After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.088%7d average+0.025%fees + slippage, in and out−$48spread needed0.476%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TRUMPUSD | 2.1361 | 0.0020 | pay 0.0003% / 1h | 28m 06s | $1.0M | $1.9M | 50x |
| Short | Backpack TRUMP_USDC_PERP | 2.1380 | 0.0211 | get 0.0026% / 1h | 28m 06s | $253K | $247K | 10x |
Kraken Futures PF_TRUMPUSD
Backpack TRUMP_USDC_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
- $8.77
- Funding while held
- $5.74
- Slippage, 4 orders
- −$27.61
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$33.1
- Spread needed to break even
- 0.476%
Slippage from Kraken Futures: live order book, 2 min ago; Backpack: live order book, 27 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0191%
- Per $10,000 a day
- +$5.74
- 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 Kraken Futures live order book, 2 min ago | 2.34 bp | 16.4 bp −$16 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 27 min ago | 0.23 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International2.1290cheapestInjective2.1300+0.047%Extended2.1347+0.268%Lighter2.1348+0.272%Bybit2.1350+0.282%MEXC2.1350+0.282%Orderly2.1350+0.282%Aevo2.1350+0.283%Paradex2.1352+0.289%dYdX2.1354+0.303%Hyperliquid2.1357+0.315%SoDEX2.1357+0.315%gTrade (Gains Network)2.1359+0.324%GMX2.1359+0.324%Reya2.1360+0.327%Binance2.1360+0.329%OKX2.1360+0.329%Gate2.1360+0.329%KuCoin2.1360+0.329%Bitget2.1360+0.329%Deribit2.1360+0.329%BloFin2.1360+0.329%
Coinbase International
Injective
Extended
Lighter
Bybit
MEXC
Orderly
Aevo
Paradex
dYdX
Hyperliquid
SoDEX
gTrade (Gains Network)
GMX
Reya
Binance
OKX
Gate
KuCoin
Bitget
Deribit
BloFinKraken Futures2.1361+0.335%
Pacifica2.1363+0.343%Aster2.1365+0.350%
Pacifica
AsterBackpack2.1380+0.423%
SunX2.1380+0.423%HTX2.1380+0.423%edgeX2.1385+0.446%Variational Omni2.1390+0.470%
SunX
HTX
Variational OmniTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International TRUMP-PERP-INTX | −0.334% | +0.0408% | 1h | $276K | $369K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.287% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| Extended TRUMP-USD | −0.067% | +0.0104% | 1h | $54K | $464K | 25x | as long as short |
| Lighter TRUMP | −0.062% | 0.0000% | 1h | $957K | $606K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.053% | +0.0100% | 4h | $29.1M | $35.7M | 50x | as long as short |
| MEXC TRUMP_USDC | −0.053% | +0.0100% | 4h | $414K | $119K | 125x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.053% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.051% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Paradex TRUMP-USD-PERP | −0.045% | +0.0078% | 8h | $5K | — | 5x | as long as short |
| dYdX TRUMP-USD | −0.032% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid TRUMP | −0.020% | +0.0100% | 1h | $11.1M | $5.4M | 10x | as long as short |
| SoDEX TRUMP-USD | −0.020% | +0.0100% | 1h | $84 | $6K | 5x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.011% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | −0.010% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | as long as short |
| Reya TRUMPRUSDPERP | −0.007% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Binance TRUMPUSDT | −0.006% | +0.0100% | 4h | $61.3M | $179.6M | 75x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.006% | +0.0100% | 4h | $25.8M | $127.9M | 50x | as long as short |
| Gate TRUMP_USDT | −0.006% | +0.0100% | 4h | $7.3M | $35.5M | 75x | as long as short |
| KuCoin TRUMPUSDTM | −0.006% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.006% | +0.0100% | 4h | $14.9M | $17.5M | 75x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.006% | 0.0000% | 1h | $390K | $70K | 10x | as long as short |
| BloFin TRUMP-USDT | −0.006% | +0.0340% | 4h | $4.1M | $434K | 75x | as long as short |
| Kraken Futures PF_TRUMPUSDlong | 0.000% | +0.0020% | 1h | $1.0M | $1.9M | 50x | |
| Pacifica TRUMP | +0.009% | +0.0100% | 1h | $185K | $74K | 10x | as long as short |
| Aster TRUMPUSDT | +0.015% | +0.0100% | 4h | $221K | $545K | 20x | as long as short |
| Backpack TRUMP_USDC_PERPshort | +0.088% | +0.0211% | 1h | $253K | $247K | 10x | |
| SunX TRUMP-USDT | +0.088% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| HTX TRUMP-USDT | +0.088% | +0.0100% | 4h | $464K | $1.4M | 50x | as long as short |
| edgeX TRUMPUSDC | +0.111% | +0.0050% | 4h | $116K | $218K | 20x | as long as short |
| Variational Omni TRUMP | +0.134% | +0.0100% | 4h | $591K | $192K | — | as long as short |