Spread before costs (cost unknown: a leg has no order-book sample)−0.008%
7d average—if it closes, per $10,000$1funding while held, a day+$7.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRUMP_USDC-PERPETUAL | 2.1715 | 0 | get 0.0000% / 1h | 37m 54s | $407K | $83K | 10x |
| Short | GMX TRUMP/USD [ETH-USDC] | 2.1713 | L +0.0230% / S −0.0264% | get 0.0033% / 1h | 37m 54s | $12K | — | 100x |
Deribit TRUMP_USDC-PERPETUAL
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
- −$0.76
- Funding while held
- $7.92
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$11.85
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: live order book, 7 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0264%
- Per $10,000 a day
- +$7.92
- 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 Deribit live order book, 7 min ago | 6.89 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | 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.Bybit2.1620cheapestBitget2.1620cheapestInjective2.1620cheapestBinance2.1629+0.040%OKX2.1630+0.046%Gate2.1630+0.046%KuCoin2.1640+0.093%MEXC2.1650+0.139%Extended2.1651+0.143%Hyperliquid2.1656+0.167%Aster2.1678+0.266%Lighter2.1696+0.352%Reya2.1701+0.377%Paradex2.1702+0.379%Backpack2.1704+0.389%Aevo2.1705+0.393%SoDEX2.1705+0.393%HTX2.1710+0.416%
Bybit
Bitget
Injective
Binance
OKX
Gate
KuCoin
MEXC
Extended
Hyperliquid
Aster
Lighter
Reya
Paradex
Backpack
Aevo
SoDEX
HTXGMX2.1713+0.432%
Deribit2.1715+0.439%
Kraken Futures2.1718+0.452%gTrade (Gains Network)2.1720+0.463%Orderly2.1720+0.463%Pacifica2.1726+0.491%SunX2.1730+0.509%BloFin2.1740+0.555%edgeX2.1747+0.587%dYdX2.1752+0.610%Variational Omni2.1755+0.623%Coinbase International2.1950+1.526%
Kraken Futures
gTrade (Gains Network)
Orderly
Pacifica
SunX
BloFin
dYdX
Variational Omni
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TRUMPUSDT | −0.437% | +0.0100% | 4h | $29.9M | $40.8M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.437% | +0.0100% | 4h | $15.2M | $19.9M | 75x | as long as short |
| Injective TRUMP/USDC PERP | −0.437% | −0.1508% | 1h | $13K | $151K | 12x | as long as short |
| Binance TRUMPUSDT | −0.398% | +0.0100% | 4h | $62.8M | $205.8M | 75x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.391% | +0.0100% | 4h | $26.7M | $147.8M | 50x | as long as short |
| Gate TRUMP_USDT | −0.391% | +0.0090% | 4h | $7.4M | $42.4M | 75x | as long as short |
| KuCoin TRUMPUSDTM | −0.345% | +0.0100% | 4h | $4.4M | $8.9M | 50x | as long as short |
| MEXC TRUMP_USDC | −0.299% | +0.0100% | 4h | $452K | $130K | 125x | as long as short |
| Extended TRUMP-USD | −0.295% | +0.0104% | 1h | $75K | $482K | 25x | as long as short |
| Hyperliquid TRUMP | −0.272% | +0.0114% | 1h | $13.7M | $7.3M | 10x | as long as short |