TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0453%/8h= +49.6% APRnext payment +$0.57 per $10,000 · paid last 24h +0.083%

Price spread now: Backpack against gTrade (Gains Network)+0.278%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and Backpack is 0.278% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$28 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	gTrade (Gains Network) TRUMP/USD	2.2136	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	25m 03s	$42K	—	150x
Short	Backpack TRUMP_USDC_PERP	2.2197	0.0462	get 0.0058% / 1h	25m 03s	$282K	$289K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.278%Rate

Funding earned: $95.2
Price spread: +0.278% → 0.000%: $27.78
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $102.98
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 48 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 48 min ago	0.23 bp	8.4 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	−0.1608%	1h	2.1910	−1.019%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2117	−0.085%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.2092	−0.197%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2138	+0.011%	$415K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.2136	long leg	$42K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.2029	−0.481%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2159	+0.106%	$984K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2120	−0.070%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2104	−0.144%	$5K	$95	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2124	−0.053%	$461K	$836K	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	2.2120	−0.071%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2168	+0.148%	$63.3M	$222.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2150	+0.066%	$31.1M	$44.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2160	+0.111%	$27.4M	$155.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2160	+0.111%	$7.7M	$47.4M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	+0.020%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2170	+0.156%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2160	+0.111%	$16.2M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.154%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2052	−0.376%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2140	+0.020%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2148	+0.056%	$75	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2170	+0.156%	$560K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2130	−0.025%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2120	−0.070%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0164%	1h	2.2185	+0.224%	$14.4M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2133	−0.009%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2170	+0.156%	$4.2M	$632K	75x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0462%	1h	2.2197	+0.278%	$282K	$289K	10x
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.561%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0777%	1h	2.2174	+0.176%	$1.3M	$2.5M	50x	as long as short