Spread before costs (cost unknown: a leg has no order-book sample)−0.470%
7d average—if it closes, per $10,000$47funding while held, a day−$3.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRUMP/USD [ETH-USDC] | 2.1612 | L +0.0230% / S −0.0264% | pay 0.0029% / 1h | 36m 52s | $12K | — | 100x |
| Short | Bybit TRUMPUSDT | 2.1510 | 0.0100 | get 0.0050% / 4h | 36m 52s | $29.3M | $37.2M | 50x |
GMX TRUMP/USD [ETH-USDC]
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
- −$46.99
- Funding while held
- −$3.89
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.88
- Spread needed to break even
- 0.230%
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0130%
- Per $10,000 a day
- −$3.89
- 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 Bybit live order book, 3 min ago | 2.32 bp | 9.7 bp −$10 | 17.6 bp −$176 | 149.6 bp −$15.0K | 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.Bybit2.1510cheapest
OKX2.1510cheapestBitget2.1510cheapestBinance2.1520+0.046%Hyperliquid2.1531+0.098%Extended2.1536+0.120%Injective2.1540+0.139%Pacifica2.1549+0.181%Gate2.1550+0.186%MEXC2.1550+0.186%Paradex2.1554+0.202%dYdX2.1558+0.223%BloFin2.1560+0.232%KuCoin2.1570+0.279%Aster2.1578+0.316%Lighter2.1585+0.349%Reya2.1586+0.354%Orderly2.1590+0.372%SoDEX2.1590+0.372%Aevo2.1594+0.389%Backpack2.1599+0.414%Kraken Futures2.1601+0.424%Deribit2.1606+0.446%gTrade (Gains Network)2.1608+0.454%
OKX
Bitget
Binance
Hyperliquid
Extended
Injective
Pacifica
Gate
MEXC
Paradex
dYdX
BloFin
KuCoin
Aster
Lighter
Reya
Orderly
SoDEX
Aevo
Backpack
Kraken Futures
Deribit
gTrade (Gains Network)GMX2.1612+0.472%
HTX2.1620+0.511%edgeX2.1624+0.530%SunX2.1630+0.558%Variational Omni2.1633+0.572%Coinbase International2.1660+0.697%
HTX
SunX
Variational Omni
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit TRUMPUSDTshort | −0.470% | +0.0100% | 4h | $29.3M | $37.2M | 50x | |
| OKX TRUMP-USDT-SWAP | −0.470% | +0.0100% | 4h | $26.2M | $135.8M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.470% | +0.0100% | 4h | $15.0M | $18.6M | 75x | as long as short |
| Binance TRUMPUSDT | −0.424% | +0.0100% | 4h | $62.1M | $190.6M | 75x | as long as short |
| Hyperliquid TRUMP | −0.373% | +0.0100% | 1h | $11.2M | $5.5M | 10x | as long as short |
| Extended TRUMP-USD | −0.350% | +0.0104% | 1h | $54K | $464K | 25x | as long as short |
| Injective TRUMP/USDC PERP | −0.331% | −0.1587% | 1h | $13K | $174K | 12x | as long as short |
| Pacifica TRUMP | −0.289% | +0.0100% | 1h | $187K | $73K | 10x | as long as short |
| Gate TRUMP_USDT | −0.285% | +0.0100% | 4h | $7.3M | $39.5M | 75x | as long as short |
| MEXC TRUMP_USDC | −0.285% | +0.0100% | 4h | $454K | $124K | 125x | as long as short |