Spread before costs (cost unknown: a leg has no order-book sample)+0.029%
7d average—if it closes, per $10,000$3funding while held, a day+$13.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya TRUMPRUSDPERP | 2.1380 | −0.0245 | get 0.0031% / 1h | 29m 41s | $5 | — | 10x |
| Short | Backpack TRUMP_USDC_PERP | 2.1386 | 0.0220 | get 0.0028% / 1h | 29m 41s | $253K | $247K | 10x |
Reya TRUMPRUSDPERP
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
- $2.92
- Funding while held
- $13.95
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $0.87
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 25 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0465%
- Per $10,000 a day
- +$13.95
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 25 min ago | 0.23 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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.Coinbase International2.1290cheapestInjective2.1300+0.047%Extended2.1337+0.220%Gate2.1340+0.235%MEXC2.1340+0.235%Paradex2.1342+0.246%Lighter2.1348+0.272%Bybit2.1350+0.282%OKX2.1350+0.282%Bitget2.1350+0.282%Binance2.1350+0.283%Pacifica2.1361+0.334%Hyperliquid2.1362+0.338%Aevo2.1368+0.365%KuCoin2.1370+0.376%Orderly2.1370+0.376%SoDEX2.1370+0.376%Aster2.1372+0.384%Deribit2.1373+0.390%dYdX2.1374+0.393%Kraken Futures2.1375+0.399%
Coinbase International
Injective
Extended
Gate
MEXC
Paradex
Lighter
Bybit
OKX
Bitget
Binance
Pacifica
Hyperliquid
Aevo
KuCoin
Orderly
SoDEX
Aster
Deribit
dYdX
Kraken FuturesReya2.1380+0.422%
GMX2.1381+0.429%gTrade (Gains Network)2.1382+0.432%edgeX2.1385+0.446%
GMX
gTrade (Gains Network)Backpack2.1386+0.451%
Variational Omni2.1390+0.470%BloFin2.1390+0.470%HTX2.1400+0.517%SunX2.1410+0.564%
Variational Omni
BloFin
HTX
SunXTRUMP on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International TRUMP-PERP-INTX | −0.420% | +0.0408% | 1h | $276K | $369K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.373% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| Extended TRUMP-USD | −0.201% | +0.0104% | 1h | $54K | $465K | 25x | as long as short |
| Gate TRUMP_USDT | −0.186% | +0.0100% | 4h | $7.3M | $35.5M | 75x | as long as short |
| MEXC TRUMP_USDC | −0.186% | +0.0100% | 4h | $414K | $119K | 125x | as long as short |
| Paradex TRUMP-USD-PERP | −0.175% | +0.0078% | 8h | $5K | — | 5x | as long as short |
| Lighter TRUMP | −0.149% | 0.0000% | 1h | $957K | $606K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.139% | +0.0100% | 4h | $29.1M | $35.7M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.139% | +0.0100% | 4h | $25.8M | $127.8M | 50x | as long as short |
| Bitget TRUMPUSDT | −0.139% | +0.0100% | 4h | $14.9M | $17.5M | 75x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance TRUMPUSDT | −0.138% | +0.0100% | 4h | $61.3M | $179.5M | 75x | as long as short |
| Pacifica TRUMP | −0.087% | +0.0100% | 1h | $185K | $74K | 10x | as long as short |
| Hyperliquid TRUMP | −0.083% | +0.0100% | 1h | $11.1M | $5.4M | 10x | as long as short |
| Aevo TRUMP-PERP | −0.056% | +0.0104% | 1h | $19K | — | 3x | as long as short |
| KuCoin TRUMPUSDTM | −0.046% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.046% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| SoDEX TRUMP-USD | −0.046% | +0.0100% | 1h | $86 | $6K | 5x | as long as short |
| Aster TRUMPUSDT | −0.037% | +0.0100% | 4h | $221K | $545K | 20x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.032% | 0.0000% | 1h | $390K | $70K | 10x | as long as short |
| dYdX TRUMP-USD | −0.029% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
| Kraken Futures PF_TRUMPUSD | −0.022% | +0.0020% | 1h | $1.0M | $1.9M | 50x | as long as short |
| Reya TRUMPRUSDPERPlong | 0.000% | −0.0245% | 1h | $5 | — | 10x | |
| GMX TRUMP/USD [ETH-USDC] | +0.007% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | as long as short |
| gTrade (Gains Network) TRUMP/USD | +0.010% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
| edgeX TRUMPUSDC | +0.025% | +0.0050% | 4h | $116K | $218K | 20x | as long as short |
| Backpack TRUMP_USDC_PERPshort | +0.029% | +0.0220% | 1h | $253K | $247K | 10x | |
| Variational Omni TRUMP | +0.048% | +0.0100% | 4h | $591K | $192K | — | as long as short |
| BloFin TRUMP-USDT | +0.048% | +0.0340% | 4h | $4.1M | $440K | 75x | as long as short |
| HTX TRUMP-USDT | +0.095% | +0.0100% | 4h | $465K | $1.4M | 50x | as long as short |
| SunX TRUMP-USDT | +0.141% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |