TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h +0.033%

Price spread now: GMX against Kraken Futures−0.086%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.086% cheaper against Kraken Futures 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	Kraken Futures PF_TRUMPUSD	2.1814	0.0172	pay 0.0021% / 1h	39m 10s	$1.3M	$2.2M	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1796	L +0.0171% / S −0.0141%	get 0.0018% / 1h	39m 10s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$6.37
Price spread: −0.086% → 0.000%: −$8.55
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$36.92
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; GMX: no order-book sample. 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 Kraken Futures live order book, 4 min ago	4.57 bp	17.6 bp −$18	28.2 bp −$282	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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	−0.1765%	1h	2.1690	−0.570%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0324%	4h	2.1790	−0.112%	$30.8M	$50.0M	50x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1791	−0.105%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0215%	1h	2.1785	−0.134%	$93	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0163%	1h	2.1790	−0.112%	$410K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0059%	4h	2.1780	−0.157%	$61.6M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1774	−0.186%	$75K	$721K	25x	as long as short
Gate TRUMP_USDT	−0.0034%	4h	2.1790	−0.112%	$7.8M	$51.3M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.106%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.199%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1826	+0.054%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	−0.094%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0032%	4h	2.1800	−0.066%	$4K	$172K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0035%	8h	2.1803	−0.052%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1770	−0.203%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1784	−0.139%	$965K	$968K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1798	−0.075%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1807	−0.032%	$427K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1804	−0.046%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.157%	$27.8M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.112%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	−0.066%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.112%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	−0.016%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	−0.020%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	−0.020%	$496K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0171% / S −0.0141%	1h	2.1796	−0.086%	$10K	—	100x
Kraken Futures PF_TRUMPUSDlong	+0.0172%	1h	2.1814	long leg	$1.3M	$2.2M	50x
BloFin TRUMP-USDT	+0.0181%	4h	2.1800	−0.066%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0360%	1h	2.1815	+0.003%	$343K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	+0.118%	$282K	$279K	50x	as long as short