Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.101%

Price spread now: Reya against Binance+0.005%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1590	0.0100	pay 0.0050% / 4h	1h 06m	$62.5M	$238.0M	75x
Short	Reya TRUMPRUSDPERP	2.1591	−0.0245	pay 0.0031% / 1h	6m 09s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee ReyabpOrdersPrice spread, now +0.005%Rate

Funding earned: −$72.42
Price spread: +0.005% → 0.000%: $0.54
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$87.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.

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 Binance live order book, 7 min ago	2.29 bp	7.3 bp −$7	11.4 bp −$114	36.4 bp −$3,642	251.2 bp −$125.6K
Sell Reya no order-book sample	—	—	—	—	—

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 on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1659%	1h	2.1580	−0.046%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1591	+0.005%	$5	—	10x
SoDEX TRUMP-USD	−0.0080%	1h	2.1591	+0.005%	$83	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0038%	4h	2.1610	+0.093%	$7.6M	$50.3M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1590	0.000%	$954K	$906K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1626	+0.165%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1603	+0.060%	$407K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1604	+0.066%	$42K	—	150x	as long as short
Bybit TRUMPUSDT	+0.0010%	4h	2.1570	−0.093%	$30.7M	$48.7M	50x	as long as short
Paradex TRUMP-USD-PERP	+0.0027%	8h	2.1594	+0.018%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0044%	4h	2.1581	−0.043%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1694	+0.483%	$106K	$263K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0068%	4h	2.1590	0.000%	$4K	$236K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1628	+0.176%	$14.3M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1615	+0.115%	$427K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1607	+0.078%	$186K	$53K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.1590	long leg	$62.5M	$238.0M	75x
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1580	−0.046%	$27.4M	$170.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1600	+0.046%	$414K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	+0.093%	$4.0M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1610	+0.093%	$15.6M	$25.5M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1624	+0.157%	$253K	$317K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1690	+0.463%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1610	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.093%	$527K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1579	−0.049%	$74K	$750K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1590	0.000%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1608	+0.081%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0290%	1h	2.1634	+0.202%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1650	+0.278%	$4.3M	$654K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1640	+0.232%	$280K	$284K	50x	as long as short