Spread before costs (cost unknown: a leg has no order-book sample)+0.026%
7d average—if it closes, per $10,000$3funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TRUMP-USD | 2.1354 | 0 | get 0.0000% / 1h | 28m 25s | $27K | $342 | 5x |
| Short | Bybit TRUMPUSDT | 2.1360 | 0.0100 | get 0.0050% / 4h | 1h 28m | $29.1M | $35.7M | 50x |
dYdX TRUMP-USD
Bybit TRUMPUSDTPrice 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
- $2.6
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.4
- Spread needed to break even
- 0.210%
Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 2.34 bp | 7.8 bp −$8 | 15.0 bp −$150 | 127.8 bp −$12.8K | 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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International2.1290cheapestInjective2.1300+0.047%Reya2.1330+0.187%Orderly2.1330+0.188%Aevo2.1330+0.188%SoDEX2.1336+0.216%MEXC2.1340+0.235%GMX2.1341+0.238%Deribit2.1341+0.240%gTrade (Gains Network)2.1342+0.245%Hyperliquid2.1345+0.258%Backpack2.1347+0.268%Aster2.1348+0.271%Kraken Futures2.1350+0.280%Gate2.1350+0.282%KuCoin2.1350+0.282%Paradex2.1352+0.289%
Coinbase International
Injective
Reya
Orderly
Aevo
SoDEX
MEXC
GMX
Deribit
gTrade (Gains Network)
Hyperliquid
Backpack
Aster
Kraken Futures
Gate
KuCoin
ParadexdYdX2.1354+0.303%
Extended2.1357+0.315%Lighter2.1357+0.315%
Extended
LighterBybit2.1360+0.329%
BloFin2.1360+0.329%Pacifica2.1363+0.343%Binance2.1364+0.348%OKX2.1370+0.376%Bitget2.1370+0.376%SunX2.1370+0.376%HTX2.1380+0.423%edgeX2.1385+0.446%Variational Omni2.1390+0.470%
BloFin
Pacifica
Binance
OKX
Bitget
SunX
HTX
Variational OmniTRUMP 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 | −0.302% | +0.0408% | 1h | $276K | $369K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.255% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| Reya TRUMPRUSDPERP | −0.116% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.114% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.114% | +0.0104% | 1h | $18K | — | 3x | as long as short |
| SoDEX TRUMP-USD | −0.086% | +0.0100% | 1h | $86 | $6K | 5x | as long as short |
| MEXC TRUMP_USDC | −0.068% | +0.0100% | 4h | $414K | $119K | 125x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | −0.065% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.063% | −0.0031% | 1h | $390K | $70K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.058% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid TRUMP | −0.044% | +0.0100% | 1h | $11.1M | $5.4M | 10x | as long as short |
| Backpack TRUMP_USDC_PERP | −0.035% | +0.0214% | 1h | $252K | $247K | 10x | as long as short |
| Aster TRUMPUSDT | −0.032% | +0.0100% | 4h | $221K | $545K | 20x | as long as short |
| Kraken Futures PF_TRUMPUSD | −0.023% | +0.0020% | 1h | $1.0M | $1.9M | 50x | as long as short |
| Gate TRUMP_USDT | −0.021% | +0.0100% | 4h | $7.3M | $35.5M | 75x | as long as short |
| KuCoin TRUMPUSDTM | −0.021% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
| Paradex TRUMP-USD-PERP | −0.013% | +0.0078% | 8h | $5K | — | 5x | as long as short |
| dYdX TRUMP-USDlong | 0.000% | 0.0000% | 1h | $27K | $342 | 5x | |
| Extended TRUMP-USD | +0.012% | +0.0104% | 1h | $54K | $464K | 25x | as long as short |
| Lighter TRUMP | +0.012% | 0.0000% | 1h | $958K | $606K | 10x | as long as short |
| Bybit TRUMPUSDTshort | +0.026% | +0.0100% | 4h | $29.1M | $35.7M | 50x | |
| BloFin TRUMP-USDT | +0.026% | +0.0340% | 4h | $4.1M | $434K | 75x | as long as short |
| Pacifica TRUMP | +0.041% | +0.0100% | 1h | $185K | $74K | 10x | as long as short |
| Binance TRUMPUSDT | +0.045% | +0.0100% | 4h | $61.3M | $179.6M | 75x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.073% | +0.0100% | 4h | $25.8M | $128.0M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.073% | +0.0100% | 4h | $14.9M | $17.5M | 75x | as long as short |
| SunX TRUMP-USDT | +0.073% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| HTX TRUMP-USDT | +0.120% | +0.0100% | 4h | $464K | $1.4M | 50x | as long as short |
| edgeX TRUMPUSDC | +0.143% | +0.0050% | 4h | $116K | $218K | 20x | as long as short |
| Variational Omni TRUMP | +0.166% | +0.0100% | 4h | $591K | $192K | — | as long as short |