−0.041%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0115%	4h	2.1680	−0.133%	$61.2M	$246.4M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1689	−0.092%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0089%	4h	2.1680	−0.134%	$30.7M	$50.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	−0.193%	$106K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0023%	4h	2.1681	−0.128%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1710	+0.005%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1714	+0.024%	$41K	—	150x
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1690	−0.088%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	−0.226%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1692	−0.078%	$958K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1690	−0.088%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1704	−0.024%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1706	−0.015%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1720	+0.053%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1670	−0.180%	$27.7M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1690	−0.088%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1700	−0.041%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1710	+0.005%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	−0.041%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.097%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0125%	4h	2.1710	+0.005%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1710	+0.004%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1733	+0.109%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0196%	1h	2.1709	long leg	$341K	$378K	10x
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	−0.180%	$280K	$277K	50x	as long as short