TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0301%/8h= −32.9% APRnext payment −$0.38 per $10,000 · paid last 24h −0.189%

Price spread now: Reya against Coinbase International+0.855%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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

The price spread pays, funding is against you. Reya is 0.855% dearer against Coinbase International than usual: you sell high and buy low (spread +0.855% now, against zero (this spread has no 7-day history yet)): +$86 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TRUMP-PERP-INTX	2.1330	0.0056	pay 0.0007% / 1h	8m 15s	$167K	$479K	50x
Short	Reya TRUMPRUSDPERP	2.1512	−0.0245	pay 0.0031% / 1h	8m 15s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now +0.855%Rate

Funding earned: −$63.17
Price spread: +0.855% → 0.000%: $85.52
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.35
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 30 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 Coinbase International live order book, 30 min ago	7.01 bp	12.0 bp −$12	24.4 bp −$244	doesn't fit	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	−0.1797%	1h	2.1380	+0.234%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0357%	1h	2.1515	+0.867%	$76	$6K	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1512	+0.855%	$5	—	10x
Variational Omni TRUMP	−0.0243%	4h	2.1482	+0.714%	$663K	$423K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0214%	1h	2.1534	+0.956%	$406K	$81K	10x	as long as short
Extended TRUMP-USD	−0.0192%	1h	2.1510	+0.844%	$74K	$496K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0191%	4h	2.1510	+0.844%	$26.8M	$184.3M	50x	as long as short
Bybit TRUMPUSDT	−0.0189%	4h	2.1520	+0.891%	$30.6M	$52.3M	50x	as long as short
Binance TRUMPUSDT	−0.0189%	4h	2.1520	+0.891%	$60.9M	$249.5M	75x	as long as short
Lighter TRUMP	−0.0176%	1h	2.1518	+0.881%	$941K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0104%	8h	2.1531	+0.942%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1530	+0.938%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1479	+0.701%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0072%	4h	2.1520	+0.891%	$5K	$278K	10x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1552	+1.041%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1546	+1.012%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0020%	4h	2.1530	+0.938%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1510	+0.844%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0052%	4h	2.1550	+1.031%	$4.2M	$690K	75x	as long as short
Coinbase International TRUMP-PERP-INTXlong	+0.0056%	1h	2.1330	long leg	$167K	$479K	50x
Bitget TRUMPUSDT	+0.0078%	4h	2.1520	+0.891%	$15.3M	$26.9M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1544	+1.003%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1548	+1.022%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1551	+1.034%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1520	+0.891%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1497	+0.782%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1550	+1.031%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1540	+0.985%	$495K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1540	+0.985%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0303%	1h	2.1550	+1.031%	$384K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0597%	1h	2.1545	+1.009%	$1.3M	$2.3M	50x	as long as short