TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0343%/8h= +37.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.036%

Price spread now: Hyperliquid against dYdX−0.046%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.046% cheaper against dYdX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.2167	0	get 0.0000% / 1h	45m 12s	$28K	$485	5x
Short	Hyperliquid TRUMP	2.2157	0.0343	get 0.0043% / 1h	45m 12s	$14.3M	$7.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.046%Rate

Funding earned: $71.95
Price spread: −0.046% → 0.000%: −$4.56
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $48.38
Costs to cover: 0.190%
Break-even: 2.3 days

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	0.90 bp	10.5 bp −$11	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	−0.1537%	1h	2.2030	−0.619%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2142	−0.113%	$5	—	10x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.2167	long leg	$28K	$485	5x
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2139	−0.127%	$415K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2138	−0.130%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2151	−0.071%	$121K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0089%	4h	2.2140	−0.122%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0096%	8h	2.2143	−0.107%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2136	−0.140%	$992K	$738K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2158	−0.040%	$462K	$835K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2156	−0.050%	$191K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2140	−0.122%	$63.8M	$223.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2130	−0.167%	$31.1M	$44.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2130	−0.167%	$27.4M	$153.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2130	−0.167%	$7.5M	$48.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2130	−0.167%	$485K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2150	−0.077%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2140	−0.122%	$15.7M	$21.3M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2142	−0.112%	$650K	$373K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2190	+0.103%	$194K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	+0.013%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2136	−0.140%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2190	+0.103%	$567K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2131	−0.163%	$76K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2130	−0.167%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2133	−0.156%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2150	−0.077%	$4.2M	$639K	75x	as long as short
Hyperliquid TRUMPshort	+0.0343%	1h	2.2157	−0.046%	$14.3M	$7.5M	10x
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2240	+0.329%	$287K	$401K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0583%	1h	2.2156	−0.050%	$261K	$278K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0862%	1h	2.2169	+0.008%	$1.3M	$2.5M	50x	as long as short