TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0412%/8h= +45.1% APRnext payment +$0.51 per $10,000 · paid last 24h +0.082%

Price spread now: Backpack against gTrade (Gains Network)+0.179%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.179% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TRUMP/USD	2.1454	L +0.0008% / S −0.0007%	pay 0.0001% / 1h	14m 27s	$40K	—	150x
Short	Backpack TRUMP_USDC_PERP	2.1492	0.0420	get 0.0053% / 1h	14m 27s	$380K	$417K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.179%Rate

Funding earned: $86.5
Price spread: +0.179% → 0.000%: $17.85
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $84.35
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 29 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 29 min ago	0.23 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1927%	1h	2.1380	−0.344%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1444	−0.046%	$5	—	10x	as long as short
Binance TRUMPUSDT	−0.0169%	4h	2.1455	+0.007%	$60.6M	$251.4M	75x	as long as short
Extended TRUMP-USD	−0.0168%	1h	2.1449	−0.023%	$74K	$521K	25x	as long as short
Variational Omni TRUMP	−0.0117%	4h	2.1461	+0.035%	$663K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0101%	4h	2.1440	−0.064%	$26.6M	$184.6M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1485	+0.145%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0086%	4h	2.1480	+0.121%	$105K	$265K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0056%	4h	2.1460	+0.029%	$5K	$251K	10x	as long as short
Gate TRUMP_USDT	−0.0050%	4h	2.1460	+0.029%	$7.7M	$53.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0040%	4h	2.1460	+0.029%	$30.5M	$52.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1459	+0.025%	$404K	$81K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0029%	8h	2.1456	+0.009%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0027%	1h	2.1455	+0.006%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1466	+0.056%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USDlong	L +0.0008% / S −0.0007%	1h	2.1454	long leg	$40K	—	150x
Aevo TRUMP-PERP	+0.0040%	1h	2.1445	−0.041%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0072%	4h	2.1440	−0.064%	$4.1M	$701K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1451	−0.013%	$938K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1478	+0.113%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1466	+0.058%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1473	+0.090%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1450	−0.017%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1460	+0.029%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	−0.017%	$15.3M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1480	+0.122%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.076%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.076%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1451	−0.012%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1490	+0.169%	$187K	$443K	50x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0420%	1h	2.1492	+0.179%	$380K	$417K	10x