After costs, if the gap returns to its 7d average, $10k+$7
spread now+0.400%7d average−0.099%fees + slippage, in and out−$43spread needed0.425%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRUMP_USDC_PERP | 2.1853 | 0.0278 | pay 0.0035% / 1h | 48m 02s | $258K | $271K | 10x |
| Short | edgeX TRUMPUSDC | 2.1940 | 0.0050 | get 0.0025% / 4h | 3h 48m | $119K | $242K | 20x |
Backpack TRUMP_USDC_PERPPrice 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
- $40.02
- Funding while held
- −$6.84
- Slippage, 4 orders
- −$23.52
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$9.34
- Spread needed to break even
- 0.425%
Slippage from Backpack: live order book, 62 min ago; edgeX: live order book, 61 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0228%
- Per $10,000 a day
- −$6.84
- 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, 62 min ago | 0.23 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 61 min ago | 6.88 bp | 14.6 bp −$15 | 40.3 bp −$403 | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1640cheapestBloFin2.1800+0.739%Bybit2.1810+0.786%Binance2.1817+0.816%Aster2.1819+0.827%Lighter2.1820+0.832%Gate2.1820+0.832%Extended2.1827+0.865%OKX2.1830+0.878%MEXC2.1830+0.878%KuCoin2.1830+0.878%Bitget2.1830+0.878%Orderly2.1830+0.878%Aevo2.1830+0.878%SoDEX2.1832+0.887%Deribit2.1833+0.892%Reya2.1835+0.903%GMX2.1837+0.910%Hyperliquid2.1838+0.915%gTrade (Gains Network)2.1840+0.924%Kraken Futures2.1844+0.942%Paradex2.1849+0.967%dYdX2.1850+0.970%SunX2.1850+0.970%Pacifica2.1850+0.971%
Injective
BloFin
Bybit
Binance
Aster
Lighter
Gate
Extended
OKX
MEXC
KuCoin
Bitget
Orderly
Aevo
SoDEX
Deribit
Reya
GMX
Hyperliquid
gTrade (Gains Network)
Kraken Futures
Paradex
dYdX
SunX
PacificaBackpack2.1853+0.984%
HTX2.1860+1.017%Variational Omni2.1877+1.095%Coinbase International2.1950+1.433%
HTX
Variational Omni
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.975% | −0.1508% | 1h | $13K | $151K | 12x | as long as short |
| BloFin TRUMP-USDT | −0.243% | +0.0340% | 4h | $4.3M | $470K | 75x | as long as short |
| Bybit TRUMPUSDT | −0.197% | +0.0100% | 4h | $30.2M | $40.5M | 50x | as long as short |
| Binance TRUMPUSDT | −0.167% | +0.0100% | 4h | $63.3M | $204.5M | 75x | as long as short |
| Aster TRUMPUSDT | −0.156% | +0.0100% | 4h | $436K | $871K | 20x | as long as short |
| Lighter TRUMP | −0.151% | +0.0096% | 1h | $975K | $579K | 10x | as long as short |
| Gate TRUMP_USDT | −0.151% | +0.0100% | 4h | $7.4M | $41.7M | 75x | as long as short |
| Extended TRUMP-USD | −0.118% | +0.0104% | 1h | $55K | $464K | 25x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.105% | +0.0100% | 4h | $26.9M | $148.3M | 50x | as long as short |
| MEXC TRUMP_USDC | −0.105% | +0.0100% | 4h | $456K | $126K | 125x | as long as short |