After costs, if the gap returns to its 7d average, $10k−$61
spread now+0.094%7d average−0.008%fees + slippage, in and out−$72spread needed0.715%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRUMP | 2.1205 | 0.0100 | pay 0.0013% / 1h | 44m 41s | $11.1M | $5.3M | 10x |
| Short | Deribit TRUMP_USDC-PERPETUAL | 2.1225 | 0 | get 0.0000% / 1h | 44m 41s | $388K | $70K | 10x |
Hyperliquid TRUMP
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
- $9.43
- Funding while held
- −$3
- Slippage, 4 orders
- −$55.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$65.07
- Spread needed to break even
- 0.715%
Slippage from Hyperliquid: live order book, 9 min ago; Deribit: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Hyperliquid live order book, 9 min ago | 2.13 bp | 9.4 bp −$9 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 11 min ago | 4.47 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1090cheapestExtended2.1177+0.413%Variational Omni2.1179+0.424%Gate2.1190+0.474%Lighter2.1198+0.512%OKX2.1200+0.522%MEXC2.1200+0.522%KuCoin2.1200+0.522%Bitget2.1200+0.522%Paradex2.1202+0.530%
Injective
Extended
Variational Omni
Gate
Lighter
OKX
MEXC
KuCoin
Bitget
ParadexHyperliquid2.1205+0.545%
Binance2.1210+0.569%Bybit2.1210+0.569%Orderly2.1210+0.569%Aevo2.1210+0.569%Pacifica2.1213+0.583%SoDEX2.1215+0.593%dYdX2.1216+0.597%Aster2.1217+0.604%Reya2.1220+0.616%Kraken Futures2.1220+0.617%edgeX2.1221+0.622%gTrade (Gains Network)2.1223+0.632%
Binance
Bybit
Orderly
Aevo
Pacifica
SoDEX
dYdX
Aster
Reya
Kraken Futures
gTrade (Gains Network)Deribit2.1225+0.640%
GMX2.1229+0.658%BloFin2.1230+0.664%SunX2.1240+0.711%Backpack2.1241+0.716%HTX2.1250+0.759%Coinbase International2.1290+0.948%
GMX
BloFin
SunX
Backpack
HTX
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 | −0.542% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| Extended TRUMP-USD | −0.132% | +0.0104% | 1h | $54K | $465K | 25x | as long as short |
| Variational Omni TRUMP | −0.121% | +0.0100% | 4h | $585K | $192K | — | as long as short |
| Gate TRUMP_USDT | −0.071% | +0.0100% | 4h | $7.3M | $34.7M | 75x | as long as short |
| Lighter TRUMP | −0.033% | −0.0008% | 1h | $948K | $599K | 10x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.024% | +0.0100% | 4h | $25.2M | $126.0M | 50x | as long as short |
| MEXC TRUMP_USDC | −0.024% | +0.0100% | 4h | $411K | $118K | 125x | as long as short |
| KuCoin TRUMPUSDTM | −0.024% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.024% | +0.0100% | 4h | $14.8M | $17.4M | 75x | as long as short |
| Paradex TRUMP-USD-PERP | −0.015% | +0.0073% | 8h | $5K | — | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid TRUMPlong | 0.000% | +0.0100% | 1h | $11.1M | $5.3M | 10x | |
| Binance TRUMPUSDT | +0.024% | +0.0100% | 4h | $60.2M | $177.9M | 75x | as long as short |
| Bybit TRUMPUSDT | +0.024% | +0.0100% | 4h | $28.9M | $35.5M | 50x | as long as short |
| Orderly PERP_TRUMP_USDC | +0.024% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | +0.024% | +0.0104% | 1h | $18K | — | 3x | as long as short |
| Pacifica TRUMP | +0.038% | +0.0100% | 1h | $183K | $73K | 10x | as long as short |
| SoDEX TRUMP-USD | +0.047% | +0.0018% | 1h | $83 | $6K | 5x | as long as short |
| dYdX TRUMP-USD | +0.052% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
| Aster TRUMPUSDT | +0.059% | +0.0100% | 4h | $221K | $541K | 20x | as long as short |
| Reya TRUMPRUSDPERP | +0.070% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.071% | +0.0020% | 1h | $1.0M | $1.9M | 50x | as long as short |
| edgeX TRUMPUSDC | +0.076% | +0.0050% | 4h | $115K | $218K | 20x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.086% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
| Deribit TRUMP_USDC-PERPETUALshort | +0.094% | 0.0000% | 1h | $388K | $70K | 10x | |
| GMX TRUMP/USD [ETH-USDC] | +0.112% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | as long as short |
| BloFin TRUMP-USDT | +0.118% | +0.0340% | 4h | $4.2M | $411K | 75x | as long as short |
| SunX TRUMP-USDT | +0.165% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.170% | +0.0100% | 1h | $252K | $249K | 10x | as long as short |
| HTX TRUMP-USDT | +0.212% | +0.0100% | 4h | $462K | $1.4M | 50x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.401% | +0.0408% | 1h | $276K | $370K | 50x | as long as short |