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The Most Expensive CTB Financing Line in the T-REX Family
Guess who? And it’s not even close What Nine Sibling ETFs Reveal About the Cost of Being Long GME, and what that means for basket shorts
The Core Finding (in plain English)
Every T-REX 2X Long ETF gets its leverage the same way: total return swaps with prime
brokers. The broker charges a financing spread over the overnight rate. These spreads are disclosed in SEC filings.
When you line up nine different T-REX 2X Long ETFs from the same trust, filed on the same day, using the same format, one stands out dramatically:
GMEU (2x Long GameStop) has the single most expensive financing leg in the entire
family.
• $GMEU pays Clear Street +1,750 bps on one leg.
• The next most expensive line anywhere else in the family is +1,100 bps.
• Tesla’s fund (TSLT) pays roughly +200 to +500 bps across seven different dealers.
$GME • GMEU’s blended all-in financing cost is roughly 14.8% per year vs ~6.8% for the Tesla
version.
This premium has been identical across every disclosed filing since the fund launched (June 2025
→ September 2025 → March 2026).

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