TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Lighter−0.047%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on gTrade (Gains Network)

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 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	Lighter TRUMP	2.1736	0.0096	pay 0.0012% / 1h	45m 45s	$966K	$756K	10x
Short	gTrade (Gains Network) TRUMP/USD	2.1726	L +0.0008% / S −0.0007%	get 0.0001% / 1h	45m 45s	$41K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. 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 LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.047%Rate

Funding earned: −$18.78
Price spread: −0.047% → 0.000%: −$4.69
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 25 min ago; gTrade (Gains Network): 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 Lighter live order book, 25 min ago	1.60 bp	5.8 bp −$6	25.4 bp −$254	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 31 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	−0.1608%	1h	2.1640	−0.442%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1724	−0.054%	$5	—	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1747	+0.049%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1726	−0.046%	$407K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USDshort	L +0.0008% / S −0.0007%	1h	2.1726	−0.047%	$41K	—	150x
edgeX TRUMPUSDC	+0.0050%	4h	2.1758	+0.103%	$118K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1720	−0.074%	$3K	$249K	10x	as long as short
Lighter TRUMPlong	+0.0096%	1h	2.1736	long leg	$966K	$756K	10x
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1737	+0.006%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1741	+0.022%	$453K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1747	+0.052%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1742	+0.027%	$62.3M	$227.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1750	+0.064%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1750	+0.064%	$26.9M	$152.5M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1740	+0.018%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1740	+0.018%	$471K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1740	+0.018%	$4.0M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1750	+0.064%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1742	+0.026%	$699K	$443K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1770	+0.156%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1750	+0.064%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1725	−0.051%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1750	+0.064%	$549K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1741	+0.021%	$75K	$525K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1716	−0.093%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0202%	1h	2.1762	+0.120%	$14.0M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1727	−0.041%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1750	+0.064%	$4.2M	$625K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0387%	1h	2.1745	+0.041%	$258K	$283K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	+0.110%	$281K	$382K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0792%	1h	2.1753	+0.078%	$1.3M	$2.6M	50x	as long as short