Spread before costs (cost unknown: a leg has no order-book sample)+0.028%
7d average—if it closes, per $10,000$3funding while held, a day+$4.77
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TRUMPUSDT | 2.1390 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $15.1M | $19.8M | 75x |
| Short | GMX TRUMP/USD [ETH-USDC] | 2.1396 | L +0.0228% / S −0.0259% | get 0.0032% / 1h | 55m 05s | $11K | — | 100x |
Bitget TRUMPUSDT
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
- $2.78
- Funding while held
- $4.77
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$16.46
- Spread needed to break even
- 0.240%
Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 2.35 bp | 8.3 bp −$8 | 13.0 bp −$130 | 40.5 bp −$4,051 | 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.Injective2.1230cheapestVariational Omni2.1286+0.266%edgeX2.1302+0.340%Coinbase International2.1310+0.377%dYdX2.1330+0.471%Pacifica2.1338+0.509%BloFin2.1360+0.612%Paradex2.1364+0.631%Aevo2.1376+0.687%Lighter2.1377+0.692%OKX2.1380+0.707%Gate2.1380+0.707%MEXC2.1380+0.707%Binance2.1382+0.716%SoDEX2.1385+0.730%Reya2.1387+0.737%Bybit2.1390+0.754%KuCoin2.1390+0.754%
Injective
Variational Omni
Coinbase International
dYdX
Pacifica
BloFin
Paradex
Aevo
Lighter
OKX
Gate
MEXC
Binance
SoDEX
Reya
Bybit
KuCoinBitget2.1390+0.754%
Orderly2.1390+0.754%gTrade (Gains Network)2.1390+0.756%Extended2.1393+0.766%
Orderly
gTrade (Gains Network)
ExtendedGMX2.1396+0.782%
Hyperliquid2.1400+0.801%Deribit2.1400+0.801%HTX2.1400+0.801%Aster2.1401+0.804%Kraken Futures2.1403+0.817%Backpack2.1407+0.834%SunX2.1410+0.848%
Hyperliquid
Deribit
HTX
Aster
Kraken Futures
Backpack
SunXTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.748% | −0.1702% | 1h | $12K | $81K | 12x | as long as short |
| Variational Omni TRUMP | −0.484% | +0.0100% | 4h | $662K | $230K | — | as long as short |
| edgeX TRUMPUSDC | −0.411% | +0.0050% | 4h | $116K | $242K | 20x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.374% | +0.0424% | 1h | $274K | $392K | 50x | as long as short |
| dYdX TRUMP-USD | −0.281% | 0.0000% | 1h | $27K | $485 | 5x | as long as short |
| Pacifica TRUMP | −0.242% | +0.0100% | 1h | $184K | $70K | 10x | as long as short |
| BloFin TRUMP-USDT | −0.140% | +0.0340% | 4h | $4.2M | $447K | 75x | as long as short |
| Paradex TRUMP-USD-PERP | −0.121% | +0.0054% | 8h | $5K | — | 5x | as long as short |
| Aevo TRUMP-PERP | −0.066% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Lighter TRUMP | −0.061% | −0.0296% | 1h | $957K | $578K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX TRUMP-USDT-SWAP | −0.047% | +0.0100% | 4h | $26.3M | $142.1M | 50x | as long as short |
| Gate TRUMP_USDT | −0.047% | −0.0002% | 4h | $7.3M | $43.9M | 75x | as long as short |
| MEXC TRUMP_USDC | −0.047% | +0.0100% | 4h | $472K | $132K | 125x | as long as short |
| Binance TRUMPUSDT | −0.038% | +0.0100% | 4h | $61.3M | $207.5M | 75x | as long as short |
| SoDEX TRUMP-USD | −0.023% | +0.0060% | 1h | $81 | $6K | 5x | as long as short |
| Reya TRUMPRUSDPERP | −0.016% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Bybit TRUMPUSDT | 0.000% | +0.0100% | 4h | $29.7M | $40.5M | 50x | as long as short |
| KuCoin TRUMPUSDTM | 0.000% | +0.0100% | 4h | $4.2M | $9.1M | 50x | as long as short |
| Bitget TRUMPUSDTlong | 0.000% | +0.0100% | 4h | $15.1M | $19.8M | 75x | |
| Orderly PERP_TRUMP_USDC | 0.000% | +0.0092% | 4h | $3K | $249K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.002% | L +0.0008% / S −0.0007% | 1h | $54K | — | 150x | as long as short |
| Extended TRUMP-USD | +0.012% | +0.0104% | 1h | $73K | $474K | 25x | as long as short |
| GMX TRUMP/USD [ETH-USDC]short | +0.028% | L +0.0228% / S −0.0259% | 1h | $11K | — | 100x | |
| Hyperliquid TRUMP | +0.047% | +0.0100% | 1h | $13.6M | $7.4M | 10x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | +0.047% | 0.0000% | 1h | $401K | $77K | 10x | as long as short |
| HTX TRUMP-USDT | +0.047% | +0.0100% | 4h | $493K | $1.6M | 50x | as long as short |
| Aster TRUMPUSDT | +0.050% | +0.0100% | 4h | $420K | $850K | 20x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.063% | −0.0358% | 1h | $1.0M | $2.0M | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.079% | +0.0230% | 1h | $253K | $266K | 10x | as long as short |
| SunX TRUMP-USDT | +0.094% | +0.0100% | 4h | $2K | $1.5M | 50x | as long as short |