Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$3funding while held, a day−$3.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TRUMP/USD [ETH-USDC] | 2.1411 | L +0.0229% / S −0.0264% | pay 0.0029% / 1h | 32m 17s | $11K | — | 100x |
| Short | Hyperliquid TRUMP | 2.1404 | 0.0100 | get 0.0013% / 1h | 32m 17s | $11.1M | $5.3M | 10x |
GMX TRUMP/USD [ETH-USDC]
Hyperliquid TRUMPPrice 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
- −$3.5
- Funding while held
- −$3.88
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.38
- Spread needed to break even
- 0.210%
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0129%
- Per $10,000 a day
- −$3.88
- 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 Hyperliquid live order book, 12 min ago | 0.71 bp | 5.2 bp −$5 | 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.Injective2.1180cheapestCoinbase International2.1290+0.519%Variational Omni2.1330+0.707%BloFin2.1380+0.944%Paradex2.1390+0.991%MEXC2.1390+0.992%Lighter2.1391+0.996%edgeX2.1396+1.019%dYdX2.1396+1.020%Extended2.1398+1.027%SoDEX2.1399+1.034%Reya2.1400+1.038%Bybit2.1400+1.039%OKX2.1400+1.039%Bitget2.1400+1.039%Orderly2.1400+1.039%Aevo2.1400+1.039%Aster2.1401+1.043%Pacifica2.1403+1.051%
Injective
Coinbase International
Variational Omni
BloFin
Paradex
MEXC
Lighter
dYdX
Extended
SoDEX
Reya
Bybit
OKX
Bitget
Orderly
Aevo
Aster
PacificaHyperliquid2.1404+1.057%
gTrade (Gains Network)2.1404+1.058%Binance2.1405+1.061%Backpack2.1408+1.076%Kraken Futures2.1408+1.078%Deribit2.1409+1.081%Gate2.1410+1.086%
gTrade (Gains Network)
Binance
Backpack
Kraken Futures
Deribit
GateGMX2.1411+1.092%
KuCoin2.1420+1.133%SunX2.1430+1.180%HTX2.1430+1.180%
KuCoin
SunX
HTXTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −1.080% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.566% | +0.0408% | 1h | $276K | $369K | 50x | as long as short |
| Variational Omni TRUMP | −0.381% | +0.0100% | 4h | $589K | $192K | — | as long as short |
| BloFin TRUMP-USDT | −0.146% | +0.0340% | 4h | $4.1M | $440K | 75x | as long as short |
| Paradex TRUMP-USD-PERP | −0.100% | +0.0077% | 8h | $5K | — | 5x | as long as short |
| MEXC TRUMP_USDC | −0.099% | +0.0100% | 4h | $415K | $119K | 125x | as long as short |
| Lighter TRUMP | −0.095% | 0.0000% | 1h | $959K | $606K | 10x | as long as short |
| edgeX TRUMPUSDC | −0.073% | +0.0050% | 4h | $116K | $217K | 20x | as long as short |
| dYdX TRUMP-USD | −0.071% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
| Extended TRUMP-USD | −0.064% | +0.0104% | 1h | $54K | $465K | 25x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX TRUMP-USD | −0.057% | +0.0100% | 1h | $86 | $6K | 5x | as long as short |
| Reya TRUMPRUSDPERP | −0.053% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Bybit TRUMPUSDT | −0.053% | +0.0100% | 4h | $29.2M | $35.7M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.053% | +0.0100% | 4h | $25.8M | $128.1M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.053% | +0.0100% | 4h | $14.9M | $17.4M | 75x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.053% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.053% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Aster TRUMPUSDT | −0.049% | +0.0100% | 4h | $221K | $545K | 20x | as long as short |
| Pacifica TRUMP | −0.041% | +0.0100% | 1h | $186K | $74K | 10x | as long as short |
| Hyperliquid TRUMPshort | −0.035% | +0.0100% | 1h | $11.1M | $5.3M | 10x | |
| gTrade (Gains Network) TRUMP/USD | −0.034% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
| Binance TRUMPUSDT | −0.031% | +0.0100% | 4h | $61.2M | $179.5M | 75x | as long as short |
| Backpack TRUMP_USDC_PERP | −0.015% | +0.0204% | 1h | $253K | $248K | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | −0.014% | +0.0020% | 1h | $1.0M | $1.9M | 50x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.011% | 0.0000% | 1h | $391K | $70K | 10x | as long as short |
| Gate TRUMP_USDT | −0.006% | +0.0100% | 4h | $7.3M | $35.4M | 75x | as long as short |
| GMX TRUMP/USD [ETH-USDC]long | 0.000% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | |
| KuCoin TRUMPUSDTM | +0.041% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
| SunX TRUMP-USDT | +0.087% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| HTX TRUMP-USDT | +0.087% | +0.0100% | 4h | $465K | $1.4M | 50x | as long as short |