After costs, if the gap returns to its 7d average, $10k−$84
spread now−0.317%7d average+0.099%fees + slippage, in and out−$43spread needed0.425%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRUMPUSDC | 2.1940 | 0.0050 | pay 0.0025% / 4h | 3h 50m | $119K | $242K | 20x |
| Short | Backpack TRUMP_USDC_PERP | 2.1871 | 0.0251 | get 0.0031% / 1h | 50m 27s | $258K | $271K | 10x |
Backpack TRUMP_USDC_PERPPrice 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
- −$31.66
- Funding while held
- $6.04
- Slippage, 4 orders
- −$23.52
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$68.15
- Spread needed to break even
- 0.425%
Slippage from edgeX: live order book, 58 min ago; Backpack: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0201%
- Per $10,000 a day
- +$6.04
- 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 edgeX live order book, 58 min ago | 6.88 bp | 14.5 bp −$15 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 59 min ago | 0.23 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Bybit2.1720cheapestOKX2.1720cheapestMEXC2.1720cheapestKuCoin2.1720cheapestOrderly2.1720cheapestInjective2.1720cheapestBinance2.1723+0.014%Extended2.1730+0.046%Aster2.1730+0.046%Gate2.1730+0.046%GMX2.1730+0.047%Reya2.1735+0.071%gTrade (Gains Network)2.1736+0.076%Bitget2.1740+0.092%Lighter2.1745+0.115%Hyperliquid2.1746+0.119%Paradex2.1754+0.155%Pacifica2.1763+0.199%dYdX2.1770+0.230%Aevo2.1819+0.455%Deribit2.1833+0.520%HTX2.1840+0.552%BloFin2.1840+0.552%SunX2.1850+0.599%Kraken Futures2.1850+0.601%
Bybit
OKX
MEXC
KuCoin
Orderly
Injective
Binance
Extended
Aster
Gate
GMX
Reya
gTrade (Gains Network)
Bitget
Lighter
Hyperliquid
Paradex
Pacifica
dYdX
Aevo
Deribit
HTX
BloFin
SunX
Kraken FuturesBackpack2.1871+0.695%
Variational Omni2.1877+0.722%SoDEX2.1940+1.013%Coinbase International2.1950+1.059%
Variational Omni
SoDEX
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TRUMPUSDT | −1.005% | +0.0100% | 4h | $30.1M | $40.4M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −1.005% | +0.0100% | 4h | $26.8M | $147.3M | 50x | as long as short |
| MEXC TRUMP_USDC | −1.005% | +0.0100% | 4h | $454K | $126K | 125x | as long as short |
| KuCoin TRUMPUSDTM | −1.005% | +0.0100% | 4h | $4.3M | $8.8M | 50x | as long as short |
| Orderly PERP_TRUMP_USDC | −1.005% | +0.0092% | 4h | $3K | $249K | 10x | as long as short |
| Injective TRUMP/USDC PERP | −1.005% | −0.1508% | 1h | $13K | $151K | 12x | as long as short |
| Binance TRUMPUSDT | −0.991% | +0.0100% | 4h | $63.2M | $204.2M | 75x | as long as short |
| Extended TRUMP-USD | −0.960% | +0.0104% | 1h | $55K | $464K | 25x | as long as short |
| Aster TRUMPUSDT | −0.959% | +0.0100% | 4h | $434K | $871K | 20x | as long as short |
| Gate TRUMP_USDT | −0.959% | −0.0104% | 4h | $7.4M | $41.4M | 75x | as long as short |