TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0303%/8h= −33.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.089%

Price spread now: dYdX against Backpack−0.157%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 −$9 a day on $10k at the current rate, and dYdX is 0.157% cheaper against Backpack than usual: you would sell low and buy high (−$16 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	Backpack TRUMP_USDC_PERP	2.1590	0.0288	pay 0.0036% / 1h	1m 33s	$384K	$413K	10x
Short	dYdX TRUMP-USD	2.1556	−0.0015	pay 0.0002% / 1h	1m 33s	$27K	$501	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$63.63
Price spread: −0.157% → 0.000%: −$15.69
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$99.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 47 min ago; dYdX: 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 Backpack live order book, 47 min ago	0.23 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.1827%	1h	2.1440	−0.695%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0328%	1h	2.1536	−0.250%	$952K	$1.0M	10x	as long as short
Extended TRUMP-USD	−0.0264%	1h	2.1518	−0.331%	$74K	$739K	25x	as long as short
Binance TRUMPUSDT	−0.0262%	4h	2.1540	−0.232%	$60.9M	$251.4M	75x	as long as short
SoDEX TRUMP-USD	−0.0254%	1h	2.1555	−0.162%	$82	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1531	−0.272%	$5	—	10x	as long as short
Bybit TRUMPUSDT	−0.0196%	4h	2.1540	−0.232%	$30.6M	$52.2M	50x	as long as short
Variational Omni TRUMP	−0.0180%	4h	2.1531	−0.272%	$664K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0146%	8h	2.1523	−0.312%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0135%	4h	2.1534	−0.259%	$105K	$265K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0116%	4h	2.1540	−0.232%	$7.7M	$54.0M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0089%	4h	2.1530	−0.278%	$26.6M	$185.2M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0063%	4h	2.1550	−0.185%	$4K	$233K	10x	as long as short
BloFin TRUMP-USDT	−0.0031%	4h	2.1540	−0.232%	$4.1M	$690K	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1554	−0.167%	$406K	$81K	10x	as long as short
dYdX TRUMP-USDshort	−0.0015%	1h	2.1556	−0.157%	$27K	$501	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1555	−0.163%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1540	−0.232%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1553	−0.173%	$183K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1564	−0.120%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1550	−0.185%	$405K	$774K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1546	−0.204%	$185K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	−0.232%	$402K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1550	−0.185%	$4.2M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1540	−0.232%	$15.4M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	−0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1580	−0.046%	$486K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1559	−0.144%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0197%	1h	2.1592	+0.007%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0288%	1h	2.1590	long leg	$384K	$413K	10x
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1540	−0.232%	$214K	$410K	50x	as long as short