Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.084%

Price spread now: Reya against edgeX−0.165%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Reya is 0.165% cheaper against edgeX than usual: you would sell low and buy high (−$16 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	edgeX TRUMPUSDC	2.1427	−0.0119	get 0.0060% / 4h	1h 47m	$105K	$265K	20x
Short	Reya TRUMPRUSDPERP	2.1392	−0.0245	pay 0.0031% / 1h	47m 22s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against edgeX. 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 edgeXbpFee ReyabpOrdersPrice spread, now −0.165%Rate

Funding earned: −$26.38
Price spread: −0.165% → 0.000%: −$16.47
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$57.85
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 60 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 edgeX live order book, 60 min ago	6.99 bp	14.4 bp −$14	39.6 bp −$396	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	−0.1927%	1h	2.1340	−0.406%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1392	−0.165%	$5	—	10x
Extended TRUMP-USD	−0.0232%	1h	2.1399	−0.130%	$74K	$741K	25x	as long as short
Binance TRUMPUSDT	−0.0228%	4h	2.1406	−0.097%	$60.4M	$251.9M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0170%	1h	2.1408	−0.088%	$403K	$81K	10x	as long as short
Variational Omni TRUMP	−0.0154%	4h	2.1411	−0.072%	$660K	$424K	—	as long as short
edgeX TRUMPUSDClong	−0.0119%	4h	2.1427	long leg	$105K	$265K	20x
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1432	+0.023%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0093%	4h	2.1390	−0.172%	$26.4M	$184.7M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0090%	8h	2.1399	−0.130%	$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
Gate TRUMP_USDT	−0.0082%	4h	2.1410	−0.079%	$7.7M	$53.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1400	−0.126%	$5K	$238K	10x	as long as short
Bybit TRUMPUSDT	−0.0059%	4h	2.1410	−0.079%	$30.3M	$52.4M	50x	as long as short
SoDEX TRUMP-USD	−0.0011%	1h	2.1405	−0.102%	$82	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1417	−0.048%	$27K	$501	5x	as long as short
BloFin TRUMP-USDT	+0.0006%	4h	2.1420	−0.032%	$4.1M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1414	−0.058%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1391	−0.168%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1409	−0.084%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1414	−0.060%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1420	−0.032%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1409	−0.082%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1410	−0.079%	$399K	$148K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1420	−0.032%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1420	−0.032%	$15.2M	$27.1M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1420	−0.032%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1430	+0.014%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1410	−0.079%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1416	−0.052%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.061%	$204K	$420K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0394%	1h	2.1444	+0.080%	$380K	$415K	10x	as long as short