TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h +0.038%

Price spread now: GMX against Kraken Futures−0.205%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 0.205% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TRUMPUSD	2.1902	0.0286	pay 0.0036% / 1h	50m 44s	$1.3M	$2.2M	50x
Short	GMX TRUMP/USD [ETH-USDC]	2.1857	L +0.0216% / S −0.0188%	get 0.0023% / 1h	50m 44s	$10K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$20.69
Price spread: −0.205% → 0.000%: −$20.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$63.16
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	4.57 bp	22.5 bp −$23	33.5 bp −$335	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 on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1659%	1h	2.1770	−0.602%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1851	−0.233%	$5	—	10x	as long as short
Lighter TRUMP	−0.0120%	1h	2.1791	−0.506%	$970K	$792K	10x	as long as short
Gate TRUMP_USDT	−0.0110%	4h	2.1730	−0.784%	$7.6M	$49.1M	75x	as long as short
SoDEX TRUMP-USD	−0.0041%	1h	2.1865	−0.168%	$85	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1780	−0.556%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1861	−0.186%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1857	−0.204%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1808	−0.430%	$106K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0054%	8h	2.1800	−0.466%	$5K	$175	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0083%	4h	2.1850	−0.237%	$4K	$239K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1827	−0.339%	$14.4M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1833	−0.314%	$432K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	−0.484%	$188K	$56K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1771	−0.598%	$63.2M	$234.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1730	−0.784%	$31.2M	$48.0M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1730	−0.784%	$28.2M	$168.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1740	−0.739%	$427K	$142K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1830	−0.328%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	−0.921%	$15.6M	$24.7M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1883	−0.086%	$259K	$314K	10x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1831	−0.325%	$688K	$447K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.191%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1870	−0.145%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	−0.145%	$535K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1684	−0.993%	$115K	$705K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1840	−0.281%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]short	L +0.0216% / S −0.0188%	1h	2.1857	−0.205%	$10K	—	100x
Kraken Futures PF_TRUMPUSDlong	+0.0286%	1h	2.1902	long leg	$1.3M	$2.2M	50x
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.2000	+0.448%	$285K	$303K	50x	as long as short