TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.005%

Price spread now: Lighter against gTrade (Gains Network)−0.088%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.088% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1675	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	19m 50s	$41K	—	150x
Short	Lighter TRUMP	2.1656	−0.0200	pay 0.0025% / 1h	19m 50s	$947K	$993K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$43.74
Price spread: −0.088% → 0.000%: −$8.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$62.51
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 36 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 Lighter live order book, 36 min ago	1.86 bp	7.4 bp −$7	33.1 bp −$331	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	−0.1829%	1h	2.1350	−1.499%	$12K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0317%	4h	2.1682	+0.032%	$673K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0303%	4h	2.1660	−0.069%	$31.2M	$51.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0259%	1h	2.1665	−0.046%	$70	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0248%	4h	2.1650	−0.115%	$27.1M	$182.9M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1647	−0.130%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0225%	4h	2.1661	−0.064%	$63.3M	$247.1M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1655	−0.093%	$74K	$492K	25x	as long as short
Lighter TRUMPshort	−0.0200%	1h	2.1656	−0.088%	$947K	$993K	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0165%	1h	2.1673	−0.009%	$392K	$76K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1640	−0.161%	$144K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0130%	8h	2.1671	−0.020%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0117%	4h	2.1605	−0.322%	$105K	$253K	20x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1670	−0.023%	$7.8M	$50.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0088%	4h	2.1670	−0.023%	$5K	$304K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0040%	4h	2.1680	+0.023%	$4.2M	$10.6M	50x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1672	−0.014%	$26K	$2K	5x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1675	long leg	$41K	—	150x
Bitget TRUMPUSDT	+0.0012%	4h	2.1660	−0.069%	$15.4M	$26.3M	75x	as long as short
BloFin TRUMP-USDT	+0.0014%	4h	2.1710	+0.161%	$4.3M	$693K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1652	−0.105%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0074%	4h	2.1660	−0.069%	$403K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1686	+0.051%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1671	−0.019%	$412K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1678	+0.014%	$186K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1650	−0.115%	$178K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	+0.115%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1670	−0.023%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1693	+0.081%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1669	−0.027%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0379%	1h	2.1691	+0.074%	$384K	$420K	10x	as long as short