TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0454%/8h= +49.7% APRnext payment +$0.57 per $10,000 · paid last 24h +0.090%

Price spread now: Backpack against dYdX−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.030% cheaper against dYdX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRUMP-USD	2.2400	0	get 0.0000% / 1h	5m 01s	$28K	$512	5x
Short	Backpack TRUMP_USDC_PERP	2.2393	0.0454	get 0.0057% / 1h	5m 01s	$265K	$302K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BackpackbpOrdersPrice spread, now −0.030%Rate

Funding earned: $95.39
Price spread: −0.030% → 0.000%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $72.38
Costs to cover: 0.200%
Break-even: 1.7 days

Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 3 min ago. Net counts fees only.

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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.22 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit

dYdX: 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 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1608%	1h	2.2260	−0.624%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.2371	−0.129%	$5	—	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0063%	1h	2.2370	−0.133%	$419K	$78K	10x	as long as short
dYdX TRUMP-USDlong	0.0000%	1h	2.2400	long leg	$28K	$512	5x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2375	−0.110%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2432	+0.144%	$109K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0086%	8h	2.2395	−0.022%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0094%	4h	2.2360	−0.177%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2354	−0.204%	$991K	$782K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2370	−0.132%	$467K	$837K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2394	−0.027%	$194K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2370	−0.133%	$64.7M	$228.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2360	−0.177%	$31.7M	$46.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2370	−0.133%	$29.1M	$163.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2360	−0.177%	$7.9M	$49.0M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2410	+0.046%	$483K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2380	−0.088%	$4.2M	$10.7M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2390	−0.044%	$16.2M	$22.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2321	−0.352%	$710K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2470	+0.314%	$190K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2390	−0.044%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2366	−0.151%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2400	+0.001%	$581K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2400	0.000%	$80K	$600K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2360	−0.178%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0108%	1h	2.2380	−0.088%	$14.5M	$6.6M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2372	−0.123%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2350	−0.222%	$4.3M	$672K	75x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0454%	1h	2.2393	−0.030%	$265K	$302K	10x
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2390	−0.044%	$297K	$257K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0769%	1h	2.2394	−0.027%	$1.3M	$2.6M	50x	as long as short