After costs, if the gap returns to its 7d average, $10k−$51
spread now−0.046%7d average+0.019%fees + slippage, in and out−$44spread needed0.445%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRUMPUSDT | 2.1560 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $30.1M | $40.6M | 50x |
| Short | Gate TRUMP_USDT | 2.1550 | 0.0046 | get 0.0023% / 4h | 1h 09m | $7.4M | $44.3M | 75x |
Bybit TRUMPUSDT
Gate TRUMP_USDTPrice 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
- −$4.64
- Funding while held
- −$1.62
- Slippage, 4 orders
- −$18.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$50.73
- Spread needed to break even
- 0.445%
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0054%
- Per $10,000 a day
- −$1.62
- 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 | 2.32 bp | 7.8 bp −$8 | 16.0 bp −$160 | 133.8 bp −$13.4K | doesn't fit |
| Sell Gate live order book, 1 min ago | 4.65 bp | 12.1 bp −$12 | 22.8 bp −$228 | 67.7 bp −$6,774 | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1420cheapestVariational Omni2.1486+0.308%edgeX2.1503+0.388%Coinbase International2.1520+0.467%Lighter2.1538+0.551%Paradex2.1540+0.562%Pacifica2.1541+0.564%OKX2.1550+0.607%
Injective
Variational Omni
Coinbase International
Lighter
Paradex
Pacifica
OKXGate2.1550+0.607%
MEXC2.1550+0.607%Orderly2.1550+0.607%dYdX2.1551+0.612%Extended2.1554+0.628%Aevo2.1555+0.630%SoDEX2.1555+0.630%Reya2.1556+0.634%Binance2.1560+0.654%
MEXC
Orderly
dYdX
Extended
Aevo
SoDEX
Reya
BinanceBybit2.1560+0.654%
KuCoin2.1560+0.654%BloFin2.1560+0.654%Aster2.1563+0.668%Deribit2.1566+0.682%gTrade (Gains Network)2.1570+0.699%Bitget2.1570+0.700%SunX2.1570+0.700%GMX2.1572+0.709%Kraken Futures2.1575+0.723%HTX2.1580+0.747%Backpack2.1581+0.752%Hyperliquid2.1582+0.756%
KuCoin
BloFin
Aster
Deribit
gTrade (Gains Network)
Bitget
SunX
GMX
Kraken Futures
HTX
Backpack
HyperliquidTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.649% | −0.1702% | 1h | $12K | $81K | 12x | as long as short |
| Variational Omni TRUMP | −0.343% | +0.0100% | 4h | $669K | $230K | — | as long as short |
| edgeX TRUMPUSDC | −0.264% | +0.0050% | 4h | $117K | $242K | 20x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.186% | +0.0424% | 1h | $276K | $396K | 50x | as long as short |
| Lighter TRUMP | −0.102% | −0.0296% | 1h | $963K | $583K | 10x | as long as short |
| Paradex TRUMP-USD-PERP | −0.091% | +0.0052% | 8h | $5K | — | 5x | as long as short |
| Pacifica TRUMP | −0.089% | +0.0100% | 1h | $186K | $70K | 10x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.046% | +0.0100% | 4h | $26.7M | $143.1M | 50x | as long as short |
| Gate TRUMP_USDTshort | −0.046% | +0.0046% | 4h | $7.4M | $44.3M | 75x | |
| MEXC TRUMP_USDC | −0.046% | +0.0054% | 4h | $476K | $135K | 125x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_TRUMP_USDC | −0.046% | +0.0096% | 4h | $3K | $249K | 10x | as long as short |
| dYdX TRUMP-USD | −0.041% | −0.0022% | 1h | $27K | $485 | 5x | as long as short |
| Extended TRUMP-USD | −0.026% | +0.0104% | 1h | $74K | $472K | 25x | as long as short |
| Aevo TRUMP-PERP | −0.023% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| SoDEX TRUMP-USD | −0.023% | −0.0073% | 1h | $81 | $6K | 5x | as long as short |
| Reya TRUMPRUSDPERP | −0.019% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Binance TRUMPUSDT | 0.000% | +0.0100% | 4h | $61.7M | $207.8M | 75x | as long as short |
| Bybit TRUMPUSDTlong | 0.000% | +0.0100% | 4h | $30.1M | $40.6M | 50x | |
| KuCoin TRUMPUSDTM | 0.000% | +0.0100% | 4h | $4.4M | $9.3M | 50x | as long as short |
| BloFin TRUMP-USDT | 0.000% | +0.0340% | 4h | $4.2M | $469K | 75x | as long as short |
| Aster TRUMPUSDT | +0.014% | +0.0100% | 4h | $423K | $840K | 20x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | +0.028% | 0.0000% | 1h | $404K | $76K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.045% | L +0.0008% / S −0.0007% | 1h | $41K | — | 150x | as long as short |
| Bitget TRUMPUSDT | +0.046% | +0.0100% | 4h | $15.3M | $19.6M | 75x | as long as short |
| SunX TRUMP-USDT | +0.046% | +0.0100% | 4h | $2K | $1.5M | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | +0.055% | L +0.0228% / S −0.0259% | 1h | $11K | — | 100x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.069% | −0.0355% | 1h | $1.0M | $2.0M | 50x | as long as short |
| HTX TRUMP-USDT | +0.093% | +0.0100% | 4h | $499K | $1.6M | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.097% | +0.0291% | 1h | $255K | $266K | 10x | as long as short |
| Hyperliquid TRUMP | +0.102% | +0.0100% | 1h | $13.7M | $7.2M | 10x | as long as short |