Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average—if it closes, per $10,000$2funding while held, a day−$0.49
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRUMP/USD [ETH-USDC] | 2.1508 | L +0.0229% / S −0.0264% | pay 0.0029% / 1h | 57m 04s | $12K | — | 100x |
| Short | Backpack TRUMP_USDC_PERP | 2.1513 | 0.0213 | get 0.0027% / 1h | 57m 04s | $258K | $264K | 10x |
GMX TRUMP/USD [ETH-USDC]
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
- $2.2
- Funding while held
- −$0.49
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.29
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 48 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0016%
- Per $10,000 a day
- −$0.49
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 48 min ago | 0.23 bp | 6.0 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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.Injective2.1400cheapestBinance2.1465+0.302%Bybit2.1470+0.327%OKX2.1470+0.327%Lighter2.1488+0.411%Gate2.1490+0.421%MEXC2.1490+0.421%SoDEX2.1495+0.444%Extended2.1497+0.452%KuCoin2.1500+0.467%Bitget2.1500+0.467%Aevo2.1505+0.491%Reya2.1506+0.495%Deribit2.1507+0.500%
Injective
Binance
Bybit
OKX
Lighter
Gate
MEXC
SoDEX
Extended
KuCoin
Bitget
Aevo
Reya
DeribitGMX2.1508+0.506%
Orderly2.1510+0.514%Coinbase International2.1510+0.514%BloFin2.1510+0.514%Hyperliquid2.1512+0.523%gTrade (Gains Network)2.1512+0.524%
Orderly
Coinbase International
BloFin
Hyperliquid
gTrade (Gains Network)Backpack2.1513+0.528%
Aster2.1513+0.529%Kraken Futures2.1513+0.529%Variational Omni2.1514+0.535%edgeX2.1516+0.543%SunX2.1520+0.561%Paradex2.1521+0.568%Pacifica2.1530+0.607%HTX2.1540+0.654%dYdX2.1541+0.658%
Aster
Kraken Futures
Variational Omni
SunX
Paradex
Pacifica
HTX
dYdXTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.503% | −0.1677% | 1h | $12K | $109K | 12x | as long as short |
| Binance TRUMPUSDT | −0.203% | +0.0100% | 4h | $61.4M | $205.7M | 75x | as long as short |
| Bybit TRUMPUSDT | −0.178% | +0.0100% | 4h | $29.8M | $40.4M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.178% | +0.0100% | 4h | $26.4M | $143.4M | 50x | as long as short |
| Lighter TRUMP | −0.094% | +0.0024% | 1h | $962K | $577K | 10x | as long as short |
| Gate TRUMP_USDT | −0.085% | +0.0100% | 4h | $7.3M | $43.2M | 75x | as long as short |
| MEXC TRUMP_USDC | −0.085% | +0.0100% | 4h | $490K | $130K | 125x | as long as short |
| SoDEX TRUMP-USD | −0.062% | +0.0094% | 1h | $83 | $6K | 5x | as long as short |
| Extended TRUMP-USD | −0.054% | +0.0104% | 1h | $74K | $474K | 25x | as long as short |
| KuCoin TRUMPUSDTM | −0.038% | +0.0100% | 4h | $4.3M | $9.0M | 50x | as long as short |