Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0249%/8h= −27.2% APRpaid last 24h −0.101%

Price spread now: Reya against Bitget−0.133%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.133% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TRUMPUSDT	2.1770	0.0004	pay 0.0002% / 4h	3h 01m	$15.4M	$26.1M	75x
Short	Reya TRUMPRUSDPERP	2.1741	−0.0245	pay 0.0031% / 1h	1m 22s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.133%Rate

Funding earned: −$52.25
Price spread: −0.133% → 0.000%: −$13.33
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$83.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.30 bp	8.3 bp −$8	15.5 bp −$155	65.2 bp −$6,520	doesn't fit
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 32 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	−0.1829%	1h	2.1600	−0.781%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0364%	4h	2.1760	−0.046%	$31.4M	$50.6M	50x	as long as short
Variational Omni TRUMP	−0.0341%	4h	2.1771	+0.006%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0337%	1h	2.1748	−0.101%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0301%	1h	2.1760	−0.046%	$391K	$73K	10x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1741	−0.133%	$5	—	10x
OKX TRUMP-USDT-SWAP	−0.0243%	4h	2.1740	−0.138%	$27.6M	$181.3M	50x	as long as short
Binance TRUMPUSDT	−0.0236%	4h	2.1750	−0.092%	$63.6M	$244.4M	75x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1744	−0.120%	$77K	$492K	25x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1770	0.000%	$948K	$998K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0136%	8h	2.1776	+0.029%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	−0.230%	$142K	$514K	50x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1745	−0.114%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1750	−0.092%	$5K	$315K	10x	as long as short
Gate TRUMP_USDT	−0.0058%	4h	2.1750	−0.092%	$7.8M	$50.9M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1760	−0.046%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1786	+0.075%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDTlong	+0.0004%	4h	2.1770	long leg	$15.4M	$26.1M	75x
BloFin TRUMP-USDT	+0.0007%	4h	2.1750	−0.092%	$4.3M	$695K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1778	+0.035%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1740	−0.138%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0058%	4h	2.1740	−0.138%	$404K	$151K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1776	+0.028%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1780	+0.046%	$414K	$651K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1785	+0.069%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1752	−0.082%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1770	0.000%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.046%	$503K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1740	−0.138%	$3K	$24K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0119%	1h	2.1786	+0.074%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	−0.005%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0382%	1h	2.1796	+0.119%	$388K	$410K	10x	as long as short