After costs, if the gap returns to its 7d average, $10k−$33
spread now−0.060%7d average−0.056%fees + slippage, in and out−$33spread needed0.327%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRUMP_USDC_PERP | 2.1783 | 0.0235 | pay 0.0029% / 1h | 11m 57s | $261K | $265K | 10x |
| Short | Hyperliquid TRUMP | 2.1770 | 0.0100 | get 0.0013% / 1h | 11m 57s | $11.3M | $5.5M | 10x |
Backpack TRUMP_USDC_PERP
Hyperliquid TRUMPPrice 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
- −$5.97
- Funding while held
- −$4.05
- Slippage, 4 orders
- −$13.74
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$42.75
- Spread needed to break even
- 0.327%
Slippage from Backpack: live order book, 38 min ago; Hyperliquid: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0135%
- Per $10,000 a day
- −$4.05
- 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, 38 min ago | 0.23 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.38 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International2.1610cheapestInjective2.1620+0.046%Variational Omni2.1673+0.292%edgeX2.1686+0.352%Paradex2.1706+0.446%dYdX2.1710+0.463%BloFin2.1710+0.463%Pacifica2.1711+0.468%Reya2.1727+0.540%gTrade (Gains Network)2.1730+0.555%Aevo2.1735+0.578%GMX2.1735+0.579%Orderly2.1740+0.602%SoDEX2.1745+0.625%Deribit2.1748+0.639%Lighter2.1750+0.648%Bybit2.1760+0.694%OKX2.1760+0.694%MEXC2.1760+0.694%Kraken Futures2.1766+0.724%Aster2.1769+0.736%
Coinbase International
Injective
Variational Omni
Paradex
dYdX
BloFin
Pacifica
Reya
gTrade (Gains Network)
Aevo
GMX
Orderly
SoDEX
Deribit
Lighter
Bybit
OKX
MEXC
Kraken Futures
AsterHyperliquid2.1770+0.740%
Gate2.1770+0.740%Bitget2.1770+0.740%SunX2.1770+0.740%HTX2.1770+0.740%Extended2.1773+0.754%Binance2.1780+0.787%KuCoin2.1780+0.787%
Gate
Bitget
SunX
HTX
Extended
Binance
KuCoinBackpack2.1783+0.801%
TRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International TRUMP-PERP-INTX | −0.794% | +0.0336% | 1h | $288K | $391K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.748% | −0.1587% | 1h | $13K | $174K | 12x | as long as short |
| Variational Omni TRUMP | −0.504% | +0.0100% | 4h | $608K | $170K | — | as long as short |
| edgeX TRUMPUSDC | −0.445% | +0.0050% | 4h | $118K | $243K | 20x | as long as short |
| Paradex TRUMP-USD-PERP | −0.352% | +0.0063% | 8h | $5K | — | 5x | as long as short |
| dYdX TRUMP-USD | −0.335% | 0.0000% | 1h | $27K | $572 | 5x | as long as short |
| BloFin TRUMP-USDT | −0.335% | +0.0340% | 4h | $4.3M | $470K | 75x | as long as short |
| Pacifica TRUMP | −0.330% | +0.0100% | 1h | $189K | $73K | 10x | as long as short |
| Reya TRUMPRUSDPERP | −0.259% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.243% | L +0.0008% / S −0.0007% | 1h | $41K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo TRUMP-PERP | −0.220% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | −0.219% | L +0.0230% / S −0.0264% | 1h | $12K | — | 100x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.197% | +0.0093% | 4h | $3K | $249K | 10x | as long as short |
| SoDEX TRUMP-USD | −0.174% | +0.0100% | 1h | $82 | $6K | 5x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.161% | 0.0000% | 1h | $400K | $76K | 10x | as long as short |
| Lighter TRUMP | −0.151% | +0.0008% | 1h | $972K | $624K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.106% | +0.0100% | 4h | $29.8M | $38.5M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.106% | +0.0100% | 4h | $26.4M | $141.4M | 50x | as long as short |
| MEXC TRUMP_USDC | −0.106% | +0.0100% | 4h | $459K | $126K | 125x | as long as short |
| Kraken Futures PF_TRUMPUSD | −0.076% | −0.0461% | 1h | $1.0M | $2.0M | 50x | as long as short |
| Aster TRUMPUSDT | −0.064% | +0.0100% | 4h | $438K | $883K | 20x | as long as short |
| Hyperliquid TRUMPshort | −0.060% | +0.0100% | 1h | $11.3M | $5.5M | 10x | |
| Gate TRUMP_USDT | −0.060% | +0.0100% | 4h | $7.4M | $41.3M | 75x | as long as short |
| Bitget TRUMPUSDT | −0.060% | +0.0100% | 4h | $15.1M | $19.0M | 75x | as long as short |
| SunX TRUMP-USDT | −0.060% | +0.0100% | 4h | $2K | $1.4M | 50x | as long as short |
| HTX TRUMP-USDT | −0.060% | +0.0100% | 4h | $469K | $1.6M | 50x | as long as short |
| Extended TRUMP-USD | −0.046% | +0.0104% | 1h | $55K | $464K | 25x | as long as short |
| Binance TRUMPUSDT | −0.014% | +0.0100% | 4h | $63.0M | $195.5M | 75x | as long as short |
| KuCoin TRUMPUSDTM | −0.014% | +0.0100% | 4h | $4.3M | $8.6M | 50x | as long as short |
| Backpack TRUMP_USDC_PERPlong | 0.000% | +0.0235% | 1h | $261K | $265K | 10x |