TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.038%

Price spread now: Kraken Futures against GMX−0.122%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.122% cheaper against GMX than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 5.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TRUMP/USD [ETH-USDC]	2.1707	L +0.0216% / S −0.0188%	pay 0.0027% / 1h	50m 13s	$10K	—	100x
Short	Kraken Futures PF_TRUMPUSD	2.1680	0.0289	get 0.0036% / 1h	50m 13s	$1.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now −0.122%Rate

Funding earned: $15.38
Price spread: −0.122% → 0.000%: −$12.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$18.8
Costs to cover: 0.220%
Break-even: 15.6 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	4.57 bp	16.8 bp −$17	29.8 bp −$298	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 on 30 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	−0.1659%	1h	2.1770	+0.292%	$13K	$157K	12x	as long as short
Lighter TRUMP	−0.0280%	1h	2.1680	−0.123%	$965K	$792K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1686	−0.096%	$5	—	10x	as long as short
SoDEX TRUMP-USD	−0.0111%	1h	2.1655	−0.238%	$84	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0110%	4h	2.1700	−0.031%	$7.6M	$49.1M	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1780	+0.338%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1690	−0.077%	$408K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.011%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	+0.465%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0054%	8h	2.1800	+0.428%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0082%	4h	2.1690	−0.077%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1718	+0.052%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1713	+0.028%	$429K	$826K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	+0.410%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1700	−0.031%	$63.0M	$235.6M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1710	+0.015%	$31.2M	$48.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1710	+0.015%	$28.0M	$168.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1680	−0.123%	$426K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1690	−0.077%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	+0.061%	$15.5M	$24.8M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1718	+0.052%	$255K	$316K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	+0.571%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	+0.706%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1720	+0.061%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1730	+0.107%	$530K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1664	−0.195%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1675	−0.146%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]long	L +0.0216% / S −0.0188%	1h	2.1707	long leg	$10K	—	100x
Kraken Futures PF_TRUMPUSDshort	+0.0289%	1h	2.1680	−0.122%	$1.2M	$2.2M	50x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1710	+0.015%	$281K	$300K	50x	as long as short