After costs, if the gap returns to its 7d average, $10k−$11
spread now+0.233%7d average+0.091%fees + slippage, in and out−$25spread needed0.248%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TRUMP | 2.1463 | 0.0024 | pay 0.0003% / 1h | 56m 24s | $960K | $577K | 10x |
| Short | Backpack TRUMP_USDC_PERP | 2.1513 | 0.0213 | get 0.0027% / 1h | 56m 24s | $258K | $264K | 10x |
Lighter TRUMP
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
- $23.3
- Funding while held
- $5.67
- Slippage, 4 orders
- −$14.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $4.16
- Spread needed to break even
- 0.248%
Slippage from Lighter: live order book, 46 min ago; Backpack: live order book, 48 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0189%
- Per $10,000 a day
- +$5.67
- 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 Lighter live order book, 46 min ago | 2.30 bp | 3.6 bp −$4 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 48 min ago | 0.23 bp | 6.0 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
TRUMP price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1400cheapest
InjectiveLighter2.1463+0.294%
Reya2.1466+0.309%OKX2.1470+0.327%MEXC2.1470+0.327%Paradex2.1477+0.362%Aster2.1479+0.368%Bybit2.1480+0.374%Gate2.1480+0.374%KuCoin2.1480+0.374%Bitget2.1480+0.374%Orderly2.1480+0.374%Aevo2.1480+0.374%SoDEX2.1481+0.379%Extended2.1481+0.379%Binance2.1487+0.407%Pacifica2.1489+0.416%Hyperliquid2.1491+0.425%dYdX2.1492+0.430%Deribit2.1493+0.435%GMX2.1495+0.443%gTrade (Gains Network)2.1495+0.443%Kraken Futures2.1503+0.479%Coinbase International2.1510+0.514%BloFin2.1510+0.514%
Reya
OKX
MEXC
Paradex
Aster
Bybit
Gate
KuCoin
Bitget
Orderly
Aevo
SoDEX
Extended
Binance
Pacifica
Hyperliquid
dYdX
Deribit
GMX
gTrade (Gains Network)
Kraken Futures
Coinbase International
BloFinBackpack2.1513+0.528%
Variational Omni2.1514+0.535%edgeX2.1516+0.543%SunX2.1520+0.561%HTX2.1540+0.654%
Variational Omni
SunX
HTXTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.294% | −0.1677% | 1h | $12K | $109K | 12x | as long as short |
| Lighter TRUMPlong | 0.000% | +0.0024% | 1h | $960K | $577K | 10x | |
| Reya TRUMPRUSDPERP | +0.014% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.033% | +0.0100% | 4h | $26.3M | $143.2M | 50x | as long as short |
| MEXC TRUMP_USDC | +0.033% | +0.0100% | 4h | $489K | $130K | 125x | as long as short |
| Paradex TRUMP-USD-PERP | +0.068% | +0.0083% | 8h | $5K | — | 5x | as long as short |
| Aster TRUMPUSDT | +0.074% | +0.0100% | 4h | $426K | $861K | 20x | as long as short |
| Bybit TRUMPUSDT | +0.079% | +0.0100% | 4h | $29.8M | $40.3M | 50x | as long as short |
| Gate TRUMP_USDT | +0.079% | +0.0100% | 4h | $7.3M | $43.2M | 75x | as long as short |
| KuCoin TRUMPUSDTM | +0.079% | +0.0100% | 4h | $4.4M | $9.0M | 50x | as long as short |