Spread before costs (cost unknown: a leg has no order-book sample)−0.574%
7d average+0.032%if it closes, per $10,000$57funding while held, a day+$0.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRUMP_USDC | 2.1600 | 0.0092 | pay 0.0046% / 4h | 2h 51m | $3K | $249K | 10x |
| Short | Variational Omni TRUMP | 2.1476 | 0.0100 | get 0.0050% / 4h | 2h 51m | $667K | $239K | — |
Orderly PERP_TRUMP_USDC
Variational Omni TRUMPPrice 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
- −$57.42
- Funding while held
- $0.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$63.18
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 54 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0008%
- Per $10,000 a day
- +$0.25
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 54 min ago | 5.01 bp | doesn't fit | 15.9 bp −$159 | doesn't fit | doesn't fit |
Orderly: 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.Injective2.1440cheapest
InjectiveVariational Omni2.1476+0.168%
edgeX2.1508+0.318%dYdX2.1530+0.420%Pacifica2.1545+0.489%Paradex2.1548+0.505%Coinbase International2.1560+0.560%BloFin2.1580+0.653%Aevo2.1595+0.723%Reya2.1596+0.728%Lighter2.1597+0.732%Gate2.1600+0.746%MEXC2.1600+0.746%
dYdX
Pacifica
Paradex
Coinbase International
BloFin
Aevo
Reya
Lighter
Gate
MEXCOrderly2.1600+0.746%
Extended2.1607+0.777%GMX2.1608+0.782%SoDEX2.1608+0.784%Bybit2.1610+0.793%OKX2.1610+0.793%Binance2.1612+0.800%gTrade (Gains Network)2.1612+0.802%Deribit2.1617+0.826%Aster2.1618+0.832%KuCoin2.1620+0.840%Bitget2.1620+0.840%SunX2.1620+0.840%HTX2.1620+0.840%Hyperliquid2.1626+0.868%Kraken Futures2.1632+0.895%Backpack2.1633+0.900%
Extended
GMX
SoDEX
Bybit
OKX
Binance
gTrade (Gains Network)
Deribit
Aster
KuCoin
Bitget
SunX
HTX
Hyperliquid
Kraken Futures
BackpackTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.741% | −0.1677% | 1h | $12K | $109K | 12x | as long as short |
| Variational Omni TRUMPshort | −0.574% | +0.0100% | 4h | $667K | $239K | — | |
| edgeX TRUMPUSDC | −0.425% | +0.0050% | 4h | $117K | $242K | 20x | as long as short |
| dYdX TRUMP-USD | −0.324% | 0.0000% | 1h | $27K | $481 | 5x | as long as short |
| Pacifica TRUMP | −0.256% | +0.0100% | 1h | $186K | $71K | 10x | as long as short |
| Paradex TRUMP-USD-PERP | −0.239% | +0.0081% | 8h | $5K | — | 5x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.185% | +0.0496% | 1h | $285K | $388K | 50x | as long as short |
| BloFin TRUMP-USDT | −0.093% | +0.0340% | 4h | $4.2M | $456K | 75x | as long as short |
| Aevo TRUMP-PERP | −0.023% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| Reya TRUMPRUSDPERP | −0.018% | −0.0245% | 1h | $5 | — | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter TRUMP | −0.014% | +0.0048% | 1h | $966K | $577K | 10x | as long as short |
| Gate TRUMP_USDT | 0.000% | +0.0100% | 4h | $7.4M | $43.3M | 75x | as long as short |
| MEXC TRUMP_USDC | 0.000% | +0.0100% | 4h | $492K | $131K | 125x | as long as short |
| Orderly PERP_TRUMP_USDClong | 0.000% | +0.0092% | 4h | $3K | $249K | 10x | |
| Extended TRUMP-USD | +0.031% | +0.0104% | 1h | $74K | $474K | 25x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | +0.036% | L +0.0229% / S −0.0264% | 1h | $12K | — | 100x | as long as short |
| SoDEX TRUMP-USD | +0.037% | +0.0100% | 1h | $85 | $6K | 5x | as long as short |
| Bybit TRUMPUSDT | +0.046% | +0.0100% | 4h | $30.1M | $40.3M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.046% | +0.0100% | 4h | $26.5M | $143.6M | 50x | as long as short |
| Binance TRUMPUSDT | +0.054% | +0.0100% | 4h | $61.9M | $205.3M | 75x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.055% | L +0.0008% / S −0.0007% | 1h | $55K | — | 150x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | +0.079% | 0.0000% | 1h | $405K | $77K | 10x | as long as short |
| Aster TRUMPUSDT | +0.086% | +0.0100% | 4h | $428K | $847K | 20x | as long as short |
| KuCoin TRUMPUSDTM | +0.093% | +0.0100% | 4h | $4.4M | $9.0M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.093% | +0.0100% | 4h | $15.2M | $19.6M | 75x | as long as short |
| SunX TRUMP-USDT | +0.093% | +0.0100% | 4h | $2K | $1.5M | 50x | as long as short |
| HTX TRUMP-USDT | +0.093% | +0.0100% | 4h | $483K | $1.6M | 50x | as long as short |
| Hyperliquid TRUMP | +0.120% | +0.0100% | 1h | $13.8M | $7.3M | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.147% | −0.0154% | 1h | $1.0M | $2.0M | 50x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.153% | +0.0158% | 1h | $257K | $263K | 10x | as long as short |