Spread before costs (cost unknown: a leg has no order-book sample)−0.230%
7d average—if it closes, per $10,000$23funding while held, a day+$4.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TRUMP | 2.1390 | 0.0100 | pay 0.0050% / 4h | 1h 28m | $591K | $192K | — |
| Short | GMX TRUMP/USD [ETH-USDC] | 2.1341 | L +0.0229% / S −0.0264% | get 0.0033% / 1h | 28m 40s | $11K | — | 100x |
Variational Omni TRUMP
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
- −$23.05
- Funding while held
- $4.92
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$30.13
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 27 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0164%
- Per $10,000 a day
- +$4.92
- 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 Variational Omni RFQ quote, 27 min ago | 5.05 bp | doesn't fit | 11.4 bp −$114 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.Coinbase International2.1290cheapestInjective2.1300+0.047%MEXC2.1320+0.141%Extended2.1322+0.150%Reya2.1330+0.187%Gate2.1330+0.188%Orderly2.1330+0.188%Aevo2.1330+0.188%SoDEX2.1336+0.216%KuCoin2.1340+0.235%Bitget2.1340+0.235%Aster2.1340+0.237%
Coinbase International
Injective
MEXC
Extended
Reya
Gate
Orderly
Aevo
SoDEX
KuCoin
Bitget
AsterGMX2.1341+0.238%
Deribit2.1341+0.240%gTrade (Gains Network)2.1342+0.245%Paradex2.1342+0.246%Hyperliquid2.1345+0.258%Backpack2.1347+0.268%Kraken Futures2.1350+0.280%OKX2.1350+0.282%Lighter2.1357+0.315%Bybit2.1360+0.329%BloFin2.1360+0.329%Pacifica2.1361+0.334%Binance2.1365+0.352%SunX2.1370+0.376%dYdX2.1374+0.393%HTX2.1380+0.423%edgeX2.1385+0.446%
Deribit
gTrade (Gains Network)
Paradex
Hyperliquid
Backpack
Kraken Futures
OKX
Lighter
Bybit
BloFin
Pacifica
Binance
SunX
dYdX
HTXVariational Omni2.1390+0.470%
TRUMP 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 | −0.467% | +0.0408% | 1h | $276K | $369K | 50x | as long as short |
| Injective TRUMP/USDC PERP | −0.421% | −0.1543% | 1h | $12K | $131K | 12x | as long as short |
| MEXC TRUMP_USDC | −0.327% | +0.0100% | 4h | $413K | $119K | 125x | as long as short |
| Extended TRUMP-USD | −0.318% | +0.0104% | 1h | $54K | $464K | 25x | as long as short |
| Reya TRUMPRUSDPERP | −0.281% | −0.0245% | 1h | $5 | — | 10x | as long as short |
| Gate TRUMP_USDT | −0.280% | +0.0100% | 4h | $7.3M | $35.5M | 75x | as long as short |
| Orderly PERP_TRUMP_USDC | −0.280% | +0.0099% | 4h | $3K | $249K | 10x | as long as short |
| Aevo TRUMP-PERP | −0.280% | +0.0104% | 1h | $18K | — | 3x | as long as short |
| SoDEX TRUMP-USD | −0.252% | +0.0100% | 1h | $86 | $6K | 5x | as long as short |
| KuCoin TRUMPUSDTM | −0.234% | +0.0100% | 4h | $4.3M | $8.0M | 50x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget TRUMPUSDT | −0.234% | +0.0100% | 4h | $14.9M | $17.5M | 75x | as long as short |
| Aster TRUMPUSDT | −0.232% | +0.0100% | 4h | $221K | $545K | 20x | as long as short |
| GMX TRUMP/USD [ETH-USDC]short | −0.230% | L +0.0229% / S −0.0264% | 1h | $11K | — | 100x | |
| Deribit TRUMP_USDC-PERPETUAL | −0.229% | −0.0031% | 1h | $390K | $70K | 10x | as long as short |
| gTrade (Gains Network) TRUMP/USD | −0.224% | L +0.0008% / S −0.0007% | 1h | $40K | — | 150x | as long as short |
| Paradex TRUMP-USD-PERP | −0.223% | +0.0078% | 8h | $5K | — | 5x | as long as short |
| Hyperliquid TRUMP | −0.210% | +0.0100% | 1h | $11.1M | $5.4M | 10x | as long as short |
| Backpack TRUMP_USDC_PERP | −0.201% | +0.0214% | 1h | $252K | $247K | 10x | as long as short |
| Kraken Futures PF_TRUMPUSD | −0.189% | +0.0020% | 1h | $1.0M | $1.9M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | −0.187% | +0.0100% | 4h | $25.7M | $127.8M | 50x | as long as short |
| Lighter TRUMP | −0.154% | 0.0000% | 1h | $958K | $606K | 10x | as long as short |
| Bybit TRUMPUSDT | −0.140% | +0.0100% | 4h | $29.1M | $35.7M | 50x | as long as short |
| BloFin TRUMP-USDT | −0.140% | +0.0340% | 4h | $4.1M | $434K | 75x | as long as short |
| Pacifica TRUMP | −0.135% | +0.0100% | 1h | $185K | $74K | 10x | as long as short |
| Binance TRUMPUSDT | −0.117% | +0.0100% | 4h | $61.3M | $179.6M | 75x | as long as short |
| SunX TRUMP-USDT | −0.093% | +0.0100% | 4h | $2K | $1.3M | 50x | as long as short |
| dYdX TRUMP-USD | −0.077% | 0.0000% | 1h | $27K | $342 | 5x | as long as short |
| HTX TRUMP-USDT | −0.047% | +0.0100% | 4h | $464K | $1.4M | 50x | as long as short |
| edgeX TRUMPUSDC | −0.023% | +0.0050% | 4h | $116K | $218K | 20x | as long as short |
| Variational Omni TRUMPlong | 0.000% | +0.0100% | 4h | $591K | $192K | — |