After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.047%7d average+0.038%fees + slippage, in and out−$45spread needed0.453%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRUMPUSDT | 2.1420 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $29.7M | $40.4M | 50x |
| Short | Deribit TRUMP_USDC-PERPETUAL | 2.1430 | 0 | get 0.0000% / 1h | 49m 25s | $402K | $77K | 10x |
Bybit TRUMPUSDT
Deribit TRUMP_USDC-PERPETUALPrice 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
- $4.67
- Funding while held
- −$3
- Slippage, 4 orders
- −$27.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$43.59
- Spread needed to break even
- 0.453%
Slippage from Bybit: live order book, 1 min ago; Deribit: live order book, 51 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Bybit live order book, 1 min ago | 2.34 bp | 11.6 bp −$12 | 18.7 bp −$187 | 222.2 bp −$22.2K | doesn't fit |
| Sell Deribit live order book, 51 min ago | 7.71 bp | 11.7 bp −$12 | 21.1 bp −$211 | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International2.1310cheapestInjective2.1340+0.141%BloFin2.1390+0.375%Lighter2.1398+0.413%MEXC2.1400+0.422%Gate2.1410+0.469%Orderly2.1410+0.469%Extended2.1415+0.491%Aevo2.1415+0.493%Variational Omni2.1416+0.495%Reya2.1418+0.507%Pacifica2.1418+0.509%Binance2.1420+0.516%
Coinbase International
Injective
BloFin
Lighter
MEXC
Gate
Orderly
Extended
Aevo
Variational Omni
Reya
Pacifica
BinanceBybit2.1420+0.516%
KuCoin2.1420+0.516%Bitget2.1420+0.516%Paradex2.1421+0.519%edgeX2.1421+0.520%SoDEX2.1425+0.540%Aster2.1428+0.552%OKX2.1430+0.563%
KuCoin
Bitget
Paradex
SoDEX
Aster
OKXDeribit2.1430+0.563%
HTX2.1430+0.563%dYdX2.1430+0.564%gTrade (Gains Network)2.1431+0.565%GMX2.1434+0.582%SunX2.1440+0.610%Hyperliquid2.1442+0.619%Kraken Futures2.1445+0.633%Backpack2.1449+0.652%
HTX
dYdX
gTrade (Gains Network)
GMX
SunX
Hyperliquid
Kraken Futures
BackpackTRUMP 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 | −0.514% | +0.0424% | 1h | $274K | $392K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.373% | −0.1702% | 1h | $12K | $81K | 12x | as long as short |
| BloFin TRUMP-USDT | −0.140% | +0.0340% | 4h | $4.2M | $446K | 75x | as long as short |
| Lighter TRUMP | −0.103% | −0.0312% | 1h | $958K | $578K | 10x | as long as short |
| MEXC TRUMP_USDC | −0.093% | +0.0100% | 4h | $472K | $132K | 125x | as long as short |
| Gate TRUMP_USDT | −0.047% | +0.0016% | 4h | $7.4M | $43.9M | 75x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.047% | +0.0093% | 4h | $3K | $249K | 10x | as long as short |
| Extended TRUMP-USD | −0.025% | +0.0104% | 1h | $73K | $472K | 25x | as long as short |
| Aevo TRUMP-PERP | −0.023% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Variational Omni TRUMP | −0.021% | +0.0100% | 4h | $666K | $230K | — | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya TRUMPRUSDPERP | −0.009% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Pacifica TRUMP | −0.007% | +0.0100% | 1h | $185K | $70K | 10x | as long as short |
| Binance TRUMPUSDT | 0.000% | +0.0100% | 4h | $61.4M | $207.5M | 75x | as long as short |
| Bybit TRUMPUSDTlong | 0.000% | +0.0100% | 4h | $29.7M | $40.4M | 50x | |
| KuCoin TRUMPUSDTM | 0.000% | +0.0100% | 4h | $4.2M | $9.1M | 50x | as long as short |
| Bitget TRUMPUSDT | 0.000% | +0.0100% | 4h | $15.1M | $19.6M | 75x | as long as short |
| Paradex TRUMP-USD-PERP | +0.003% | +0.0058% | 8h | $5K | — | 5x | as long as short |
| edgeX TRUMPUSDC | +0.004% | +0.0050% | 4h | $117K | $242K | 20x | as long as short |
| SoDEX TRUMP-USD | +0.023% | +0.0045% | 1h | $81 | $6K | 5x | as long as short |
| Aster TRUMPUSDT | +0.035% | +0.0100% | 4h | $421K | $850K | 20x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.047% | +0.0100% | 4h | $26.4M | $142.4M | 50x | as long as short |
| Deribit TRUMP_USDC-PERPETUALshort | +0.047% | 0.0000% | 1h | $402K | $77K | 10x | |
| HTX TRUMP-USDT | +0.047% | +0.0100% | 4h | $493K | $1.6M | 50x | as long as short |
| dYdX TRUMP-USD | +0.048% | −0.0002% | 1h | $27K | $485 | 5x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.049% | L +0.0008% / S −0.0007% | 1h | $54K | — | 150x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | +0.065% | L +0.0228% / S −0.0259% | 1h | $11K | — | 100x | as long as short |
| SunX TRUMP-USDT | +0.093% | +0.0100% | 4h | $2K | $1.5M | 50x | as long as short |
| Hyperliquid TRUMP | +0.103% | +0.0100% | 1h | $13.6M | $7.3M | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.116% | −0.0357% | 1h | $1.0M | $2.0M | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.135% | +0.0305% | 1h | $253K | $265K | 10x | as long as short |