After costs, if the gap returns to its 7d average, $10k−$28
spread now−0.019%7d average−0.033%fees + slippage, in and out−$30spread needed0.296%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRUMP | 2.1345 | 0.0100 | pay 0.0013% / 1h | 31m 23s | $11.2M | $5.2M | 10x |
| Short | Lighter TRUMP | 2.1341 | 0.0096 | get 0.0012% / 1h | 31m 23s | $952K | $473K | 10x |
Hyperliquid TRUMP
Lighter 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
- −$1.87
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$20.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.55
- Spread needed to break even
- 0.296%
Slippage from Hyperliquid: live order book, 3 min ago; Lighter: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 3 min ago | 0.70 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 26 min ago | 1.85 bp | 5.4 bp −$5 | 18.8 bp −$188 | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Aster2.1320cheapestBybit2.1320cheapestExtended2.1329+0.040%OKX2.1330+0.047%Gate2.1330+0.047%Orderly2.1330+0.047%Reya2.1333+0.063%gTrade (Gains Network)2.1334+0.065%Paradex2.1339+0.090%Binance2.1340+0.094%MEXC2.1340+0.094%KuCoin2.1340+0.094%Bitget2.1340+0.094%
Aster
Bybit
Extended
OKX
Gate
Orderly
Reya
gTrade (Gains Network)
Paradex
Binance
MEXC
KuCoin
BitgetLighter2.1341+0.098%
Hyperliquid2.1345+0.117%
Pacifica2.1349+0.136%HTX2.1350+0.141%dYdX2.1358+0.177%Backpack2.1360+0.188%SoDEX2.1370+0.235%Deribit2.1371+0.239%Kraken Futures2.1373+0.248%GMX2.1378+0.270%BloFin2.1390+0.328%Aevo2.1396+0.357%SunX2.1400+0.375%Injective2.1410+0.422%edgeX2.1436+0.545%Variational Omni2.1521+0.941%Coinbase International2.1540+1.032%
Pacifica
HTX
dYdX
Backpack
SoDEX
Deribit
Kraken Futures
GMX
BloFin
Aevo
SunX
Injective
Variational Omni
Coinbase InternationalTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster TRUMPUSDT | −0.117% | +0.0100% | 4h | $233K | $522K | 20x | as long as short |
| Bybit TRUMPUSDT | −0.117% | +0.0100% | 4h | $28.9M | $34.7M | 50x | as long as short |
| Extended TRUMP-USD | −0.077% | +0.0104% | 1h | $54K | $459K | 25x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.070% | +0.0100% | 4h | $26.0M | $121.4M | 50x | as long as short |
| Gate TRUMP_USDT | −0.070% | +0.0100% | 4h | $7.5M | $31.8M | 75x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.070% | +0.0100% | 4h | $3K | $249K | 10x | as long as short |
| Reya TRUMPRUSDPERP | −0.055% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.052% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
| Paradex TRUMP-USD-PERP | −0.027% | +0.0097% | 8h | $5K | $10 | 5x | as long as short |
| Binance TRUMPUSDT | −0.023% | +0.0100% | 4h | $62.0M | $169.6M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC TRUMP_USDC | −0.023% | +0.0100% | 4h | $414K | $118K | 125x | as long as short |
| KuCoin TRUMPUSDTM | −0.023% | +0.0100% | 4h | $4.4M | $7.8M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.023% | +0.0100% | 4h | $15.2M | $17.1M | 75x | as long as short |
| Lighter TRUMPshort | −0.019% | +0.0096% | 1h | $952K | $473K | 10x | |
| Hyperliquid TRUMPlong | 0.000% | +0.0100% | 1h | $11.2M | $5.2M | 10x | |
| Pacifica TRUMP | +0.019% | +0.0100% | 1h | $179K | $35K | 10x | as long as short |
| HTX TRUMP-USDT | +0.023% | +0.0100% | 4h | $487K | $1.3M | 50x | as long as short |
| dYdX TRUMP-USD | +0.060% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.070% | +0.0302% | 1h | $256K | $243K | 10x | as long as short |
| SoDEX TRUMP-USD | +0.117% | +0.0100% | 1h | $100 | $6K | 5x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | +0.122% | 0.0000% | 1h | $390K | $103K | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.131% | +0.0232% | 1h | $1.1M | $1.9M | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | +0.153% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | as long as short |
| BloFin TRUMP-USDT | +0.211% | +0.0340% | 4h | $4.3M | $457K | 75x | as long as short |
| Aevo TRUMP-PERP | +0.240% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| SunX TRUMP-USDT | +0.258% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| Injective TRUMP/USDC PERP | +0.305% | −0.1477% | 1h | $12K | $151K | 12x | as long as short |
| edgeX TRUMPUSDC | +0.427% | +0.0050% | 4h | $117K | $215K | 20x | as long as short |
| Variational Omni TRUMP | +0.823% | +0.0100% | 4h | $596K | $226K | — | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.914% | +0.0392% | 1h | $282K | $372K | 50x | as long as short |