Spread before costs (cost unknown: a leg has no order-book sample)+0.005%
7d average—if it closes, per $10,000$0funding while held, a day−$6.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRUMP/USD [ETH-USDC] | 2.1386 | L +0.0228% / S −0.0259% | pay 0.0029% / 1h | 30m 40s | $11K | — | 100x |
| Short | Deribit TRUMP_USDC-PERPETUAL | 2.1387 | 0 | get 0.0000% / 1h | 30m 40s | $401K | $77K | 10x |
GMX TRUMP/USD [ETH-USDC]
Deribit TRUMP_USDC-PERPETUALPrice 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
- $0.47
- Funding while held
- −$6.84
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$25.38
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Deribit: live order book, 10 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0228%
- Per $10,000 a day
- −$6.84
- 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 Deribit live order book, 10 min ago | 7.71 bp | 11.7 bp −$12 | 21.1 bp −$211 | 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.Injective2.1260cheapestAevo2.1368+0.508%Orderly2.1370+0.517%SoDEX2.1375+0.541%Reya2.1376+0.547%
Injective
Aevo
Orderly
SoDEX
ReyaGMX2.1386+0.593%
Lighter2.1387+0.597%
LighterDeribit2.1387+0.597%
MEXC2.1390+0.611%BloFin2.1390+0.611%dYdX2.1391+0.618%gTrade (Gains Network)2.1392+0.619%Aster2.1394+0.628%Pacifica2.1395+0.634%Variational Omni2.1396+0.641%Kraken Futures2.1398+0.648%Bybit2.1400+0.659%OKX2.1400+0.659%Gate2.1400+0.659%Bitget2.1400+0.659%SunX2.1400+0.659%Backpack2.1403+0.673%Hyperliquid2.1404+0.677%Extended2.1405+0.682%KuCoin2.1410+0.706%HTX2.1410+0.706%Paradex2.1411+0.711%Binance2.1412+0.716%edgeX2.1429+0.795%Coinbase International2.1500+1.129%
MEXC
BloFin
dYdX
gTrade (Gains Network)
Aster
Pacifica
Variational Omni
Kraken Futures
Bybit
OKX
Gate
Bitget
SunX
Backpack
Hyperliquid
Extended
KuCoin
HTX
Paradex
Binance
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.589% | −0.1677% | 1h | $12K | $110K | 12x | as long as short |
| Aevo TRUMP-PERP | −0.084% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.075% | +0.0091% | 4h | $3K | $249K | 10x | as long as short |
| SoDEX TRUMP-USD | −0.051% | +0.0100% | 1h | $84 | $6K | 5x | as long as short |
| Reya TRUMPRUSDPERP | −0.046% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| GMX TRUMP/USD [ETH-USDC]long | 0.000% | L +0.0228% / S −0.0259% | 1h | $11K | — | 100x | |
| Lighter TRUMP | +0.005% | −0.0024% | 1h | $957K | $580K | 10x | as long as short |
| Deribit TRUMP_USDC-PERPETUALshort | +0.005% | 0.0000% | 1h | $401K | $77K | 10x | |
| MEXC TRUMP_USDC | +0.019% | +0.0100% | 4h | $488K | $132K | 125x | as long as short |
| BloFin TRUMP-USDT | +0.019% | +0.0340% | 4h | $4.2M | $447K | 75x | as long as short |