TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0245%/8h= −26.8% APRnext payment −$0.31 per $10,000 · paid last 24h −0.072%

Price spread now: Reya against Deribit−0.065%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$7 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	Deribit TRUMP_USDC-PERPETUAL	2.1876	0	get 0.0000% / 1h	19m 44s	$410K	$77K	10x
Short	Reya TRUMPRUSDPERP	2.1862	−0.0245	pay 0.0031% / 1h	19m 44s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now −0.065%Rate

Funding earned: −$51.42
Price spread: −0.065% → 0.000%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$70.92
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 59 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 Deribit live order book, 59 min ago	5.71 bp	11.0 bp −$11	21.0 bp −$210	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	−0.1537%	1h	2.1720	−0.713%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1862	−0.065%	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1876	+0.002%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALlong	0.0000%	1h	2.1876	long leg	$410K	$77K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1875	−0.005%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1805	−0.324%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1870	−0.027%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1876	0.000%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1881	+0.022%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1883	+0.031%	$456K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1885	+0.039%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1882	+0.029%	$62.8M	$225.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	+0.064%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1890	+0.064%	$27.2M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	+0.064%	$7.4M	$48.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	−0.027%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.018%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.110%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.109%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	−0.143%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.064%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1869	−0.032%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1910	+0.155%	$554K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	+0.022%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1863	−0.062%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1873	−0.014%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0286%	1h	2.1903	+0.123%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1840	−0.165%	$4.2M	$635K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.841%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0484%	1h	2.1900	+0.110%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0873%	1h	2.1890	+0.062%	$1.3M	$2.5M	50x	as long as short