TRUMP

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.059%

7d average—if it closes, per $10,000$6funding while held, a day−$10.35

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1490	0.0100	pay 0.0050% / 4h	24m 33s	$29.4M	$38.0M	50x
Short	Reya TRUMPRUSDPERP	2.1503	−0.0245	pay 0.0031% / 1h	24m 33s	$5	—	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee BybitbpFee ReyabpOrdersClose when spread is

Spread captured: $5.91
Funding while held: −$10.35
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.44
Spread needed to break even: 0.170%

Slippage unknown: Bybit: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0345%
Per $10,000 a day: −$10.35
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	14.6 bp −$146	141.4 bp −$14.1K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 on 30 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.558%	−0.1587%	1h	$12K	$174K	12x	as long as short
edgeX TRUMPUSDC	−0.305%	+0.0050%	4h	$117K	$241K	20x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.279%	+0.0336%	1h	$285K	$388K	50x	as long as short
Variational Omni TRUMP	−0.125%	+0.0100%	4h	$597K	$166K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.093%	+0.0100%	4h	$26.0M	$138.4M	50x	as long as short
Binance TRUMPUSDT	−0.027%	+0.0100%	4h	$61.7M	$193.6M	75x	as long as short
Bybit TRUMPUSDTlong	0.000%	+0.0100%	4h	$29.4M	$38.0M	50x
Bitget TRUMPUSDT	0.000%	+0.0100%	4h	$14.9M	$18.8M	75x	as long as short
Extended TRUMP-USD	+0.005%	+0.0104%	1h	$54K	$464K	25x	as long as short
Lighter TRUMP	+0.047%	−0.0016%	1h	$963K	$622K	10x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TRUMP_USDT	+0.047%	+0.0100%	4h	$7.3M	$40.6M	75x	as long as short
MEXC TRUMP_USDC	+0.047%	+0.0100%	4h	$453K	$125K	125x	as long as short
Reya TRUMPRUSDPERPshort	+0.059%	−0.0245%	1h	$5	—	10x
Paradex TRUMP-USD-PERP	+0.063%	+0.0054%	8h	$5K	—	5x	as long as short
Hyperliquid TRUMP	+0.130%	+0.0100%	1h	$11.2M	$5.5M	10x	as long as short
Aster TRUMPUSDT	+0.144%	+0.0100%	4h	$432K	$882K	20x	as long as short
Pacifica TRUMP	+0.157%	+0.0100%	1h	$187K	$73K	10x	as long as short
KuCoin TRUMPUSDTM	+0.186%	+0.0100%	4h	$4.3M	$8.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	+0.192%	L +0.0230% / S −0.0264%	1h	$12K	—	100x	as long as short
gTrade (Gains Network) TRUMP/USD	+0.216%	L +0.0008% / S −0.0007%	1h	$41K	—	150x	as long as short
dYdX TRUMP-USD	+0.223%	0.0000%	1h	$27K	$572	5x	as long as short
Aevo TRUMP-PERP	+0.224%	+0.0104%	1h	$19K	—	3x	as long as short
Orderly PERP_TRUMP_USDC	+0.233%	+0.0093%	4h	$3K	$249K	10x	as long as short
SoDEX TRUMP-USD	+0.233%	+0.0100%	1h	$75	$6K	5x	as long as short
Kraken Futures PF_TRUMPUSD	+0.237%	−0.0466%	1h	$1.0M	$2.0M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	+0.261%	0.0000%	1h	$393K	$73K	10x	as long as short
HTX TRUMP-USDT	+0.279%	+0.0100%	4h	$469K	$1.6M	50x	as long as short
BloFin TRUMP-USDT	+0.279%	+0.0340%	4h	$4.3M	$462K	75x	as long as short
SunX TRUMP-USDT	+0.326%	+0.0100%	4h	$2K	$1.4M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.377%	+0.0171%	1h	$259K	$267K	10x	as long as short