Spread before costs (cost unknown: a leg has no order-book sample)+0.188%
7d average—if it closes, per $10,000$19funding while held, a day+$7.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex TRUMP-USD-PERP | 2.1540 | 0.0052 | pay 0.0052% / 8h | 5h 08m | $5K | — | 5x |
| Short | Backpack TRUMP_USDC_PERP | 2.1581 | 0.0291 | get 0.0036% / 1h | 8m 52s | $255K | $266K | 10x |
Paradex TRUMP-USD-PERP
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
- $18.81
- Funding while held
- $7.18
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $11.99
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 26 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0239%
- Per $10,000 a day
- +$7.18
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 26 min ago | 0.23 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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.Injective2.1420cheapestVariational Omni2.1486+0.308%edgeX2.1503+0.388%Coinbase International2.1520+0.467%Lighter2.1538+0.551%
Injective
Variational Omni
Coinbase International
LighterParadex2.1540+0.562%
Pacifica2.1541+0.564%Extended2.1545+0.582%OKX2.1550+0.607%Gate2.1550+0.607%MEXC2.1550+0.607%Orderly2.1550+0.607%dYdX2.1551+0.612%Binance2.1554+0.626%Aevo2.1555+0.630%SoDEX2.1555+0.630%Reya2.1556+0.634%Bybit2.1560+0.654%Bitget2.1560+0.654%BloFin2.1560+0.654%Aster2.1563+0.667%Deribit2.1566+0.682%gTrade (Gains Network)2.1570+0.699%KuCoin2.1570+0.700%SunX2.1570+0.700%GMX2.1572+0.709%Kraken Futures2.1575+0.723%HTX2.1580+0.747%
Pacifica
Extended
OKX
Gate
MEXC
Orderly
dYdX
Binance
Aevo
SoDEX
Reya
Bybit
Bitget
BloFin
Aster
Deribit
gTrade (Gains Network)
KuCoin
SunX
GMX
Kraken Futures
HTXBackpack2.1581+0.752%
Hyperliquid2.1582+0.756%
HyperliquidTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −0.559% | −0.1702% | 1h | $12K | $81K | 12x | as long as short |
| Variational Omni TRUMP | −0.253% | +0.0100% | 4h | $669K | $230K | — | as long as short |
| edgeX TRUMPUSDC | −0.174% | +0.0050% | 4h | $117K | $242K | 20x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.095% | +0.0424% | 1h | $276K | $396K | 50x | as long as short |
| Lighter TRUMP | −0.012% | −0.0296% | 1h | $963K | $583K | 10x | as long as short |
| Paradex TRUMP-USD-PERPlong | 0.000% | +0.0052% | 8h | $5K | — | 5x | |
| Pacifica TRUMP | +0.002% | +0.0100% | 1h | $186K | $70K | 10x | as long as short |
| Extended TRUMP-USD | +0.019% | +0.0104% | 1h | $74K | $472K | 25x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.044% | +0.0100% | 4h | $26.7M | $143.1M | 50x | as long as short |
| Gate TRUMP_USDT | +0.044% | +0.0046% | 4h | $7.4M | $44.3M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC TRUMP_USDC | +0.044% | +0.0054% | 4h | $476K | $135K | 125x | as long as short |
| Orderly PERP_TRUMP_USDC | +0.044% | +0.0096% | 4h | $3K | $249K | 10x | as long as short |
| dYdX TRUMP-USD | +0.049% | −0.0022% | 1h | $27K | $485 | 5x | as long as short |
| Binance TRUMPUSDT | +0.063% | +0.0100% | 4h | $61.7M | $207.8M | 75x | as long as short |
| Aevo TRUMP-PERP | +0.067% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| SoDEX TRUMP-USD | +0.067% | −0.0073% | 1h | $81 | $6K | 5x | as long as short |
| Reya TRUMPRUSDPERP | +0.071% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Bybit TRUMPUSDT | +0.091% | +0.0100% | 4h | $30.1M | $40.6M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.091% | +0.0100% | 4h | $15.3M | $19.6M | 75x | as long as short |
| BloFin TRUMP-USDT | +0.091% | +0.0340% | 4h | $4.2M | $469K | 75x | as long as short |
| Aster TRUMPUSDT | +0.103% | +0.0100% | 4h | $423K | $840K | 20x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | +0.118% | 0.0000% | 1h | $404K | $76K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.136% | L +0.0008% / S −0.0007% | 1h | $41K | — | 150x | as long as short |
| KuCoin TRUMPUSDTM | +0.137% | +0.0100% | 4h | $4.4M | $9.3M | 50x | as long as short |
| SunX TRUMP-USDT | +0.137% | +0.0100% | 4h | $2K | $1.5M | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | +0.146% | L +0.0228% / S −0.0259% | 1h | $11K | — | 100x | as long as short |
| Kraken Futures PF_TRUMPUSD | +0.159% | −0.0355% | 1h | $1.0M | $2.0M | 50x | as long as short |
| HTX TRUMP-USDT | +0.183% | +0.0100% | 4h | $499K | $1.6M | 50x | as long as short |
| Backpack TRUMP_USDC_PERPshort | +0.188% | +0.0291% | 1h | $255K | $266K | 10x | |
| Hyperliquid TRUMP | +0.193% | +0.0100% | 1h | $13.7M | $7.2M | 10x | as long as short |