TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0205%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h +0.050%

Price spread now: GMX against Lighter+0.439%7-day average — · you sell dearer than you buy

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.439% dearer against Lighter than usual: you sell high and buy low: +$44 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	Lighter TRUMP	2.1526	−0.0064	get 0.0008% / 1h	3m 27s	$951K	$977K	10x
Short	GMX TRUMP/USD [ETH-USDC]	2.1620	L +0.0171% / S −0.0141%	get 0.0018% / 1h	3m 27s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now +0.439%Rate

Funding earned: $43.09
Price spread: +0.439% → 0.000%: $43.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $74.97
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: live order book, 47 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 Lighter live order book, 47 min ago	0.92 bp	6.2 bp −$6	33.2 bp −$332	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	2.1490	−0.167%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0383%	1h	2.1605	+0.367%	$87	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1522	−0.021%	$5	—	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0236%	8h	2.1519	−0.034%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0211%	4h	2.1530	+0.019%	$30.7M	$50.7M	50x	as long as short
Gate TRUMP_USDT	−0.0182%	4h	2.1530	+0.019%	$7.8M	$52.5M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1617	+0.423%	$407K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0162%	4h	2.1520	−0.028%	$60.9M	$246.4M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1509	−0.077%	$76K	$718K	25x	as long as short
edgeX TRUMPUSDC	−0.0078%	4h	2.1604	+0.364%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMPlong	−0.0064%	1h	2.1526	long leg	$951K	$977K	10x
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.442%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1537	+0.051%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0003%	4h	2.1610	+0.390%	$5K	$199K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0002%	4h	2.1600	+0.346%	$180K	$4.7M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1625	+0.460%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1595	+0.321%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0061%	4h	2.1530	+0.019%	$27.6M	$178.9M	50x	as long as short
BloFin TRUMP-USDT	+0.0085%	4h	2.1610	+0.390%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1545	+0.088%	$13.6M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1551	+0.116%	$405K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1555	+0.135%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	−0.028%	$400K	$152K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	+0.111%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1530	+0.019%	$15.6M	$26.3M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1650	+0.576%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1640	+0.530%	$493K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0171% / S −0.0141%	1h	2.1620	+0.439%	$10K	—	100x
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1635	+0.507%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0204%	1h	2.1644	+0.548%	$383K	$403K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1650	+0.576%	$298K	$301K	50x	as long as short