TRUMP

Alert

Funding spread now, next payment 18:00 UTC−0.0324%/8h

next payment, per $10,000−$0.41paid, last 24h−0.019%paid, last 3 days−0.019%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.019% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1334	L +0.0228% / S −0.0259%	pay 0.0029% / 1h	9m 52s	$11K	—	100x
Short	Lighter TRUMP	2.1306	−0.0096	pay 0.0012% / 1h	9m 52s	$953K	$582K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee LighterbpOrdersRate

Funding earned: −$68.07
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$80.07
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 27 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.131%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 27 min ago	1.63 bp	8.2 bp −$8	24.2 bp −$242	doesn't fit	doesn't fit

GMX: 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 30 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1677%	1h	$12K	$110K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0156%	1h	$1.0M	$2.0M	50x	as long as short
Lighter TRUMPshort	−0.0096%	1h	$953K	$582K	10x
dYdX TRUMP-USD	−0.0005%	1h	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	$400K	$77K	10x	as long as short
Gate TRUMP_USDT	+0.0006%	4h	$7.3M	$43.9M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	$54K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	$116K	$243K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0059%	8h	$5K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	+0.0066%	1h	$79	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0092%	4h	$3K	$249K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	$13.6M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	$419K	$849K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	$184K	$70K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	$61.2M	$205.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	$29.6M	$40.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	$26.1M	$140.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	$470K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	$4.2M	$9.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	$15.0M	$19.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	$252K	$261K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	$662K	$238K	—	as long as short
SunX TRUMP-USDT	+0.0100%	4h	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	$502K	$1.6M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	$74K	$474K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	$18K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0228% / S −0.0259%	1h	$11K	—	100x
BloFin TRUMP-USDT	+0.0340%	4h	$4.2M	$445K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0496%	1h	$278K	$389K	50x	as long as short