Spread before costs (cost unknown: a leg has no order-book sample)−0.334%
7d average—if it closes, per $10,000$33funding while held, a day+$4.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRUMP_USDC_PERP | 2.1282 | 0.0100 | pay 0.0013% / 1h | 8m 14s | $251K | $261K | 10x |
| Short | GMX TRUMP/USD [ETH-USDC] | 2.1211 | L +0.0228% / S −0.0259% | get 0.0032% / 1h | 8m 14s | $11K | — | 100x |
Backpack TRUMP_USDC_PERP
GMX TRUMP/USD [ETH-USDC]Price 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
- −$33.38
- Funding while held
- $4.77
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$50.61
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 32 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0159%
- Per $10,000 a day
- +$4.77
- 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, 32 min ago | 0.23 bp | 6.4 bp −$6 | doesn't fit | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1190cheapestGate2.1200+0.047%Lighter2.1207+0.080%Aster2.1209+0.088%Reya2.1209+0.089%gTrade (Gains Network)2.1210+0.093%MEXC2.1210+0.094%
Injective
Gate
Lighter
Aster
Reya
gTrade (Gains Network)
MEXCGMX2.1211+0.099%
Bybit2.1220+0.142%OKX2.1220+0.142%Bitget2.1220+0.142%Binance2.1223+0.155%Extended2.1225+0.165%Aevo2.1225+0.165%SoDEX2.1225+0.165%KuCoin2.1230+0.189%Orderly2.1230+0.189%Paradex2.1234+0.209%Pacifica2.1237+0.224%Coinbase International2.1240+0.236%BloFin2.1240+0.236%Deribit2.1241+0.241%Kraken Futures2.1247+0.268%SunX2.1250+0.283%Hyperliquid2.1252+0.293%dYdX2.1260+0.330%HTX2.1260+0.330%
Bybit
OKX
Bitget
Binance
Extended
Aevo
SoDEX
KuCoin
Orderly
Paradex
Pacifica
Coinbase International
BloFin
Deribit
Kraken Futures
SunX
Hyperliquid
dYdX
HTXBackpack2.1282+0.434%
edgeX2.1285+0.448%Variational Omni2.1307+0.551%
Variational OmniTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.432% | −0.1677% | 1h | $12K | $110K | 12x | as long as short |
| Gate TRUMP_USDT | −0.385% | −0.0006% | 4h | $7.3M | $44.0M | 75x | as long as short |
| Lighter TRUMP | −0.352% | −0.0112% | 1h | $949K | $582K | 10x | as long as short |
| Aster TRUMPUSDT | −0.345% | +0.0100% | 4h | $417K | $849K | 20x | as long as short |
| Reya TRUMPRUSDPERP | −0.344% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.340% | L +0.0008% / S −0.0007% | 1h | $54K | — | 150x | as long as short |
| MEXC TRUMP_USDC | −0.338% | +0.0100% | 4h | $468K | $135K | 125x | as long as short |
| GMX TRUMP/USD [ETH-USDC]short | −0.334% | L +0.0228% / S −0.0259% | 1h | $11K | — | 100x | |
| Bybit TRUMPUSDT | −0.291% | +0.0100% | 4h | $29.5M | $40.4M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.291% | +0.0100% | 4h | $26.1M | $140.7M | 50x | as long as short |