Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.101%

Price spread now: Reya against Gate−0.308%7-day average — · you buy dearer than you sell

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

Long on Gate 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 −$10 a day on $10k at the current rate, and Reya is 0.308% cheaper against Gate than usual: you would sell low and buy high (−$31 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	Gate TRUMP_USDT	2.2230	0.0100	pay 0.0050% / 4h	2h 48m	$7.8M	$48.1M	75x
Short	Reya TRUMPRUSDPERP	2.2162	−0.0245	pay 0.0031% / 1h	48m 05s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.308%Rate

Funding earned: −$72.42
Price spread: −0.308% → 0.000%: −$30.78
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$124.2
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 6 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 Gate live order book, 6 min ago	4.53 bp	16.4 bp −$16	28.0 bp −$280	63.8 bp −$6,375	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	−0.1623%	1h	2.2190	−0.180%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.2162	−0.308%	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.2276	+0.205%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2219	−0.049%	$418K	$80K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2194	−0.160%	$43K	—	150x	as long as short
Lighter TRUMP	+0.0040%	1h	2.2215	−0.067%	$987K	$786K	10x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2075	−0.698%	$107K	$263K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0079%	8h	2.2254	+0.109%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0088%	4h	2.2200	−0.135%	$3K	$244K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2279	+0.223%	$14.9M	$6.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2199	−0.141%	$438K	$862K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2271	+0.183%	$192K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2239	+0.038%	$64.4M	$234.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2240	+0.045%	$31.7M	$47.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2250	+0.090%	$28.9M	$169.4M	50x	as long as short
Gate TRUMP_USDTlong	+0.0100%	4h	2.2230	long leg	$7.8M	$48.1M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2230	0.000%	$443K	$144K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2250	+0.090%	$4.1M	$10.9M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2240	+0.045%	$16.0M	$23.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2202	−0.128%	$701K	$446K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2176	−0.241%	$181K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2220	−0.045%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2215	−0.067%	$81	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2230	0.000%	$577K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2219	−0.048%	$76K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2199	−0.141%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2193	−0.165%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	0.000%	$4.4M	$697K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0365%	1h	2.2259	+0.130%	$260K	$319K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0507%	1h	2.2252	+0.098%	$1.3M	$2.4M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2100	−0.585%	$286K	$307K	50x	as long as short