After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.049%7d average−0.043%fees + slippage, in and out−$40spread needed0.396%
| 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 | $40.5M | 50x |
| Short | Extended TRUMP-USD | 2.1410 | 0.0104 | get 0.0013% / 1h | 49m 54s | $73K | $472K | 25x |
Bybit TRUMPUSDT
Extended TRUMP-USDPrice 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
- −$4.87
- Funding while held
- $0.12
- Slippage, 4 orders
- −$23.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$44.37
- Spread needed to break even
- 0.396%
Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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, 5 min ago | 2.34 bp | 11.8 bp −$12 | 20.7 bp −$207 | 167.0 bp −$16.7K | doesn't fit |
| Sell Extended live order book, 60 min ago | 6.96 bp | 10.0 bp −$10 | 33.3 bp −$333 | 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%Pacifica2.1379+0.324%BloFin2.1390+0.375%Paradex2.1391+0.378%OKX2.1400+0.422%Lighter2.1404+0.441%dYdX2.1404+0.441%
Coinbase International
Injective
Pacifica
BloFin
Paradex
OKX
Lighter
dYdXExtended2.1410+0.467%
Gate2.1410+0.469%MEXC2.1410+0.469%Orderly2.1410+0.469%Reya2.1410+0.471%Aevo2.1415+0.493%Variational Omni2.1416+0.495%Binance2.1420+0.516%
Gate
MEXC
Orderly
Reya
Aevo
Variational Omni
BinanceBybit2.1420+0.516%
KuCoin2.1420+0.516%Bitget2.1420+0.516%edgeX2.1421+0.520%SoDEX2.1425+0.540%Aster2.1426+0.544%Deribit2.1430+0.563%HTX2.1430+0.563%gTrade (Gains Network)2.1430+0.565%Hyperliquid2.1434+0.582%GMX2.1434+0.582%SunX2.1440+0.610%Kraken Futures2.1445+0.633%Backpack2.1449+0.652%
KuCoin
Bitget
SoDEX
Aster
Deribit
HTX
gTrade (Gains Network)
Hyperliquid
GMX
SunX
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 |
| Pacifica TRUMP | −0.191% | +0.0100% | 1h | $184K | $70K | 10x | as long as short |
| BloFin TRUMP-USDT | −0.140% | +0.0340% | 4h | $4.2M | $446K | 75x | as long as short |
| Paradex TRUMP-USD-PERP | −0.138% | +0.0057% | 8h | $5K | — | 5x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.093% | +0.0100% | 4h | $26.5M | $142.3M | 50x | as long as short |
| Lighter TRUMP | −0.075% | −0.0280% | 1h | $958K | $578K | 10x | as long as short |
| dYdX TRUMP-USD | −0.075% | −0.0002% | 1h | $27K | $485 | 5x | as long as short |
| Extended TRUMP-USDshort | −0.049% | +0.0104% | 1h | $73K | $472K | 25x | |
| Gate TRUMP_USDT | −0.047% | +0.0018% | 4h | $7.4M | $43.9M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC TRUMP_USDC | −0.047% | +0.0100% | 4h | $473K | $132K | 125x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.047% | +0.0093% | 4h | $3K | $249K | 10x | as long as short |
| Reya TRUMPRUSDPERP | −0.045% | −0.0245% | 1h | $5 | — | 10x | 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 |
| 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 | $40.5M | 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 |
| 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 | +0.028% | +0.0100% | 4h | $421K | $850K | 20x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | +0.047% | 0.0000% | 1h | $402K | $77K | 10x | as long as short |
| HTX TRUMP-USDT | +0.047% | +0.0100% | 4h | $493K | $1.6M | 50x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.049% | L +0.0008% / S −0.0007% | 1h | $54K | — | 150x | as long as short |
| Hyperliquid TRUMP | +0.065% | +0.0100% | 1h | $13.6M | $7.3M | 10x | 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 |
| 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 |