TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.092%

Price spread now: Backpack against dYdX+0.150%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 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 +$6 a day on $10k at the current rate, and Backpack is 0.150% dearer against dYdX than usual: you sell high and buy low: +$15 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	dYdX TRUMP-USD	2.1819	−0.0021	get 0.0003% / 1h	31m 15s	$27K	$485	5x
Short	Backpack TRUMP_USDC_PERP	2.1852	0.0188	get 0.0023% / 1h	31m 15s	$258K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.150%Rate

Funding earned: $43.77
Price spread: +0.150% → 0.000%: $14.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $38.74
Costs to cover: 0.200%
Break-even: 0.8 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 17 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 17 min ago	0.23 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	−0.1885%	1h	2.1710	−0.501%	$13K	$77K	12x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0348%	1h	2.1838	+0.084%	$1.0M	$2.1M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1815	−0.021%	$5	—	10x	as long as short
Lighter TRUMP	−0.0080%	1h	2.1817	−0.011%	$971K	$619K	10x	as long as short
dYdX TRUMP-USDlong	−0.0021%	1h	2.1819	long leg	$27K	$485	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1836	+0.076%	$409K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1834	+0.067%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0034%	4h	2.1776	−0.200%	$118K	$244K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0050%	8h	2.1806	−0.060%	$5K	—	5x	as long as short
MEXC TRUMP_USDC	+0.0064%	4h	2.1810	−0.043%	$479K	$134K	125x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TRUMPUSDT	+0.0069%	4h	2.1830	+0.049%	$63.0M	$211.6M	75x	as long as short
Extended TRUMP-USD	+0.0072%	1h	2.1818	−0.007%	$75K	$471K	25x	as long as short
SoDEX TRUMP-USD	+0.0078%	1h	2.1821	+0.008%	$72	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.1820	+0.003%	$3K	$249K	10x	as long as short
Variational Omni TRUMP	+0.0089%	4h	2.1795	−0.110%	$677K	$231K	—	as long as short
Aevo TRUMP-PERP	+0.0096%	1h	2.1815	−0.020%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1855	+0.163%	$14.0M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1829	+0.045%	$446K	$842K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1819	−0.004%	$188K	$60K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1810	−0.043%	$30.4M	$41.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	+0.003%	$26.9M	$146.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1830	+0.049%	$7.4M	$45.6M	75x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	+0.049%	$4.8M	$9.9M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1820	+0.003%	$15.3M	$20.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1820	+0.003%	$188K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1830	+0.049%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1840	+0.095%	$504K	$1.6M	50x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0188%	1h	2.1852	+0.150%	$258K	$263K	10x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1831	+0.053%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0277%	4h	2.1830	+0.049%	$4.2M	$461K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1550	−1.234%	$277K	$398K	50x	as long as short