After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.012%7d average−0.025%fees + slippage, in and out−$48spread needed0.476%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRUMP_USDC_PERP | 2.1347 | 0.0214 | pay 0.0027% / 1h | 28m 34s | $252K | $247K | 10x |
| Short | Kraken Futures PF_TRUMPUSD | 2.1350 | 0.0020 | get 0.0003% / 1h | 28m 34s | $1.0M | $1.9M | 50x |
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
- $1.22
- Funding while held
- −$5.81
- Slippage, 4 orders
- −$27.61
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$52.2
- Spread needed to break even
- 0.476%
Slippage from Backpack: live order book, 26 min ago; Kraken Futures: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0194%
- Per $10,000 a day
- −$5.81
- 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, 26 min ago | 0.23 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 2.34 bp | 16.3 bp −$16 | 25.3 bp −$253 | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.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 | −0.267% | +0.0408% | 1h | $276K | $369K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.220% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| Reya TRUMPRUSDPERP | −0.081% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.080% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.080% | +0.0104% | 1h | $18K | — | 3x | as long as short |
| SoDEX TRUMP-USD | −0.052% | +0.0100% | 1h | $86 | $6K | 5x | as long as short |
| MEXC TRUMP_USDC | −0.033% | +0.0100% | 4h | $414K | $119K | 125x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | −0.030% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.028% | −0.0031% | 1h | $390K | $70K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.023% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid TRUMP | −0.009% | +0.0100% | 1h | $11.1M | $5.4M | 10x | as long as short |
| Backpack TRUMP_USDC_PERPlong | 0.000% | +0.0214% | 1h | $252K | $247K | 10x | |
| Aster TRUMPUSDT | +0.003% | +0.0100% | 4h | $221K | $545K | 20x | as long as short |
| Kraken Futures PF_TRUMPUSDshort | +0.012% | +0.0020% | 1h | $1.0M | $1.9M | 50x | |
| Gate TRUMP_USDT | +0.014% | +0.0100% | 4h | $7.3M | $35.5M | 75x | as long as short |
| KuCoin TRUMPUSDTM | +0.014% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
| Paradex TRUMP-USD-PERP | +0.021% | +0.0078% | 8h | $5K | — | 5x | as long as short |
| dYdX TRUMP-USD | +0.035% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
| Extended TRUMP-USD | +0.047% | +0.0104% | 1h | $54K | $464K | 25x | as long as short |
| Lighter TRUMP | +0.047% | 0.0000% | 1h | $958K | $606K | 10x | as long as short |
| Bybit TRUMPUSDT | +0.061% | +0.0100% | 4h | $29.1M | $35.7M | 50x | as long as short |
| BloFin TRUMP-USDT | +0.061% | +0.0340% | 4h | $4.1M | $434K | 75x | as long as short |
| Pacifica TRUMP | +0.076% | +0.0100% | 1h | $185K | $74K | 10x | as long as short |
| Binance TRUMPUSDT | +0.080% | +0.0100% | 4h | $61.3M | $179.6M | 75x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.108% | +0.0100% | 4h | $25.8M | $128.0M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.108% | +0.0100% | 4h | $14.9M | $17.5M | 75x | as long as short |
| SunX TRUMP-USDT | +0.108% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| HTX TRUMP-USDT | +0.155% | +0.0100% | 4h | $464K | $1.4M | 50x | as long as short |
| edgeX TRUMPUSDC | +0.178% | +0.0050% | 4h | $116K | $218K | 20x | as long as short |
| Variational Omni TRUMP | +0.201% | +0.0100% | 4h | $591K | $192K | — | as long as short |
Backpack TRUMP_USDC_PERP
Kraken Futures PF_TRUMPUSD
Coinbase International
Injective
SoDEX
MEXC
GMX
Deribit
gTrade (Gains Network)
Hyperliquid
Aster
Gate
KuCoin
Paradex
Extended
Lighter
Bybit
BloFin
Pacifica
Binance
OKX
Bitget
SunX
HTX
Variational Omni