Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0235%/8h= −25.8% APRpaid last 24h −0.103%

Price spread now: Reya against Bybit+0.006%7-day average — · you sell dearer than you buy

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

Long on Bybit 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: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1690	−0.0010	get 0.0005% / 4h	3h 21m	$30.7M	$50.3M	50x
Short	Reya TRUMPRUSDPERP	2.1691	−0.0245	pay 0.0031% / 1h	21m 21s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +0.006%Rate

Funding earned: −$49.39
Price spread: +0.006% → 0.000%: $0.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$65.84
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.31 bp	8.1 bp −$8	16.2 bp −$162	115.6 bp −$11.6K	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 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	−0.1765%	1h	2.1550	−0.645%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0322%	1h	2.1687	−0.014%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0300%	8h	2.1690	−0.002%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1691	+0.006%	$5	—	10x
Gate TRUMP_USDT	−0.0196%	4h	2.1700	+0.046%	$7.9M	$51.9M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0165%	1h	2.1697	+0.032%	$408K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0105%	4h	2.1692	+0.008%	$61.4M	$245.9M	75x	as long as short
Extended TRUMP-USD	−0.0104%	1h	2.1679	−0.051%	$74K	$714K	25x	as long as short
edgeX TRUMPUSDC	−0.0046%	4h	2.1660	−0.140%	$106K	$264K	20x	as long as short
Variational Omni TRUMP	−0.0020%	4h	2.1681	−0.042%	$670K	$516K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDTlong	−0.0010%	4h	2.1690	long leg	$30.7M	$50.3M	50x
dYdX TRUMP-USD	−0.0008%	1h	2.1706	+0.074%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1710	+0.092%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0015%	4h	2.1690	0.000%	$4K	$194K	10x	as long as short
Lighter TRUMP	+0.0032%	1h	2.1670	−0.092%	$957K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1685	−0.023%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0058%	4h	2.1690	0.000%	$177K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1722	+0.148%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1701	+0.052%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1697	+0.030%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1680	−0.046%	$27.7M	$179.2M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1710	+0.092%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1700	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1700	+0.046%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1710	+0.092%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1700	+0.046%	$496K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0141%	4h	2.1660	−0.138%	$4.2M	$663K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1709	+0.089%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1724	+0.155%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0209%	1h	2.1628	−0.286%	$339K	$377K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1720	+0.138%	$281K	$277K	50x	as long as short