Spread before costs (cost unknown: a leg has no order-book sample)+0.115%
7d average—if it closes, per $10,000$12funding while held, a day+$4.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRUMP | 2.1353 | 0.0100 | pay 0.0013% / 1h | 32m 03s | $11.2M | $5.2M | 10x |
| Short | GMX TRUMP/USD [ETH-USDC] | 2.1378 | L +0.0229% / S −0.0264% | get 0.0033% / 1h | 32m 03s | $11K | — | 100x |
Hyperliquid TRUMP
GMX TRUMP/USD [ETH-USDC]Price 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
- $11.51
- Funding while held
- $4.92
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$4.57
- Spread needed to break even
- 0.210%
Slippage unknown: Hyperliquid: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0164%
- Per $10,000 a day
- +$4.92
- 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, 2 min ago | 0.70 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.Gate2.1340cheapestLighter2.1348+0.037%Bybit2.1350+0.047%OKX2.1350+0.047%Bitget2.1350+0.047%HTX2.1350+0.047%
Gate
Lighter
Bybit
OKX
Bitget
HTXHyperliquid2.1353+0.061%
Binance2.1357+0.078%Extended2.1359+0.088%MEXC2.1360+0.094%KuCoin2.1360+0.094%Backpack2.1360+0.094%Orderly2.1370+0.141%SoDEX2.1370+0.141%Deribit2.1371+0.145%Kraken Futures2.1373+0.154%gTrade (Gains Network)2.1374+0.160%
Binance
Extended
MEXC
KuCoin
Backpack
Orderly
SoDEX
Deribit
Kraken Futures
gTrade (Gains Network)GMX2.1378+0.176%
Reya2.1386+0.215%BloFin2.1390+0.234%Aevo2.1396+0.263%SunX2.1400+0.281%Aster2.1403+0.294%Injective2.1410+0.328%Paradex2.1414+0.347%dYdX2.1415+0.350%Pacifica2.1422+0.383%edgeX2.1488+0.696%Variational Omni2.1521+0.846%Coinbase International2.1540+0.937%
Reya
BloFin
Aevo
SunX
Aster
Injective
Paradex
dYdX
Pacifica
Variational Omni
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate TRUMP_USDT | −0.061% | +0.0100% | 4h | $7.5M | $31.8M | 75x | as long as short |
| Lighter TRUMP | −0.023% | +0.0096% | 1h | $952K | $472K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.014% | +0.0100% | 4h | $29.0M | $34.6M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.014% | +0.0100% | 4h | $26.0M | $121.3M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.014% | +0.0100% | 4h | $15.2M | $17.1M | 75x | as long as short |
| HTX TRUMP-USDT | −0.014% | +0.0100% | 4h | $487K | $1.3M | 50x | as long as short |
| Hyperliquid TRUMPlong | 0.000% | +0.0100% | 1h | $11.2M | $5.2M | 10x | |
| Binance TRUMPUSDT | +0.017% | +0.0100% | 4h | $62.1M | $168.9M | 75x | as long as short |
| Extended TRUMP-USD | +0.027% | +0.0104% | 1h | $54K | $459K | 25x | as long as short |
| MEXC TRUMP_USDC | +0.033% | +0.0100% | 4h | $414K | $118K | 125x | as long as short |