Spread before costs (cost unknown: a leg has no order-book sample)−0.343%
7d average—if it closes, per $10,000$34funding while held, a day+$6.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex TRUMP-USD-PERP | 2.1557 | 0.0053 | pay 0.0053% / 8h | 25m 23s | $5K | — | 5x |
| Short | GMX TRUMP/USD [ETH-USDC] | 2.1484 | L +0.0230% / S −0.0264% | get 0.0033% / 1h | 25m 23s | $12K | — | 100x |
Paradex TRUMP-USD-PERP
GMX TRUMP/USD [ETH-USDC]Price 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
- −$34.26
- Funding while held
- $6.33
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$43.93
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0211%
- Per $10,000 a day
- +$6.33
- 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 GMX no order-book sample | — | — | — | — | — |
Paradex and 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.1340cheapestVariational Omni2.1373+0.154%BloFin2.1410+0.328%edgeX2.1425+0.396%Coinbase International2.1430+0.422%
Injective
Variational Omni
BloFin
Coinbase InternationalGMX2.1484+0.673%
Orderly2.1490+0.703%Aevo2.1495+0.726%SoDEX2.1505+0.773%Deribit2.1506+0.778%Kraken Futures2.1515+0.821%SunX2.1520+0.843%HTX2.1520+0.843%gTrade (Gains Network)2.1536+0.921%dYdX2.1538+0.928%Backpack2.1542+0.947%Lighter2.1544+0.956%OKX2.1550+0.984%Gate2.1550+0.984%MEXC2.1550+0.984%Reya2.1553+0.997%Aster2.1554+1.005%
Orderly
Aevo
SoDEX
Deribit
Kraken Futures
SunX
HTX
gTrade (Gains Network)
dYdX
Backpack
Lighter
OKX
Gate
MEXC
Reya
AsterParadex2.1557+1.019%
Extended2.1559+1.024%Hyperliquid2.1560+1.031%Bitget2.1560+1.031%Pacifica2.1567+1.062%Binance2.1568+1.068%Bybit2.1570+1.078%KuCoin2.1570+1.078%
Extended
Hyperliquid
Bitget
Pacifica
Binance
Bybit
KuCoinTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective TRUMP/USDC PERP | −1.008% | −0.1587% | 1h | $12K | $174K | 12x | as long as short |
| Variational Omni TRUMP | −0.855% | +0.0100% | 4h | $595K | $166K | — | as long as short |
| BloFin TRUMP-USDT | −0.684% | +0.0340% | 4h | $4.2M | $459K | 75x | as long as short |
| edgeX TRUMPUSDC | −0.616% | +0.0050% | 4h | $117K | $241K | 20x | as long as short |
| Coinbase International TRUMP-PERP-INTX | −0.591% | +0.0336% | 1h | $285K | $388K | 50x | as long as short |
| GMX TRUMP/USD [ETH-USDC]short | −0.343% | L +0.0230% / S −0.0264% | 1h | $12K | — | 100x | |
| Orderly PERP_TRUMP_USDC | −0.313% | +0.0093% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.289% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| SoDEX TRUMP-USD | −0.243% | +0.0100% | 1h | $75 | $6K | 5x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.238% | 0.0000% | 1h | $393K | $73K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TRUMPUSD | −0.195% | −0.0466% | 1h | $1.0M | $2.0M | 50x | as long as short |
| SunX TRUMP-USDT | −0.173% | +0.0100% | 4h | $2K | $1.4M | 50x | as long as short |
| HTX TRUMP-USDT | −0.173% | +0.0100% | 4h | $468K | $1.6M | 50x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.097% | L +0.0008% / S −0.0007% | 1h | $41K | — | 150x | as long as short |
| dYdX TRUMP-USD | −0.090% | 0.0000% | 1h | $27K | $572 | 5x | as long as short |
| Backpack TRUMP_USDC_PERP | −0.071% | +0.0153% | 1h | $258K | $267K | 10x | as long as short |
| Lighter TRUMP | −0.062% | −0.0024% | 1h | $965K | $622K | 10x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.034% | +0.0100% | 4h | $26.0M | $138.7M | 50x | as long as short |
| Gate TRUMP_USDT | −0.034% | +0.0100% | 4h | $7.3M | $40.5M | 75x | as long as short |
| MEXC TRUMP_USDC | −0.034% | +0.0100% | 4h | $454K | $125K | 125x | as long as short |
| Reya TRUMPRUSDPERP | −0.022% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Aster TRUMPUSDT | −0.014% | +0.0100% | 4h | $433K | $880K | 20x | as long as short |
| Paradex TRUMP-USD-PERPlong | 0.000% | +0.0053% | 8h | $5K | — | 5x | |
| Extended TRUMP-USD | +0.006% | +0.0104% | 1h | $54K | $464K | 25x | as long as short |
| Hyperliquid TRUMP | +0.012% | +0.0100% | 1h | $11.2M | $5.5M | 10x | as long as short |
| Bitget TRUMPUSDT | +0.012% | +0.0100% | 4h | $14.9M | $18.8M | 75x | as long as short |
| Pacifica TRUMP | +0.043% | +0.0100% | 1h | $187K | $73K | 10x | as long as short |
| Binance TRUMPUSDT | +0.049% | +0.0100% | 4h | $62.0M | $193.4M | 75x | as long as short |
| Bybit TRUMPUSDT | +0.059% | +0.0100% | 4h | $29.4M | $38.0M | 50x | as long as short |
| KuCoin TRUMPUSDTM | +0.059% | +0.0100% | 4h | $4.3M | $8.5M | 50x | as long as short |