Spread before costs (cost unknown: a leg has no order-book sample)−0.108%
7d average—if it closes, per $10,000$11funding while held, a day−$0.80
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TRUMP | 2.1820 | 0.0100 | pay 0.0013% / 1h | 42m 45s | $13.7M | $7.2M | 10x |
| Short | Paradex TRUMP-USD-PERP | 2.1797 | 0.0073 | get 0.0073% / 8h | 7h 42m | $5K | — | 5x |
Hyperliquid TRUMP
Paradex TRUMP-USD-PERPPrice 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
- −$10.75
- Funding while held
- −$0.8
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$24.56
- Spread needed to break even
- 0.130%
Slippage unknown: Hyperliquid: live order book, 11 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0027%
- Per $10,000 a day
- −$0.80
- 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, 11 min ago | 0.23 bp | 5.8 bp −$6 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Injective2.1750cheapestVariational Omni2.1756+0.027%edgeX2.1762+0.054%Lighter2.1787+0.170%Bybit2.1790+0.184%OKX2.1790+0.184%
Injective
Variational Omni
Lighter
Bybit
OKXParadex2.1797+0.214%
Binance2.1797+0.215%Pacifica2.1799+0.224%dYdX2.1800+0.230%MEXC2.1800+0.230%KuCoin2.1800+0.230%Bitget2.1800+0.230%Gate2.1810+0.276%SoDEX2.1812+0.285%Deribit2.1818+0.313%
Binance
Pacifica
dYdX
MEXC
KuCoin
Bitget
Gate
SoDEX
DeribitHyperliquid2.1820+0.322%
Aevo2.1820+0.322%Aster2.1822+0.330%Extended2.1824+0.339%Kraken Futures2.1828+0.359%Orderly2.1830+0.368%GMX2.1834+0.387%gTrade (Gains Network)2.1839+0.411%SunX2.1840+0.414%Reya2.1848+0.451%HTX2.1850+0.460%Backpack2.1853+0.474%BloFin2.1860+0.506%Coinbase International2.1950+0.920%
Aevo
Aster
Extended
Kraken Futures
Orderly
GMX
gTrade (Gains Network)
SunX
Reya
HTX
Backpack
BloFin
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 | −0.321% | −0.1508% | 1h | $13K | $151K | 12x | as long as short |
| Variational Omni TRUMP | −0.293% | +0.0100% | 4h | $676K | $235K | — | as long as short |
| edgeX TRUMPUSDC | −0.267% | +0.0050% | 4h | $118K | $243K | 20x | as long as short |
| Lighter TRUMP | −0.151% | +0.0096% | 1h | $974K | $579K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.137% | +0.0100% | 4h | $30.2M | $40.7M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.137% | +0.0100% | 4h | $26.9M | $148.6M | 50x | as long as short |
| Paradex TRUMP-USD-PERPshort | −0.108% | +0.0073% | 8h | $5K | — | 5x | |
| Binance TRUMPUSDT | −0.106% | +0.0100% | 4h | $63.3M | $205.1M | 75x | as long as short |
| Pacifica TRUMP | −0.097% | +0.0100% | 1h | $188K | $75K | 10x | as long as short |
| dYdX TRUMP-USD | −0.092% | 0.0000% | 1h | $27K | $478 | 5x | as long as short |