TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.055%

Price spread now: Backpack against Aevo+0.174%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 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 +$1 a day on $10k at the current rate, and Backpack is 0.174% dearer against Aevo than usual: you sell high and buy low: +$17 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	Aevo TRUMP-PERP	2.1770	0.0104	pay 0.0013% / 1h	59m 37s	$19K	—	3x
Short	Backpack TRUMP_USDC_PERP	2.1808	0.0150	get 0.0019% / 1h	59m 37s	$261K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.174%Rate

Funding earned: $9.73
Price spread: +0.174% → 0.000%: $17.38
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: $1.11
Costs to cover: 0.260%
Break-even: 6.2 days

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 24 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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 24 min ago	0.23 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit

Aevo: 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	−0.1787%	1h	2.1760	−0.047%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1774	+0.018%	$5	—	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1804	+0.155%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0117%	1h	2.1779	+0.041%	$408K	$79K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1789	+0.087%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1782	+0.053%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1763	−0.033%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0085%	8h	2.1793	+0.105%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1770	−0.001%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1776	+0.027%	$969K	$665K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1808	+0.174%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1793	+0.104%	$456K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1794	+0.111%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1823	+0.245%	$62.1M	$216.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	+0.229%	$30.4M	$42.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1800	+0.137%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1800	+0.137%	$7.4M	$46.3M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1780	+0.045%	$478K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.183%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	+0.137%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	−0.027%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1767	−0.016%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	+0.045%	$1K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1775	+0.022%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	+0.183%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1792	+0.101%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERPlong	+0.0104%	1h	2.1770	long leg	$19K	—	3x
Backpack TRUMP_USDC_PERPshort	+0.0150%	1h	2.1808	+0.174%	$261K	$266K	10x
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1777	+0.033%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.413%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	−0.093%	$4.2M	$501K	75x	as long as short