After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.144%7d average−0.091%fees + slippage, in and out−$25spread needed0.248%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRUMP_USDC_PERP | 2.1507 | 0.0116 | pay 0.0015% / 1h | 56m 14s | $258K | $264K | 10x |
| Short | Lighter TRUMP | 2.1476 | 0.0024 | get 0.0003% / 1h | 56m 14s | $961K | $577K | 10x |
Backpack TRUMP_USDC_PERP
Lighter 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
- −$14.41
- Funding while held
- −$2.76
- Slippage, 4 orders
- −$14.81
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$41.99
- Spread needed to break even
- 0.248%
Slippage from Backpack: live order book, 49 min ago; Lighter: live order book, 46 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0092%
- Per $10,000 a day
- −$2.76
- 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, 49 min ago | 0.23 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 46 min ago | 2.30 bp | 7.1 bp −$7 | 13.8 bp −$138 | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1400cheapestReya2.1466+0.309%Aster2.1476+0.354%
Injective
Reya
AsterLighter2.1476+0.355%
Paradex2.1477+0.362%OKX2.1480+0.374%Gate2.1480+0.374%MEXC2.1480+0.374%Orderly2.1480+0.374%Aevo2.1480+0.374%SunX2.1480+0.374%SoDEX2.1481+0.379%Extended2.1481+0.379%Binance2.1483+0.389%Pacifica2.1489+0.416%Bybit2.1490+0.421%KuCoin2.1490+0.421%Bitget2.1490+0.421%dYdX2.1492+0.430%Deribit2.1493+0.435%GMX2.1495+0.443%gTrade (Gains Network)2.1495+0.443%HTX2.1500+0.467%Kraken Futures2.1503+0.479%
Paradex
OKX
Gate
MEXC
Orderly
Aevo
SunX
SoDEX
Extended
Binance
Pacifica
Bybit
KuCoin
Bitget
dYdX
Deribit
GMX
gTrade (Gains Network)
HTX
Kraken FuturesBackpack2.1507+0.500%
Hyperliquid2.1508+0.505%Coinbase International2.1510+0.514%BloFin2.1510+0.514%Variational Omni2.1514+0.535%edgeX2.1516+0.543%
Hyperliquid
Coinbase International
BloFin
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 | −0.498% | −0.1677% | 1h | $12K | $109K | 12x | as long as short |
| Reya TRUMPRUSDPERP | −0.191% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Aster TRUMPUSDT | −0.145% | +0.0100% | 4h | $426K | $861K | 20x | as long as short |
| Lighter TRUMPshort | −0.144% | +0.0024% | 1h | $961K | $577K | 10x | |
| Paradex TRUMP-USD-PERP | −0.137% | +0.0083% | 8h | $5K | — | 5x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.126% | +0.0100% | 4h | $26.3M | $143.3M | 50x | as long as short |
| Gate TRUMP_USDT | −0.126% | +0.0100% | 4h | $7.3M | $43.2M | 75x | as long as short |
| MEXC TRUMP_USDC | −0.126% | +0.0100% | 4h | $490K | $130K | 125x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.126% | +0.0092% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.126% | +0.0104% | 1h | $19K | — | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX TRUMP-USDT | −0.126% | +0.0100% | 4h | $2K | $1.5M | 50x | as long as short |
| SoDEX TRUMP-USD | −0.121% | +0.0096% | 1h | $85 | $6K | 5x | as long as short |
| Extended TRUMP-USD | −0.121% | +0.0104% | 1h | $74K | $474K | 25x | as long as short |
| Binance TRUMPUSDT | −0.110% | +0.0100% | 4h | $61.5M | $205.7M | 75x | as long as short |
| Pacifica TRUMP | −0.084% | +0.0100% | 1h | $185K | $71K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.079% | +0.0100% | 4h | $29.9M | $40.3M | 50x | as long as short |
| KuCoin TRUMPUSDTM | −0.079% | +0.0100% | 4h | $4.4M | $9.0M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.079% | +0.0100% | 4h | $15.1M | $19.7M | 75x | as long as short |
| dYdX TRUMP-USD | −0.070% | 0.0000% | 1h | $27K | $481 | 5x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.065% | 0.0000% | 1h | $403K | $77K | 10x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | −0.056% | L +0.0229% / S −0.0264% | 1h | $12K | — | 100x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.056% | L +0.0008% / S −0.0007% | 1h | $55K | — | 150x | as long as short |
| HTX TRUMP-USDT | −0.033% | +0.0100% | 4h | $480K | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRUMPUSD | −0.021% | −0.0155% | 1h | $1.0M | $2.1M | 50x | as long as short |
| Backpack TRUMP_USDC_PERPlong | 0.000% | +0.0116% | 1h | $258K | $264K | 10x | |
| Hyperliquid TRUMP | +0.005% | +0.0100% | 1h | $13.8M | $7.3M | 10x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.014% | +0.0496% | 1h | $285K | $387K | 50x | as long as short |
| BloFin TRUMP-USDT | +0.014% | +0.0340% | 4h | $4.2M | $454K | 75x | as long as short |
| Variational Omni TRUMP | +0.035% | +0.0100% | 4h | $669K | $240K | — | as long as short |
| edgeX TRUMPUSDC | +0.043% | +0.0050% | 4h | $117K | $243K | 20x | as long as short |