After costs, if the gap returns to its 7d average, $10k−$58
spread now−0.323%7d average−0.099%fees + slippage, in and out−$35spread needed0.351%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRUMP_USDC_PERP | 2.1369 | 0.0280 | pay 0.0035% / 1h | 20m 02s | $253K | $269K | 10x |
| Short | Bitget TRUMPUSDT | 2.1300 | 0.0100 | get 0.0050% / 4h | 3h 20m | $14.9M | $20.0M | 75x |
Backpack TRUMP_USDC_PERP
Bitget TRUMPUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$32.29
- Funding while held
- −$5.4
- Slippage, 4 orders
- −$13.13
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$72.83
- Spread needed to break even
- 0.351%
Slippage from Backpack: live order book, 25 min ago; Bitget: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0180%
- Per $10,000 a day
- −$5.40
- Average in range /8h
- —
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 Backpack live order book, 25 min ago | 0.23 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.33 bp | 12.8 bp −$13 | 16.3 bp −$163 | 48.8 bp −$4,876 | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Extended2.1297cheapestBybit2.1300+0.014%MEXC2.1300+0.014%KuCoin2.1300+0.014%
Extended
Bybit
MEXC
KuCoinBitget2.1300+0.014%
Binance2.1305+0.036%OKX2.1310+0.061%Reya2.1356+0.275%Aevo2.1357+0.281%Gate2.1360+0.295%Orderly2.1360+0.295%Paradex2.1360+0.296%Lighter2.1366+0.324%
Binance
OKX
Reya
Aevo
Gate
Orderly
Paradex
LighterBackpack2.1369+0.338%
HTX2.1370+0.342%SoDEX2.1375+0.366%GMX2.1375+0.367%Aster2.1376+0.370%gTrade (Gains Network)2.1380+0.389%Coinbase International2.1380+0.389%Deribit2.1381+0.394%Pacifica2.1391+0.441%Kraken Futures2.1397+0.471%dYdX2.1400+0.483%SunX2.1400+0.483%Hyperliquid2.1402+0.493%Injective2.1410+0.530%BloFin2.1440+0.671%Variational Omni2.1506+0.980%edgeX2.1522+1.057%
HTX
SoDEX
GMX
Aster
gTrade (Gains Network)
Coinbase International
Deribit
Pacifica
Kraken Futures
dYdX
SunX
Hyperliquid
Injective
BloFin
Variational OmniTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended TRUMP-USD | −0.337% | +0.0104% | 1h | $74K | $481K | 25x | as long as short |
| Bybit TRUMPUSDT | −0.323% | +0.0100% | 4h | $29.5M | $40.8M | 50x | as long as short |
| MEXC TRUMP_USDC | −0.323% | +0.0100% | 4h | $444K | $131K | 125x | as long as short |
| KuCoin TRUMPUSDTM | −0.323% | +0.0100% | 4h | $4.3M | $9.0M | 50x | as long as short |
| Bitget TRUMPUSDTshort | −0.323% | +0.0100% | 4h | $14.9M | $20.0M | 75x | |
| Binance TRUMPUSDT | −0.301% | +0.0100% | 4h | $61.3M | $207.1M | 75x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.276% | +0.0100% | 4h | $26.2M | $145.5M | 50x | as long as short |
| Reya TRUMPRUSDPERP | −0.063% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Aevo TRUMP-PERP | −0.056% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Gate TRUMP_USDT | −0.042% | +0.0100% | 4h | $7.3M | $43.3M | 75x | as long as short |