TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.106%

Price spread now: Reya against Hyperliquid−0.057%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Reya: 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 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 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	Hyperliquid TRUMP	2.1574	0.0100	pay 0.0013% / 1h	50m 47s	$13.7M	$8.1M	10x
Short	Reya TRUMPRUSDPERP	2.1562	−0.0245	pay 0.0031% / 1h	50m 47s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.057%Rate

Funding earned: −$72.41
Price spread: −0.057% → 0.000%: −$5.74
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$93.15
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	0.93 bp	6.2 bp −$6	doesn't fit	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	−0.1829%	1h	2.1410	−0.760%	$12K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0457%	4h	2.1550	−0.111%	$30.8M	$52.0M	50x	as long as short
SoDEX TRUMP-USD	−0.0454%	1h	2.1555	−0.088%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0310%	4h	2.1561	−0.058%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1562	−0.057%	$5	—	10x
OKX TRUMP-USDT-SWAP	−0.0219%	4h	2.1540	−0.158%	$27.0M	$183.6M	50x	as long as short
Binance TRUMPUSDT	−0.0217%	4h	2.1550	−0.111%	$61.1M	$247.1M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1540	−0.160%	$74K	$494K	25x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0213%	1h	2.1572	−0.009%	$406K	$65K	10x	as long as short
Gate TRUMP_USDT	−0.0194%	4h	2.1560	−0.065%	$7.7M	$49.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1510	−0.297%	$168K	$473K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0135%	8h	2.1527	−0.220%	$5K	$175	5x	as long as short
Lighter TRUMP	−0.0128%	1h	2.1549	−0.116%	$942K	$988K	10x	as long as short
edgeX TRUMPUSDC	−0.0106%	4h	2.1482	−0.426%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0088%	4h	2.1550	−0.111%	$5K	$290K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0014%	4h	2.1550	−0.111%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1577	+0.012%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1580	+0.026%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0023%	4h	2.1540	−0.158%	$4.2M	$689K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1550	−0.111%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0028%	4h	2.1510	−0.297%	$181K	$4.3M	10x	as long as short
Bitget TRUMPUSDT	+0.0050%	4h	2.1560	−0.065%	$15.4M	$26.6M	75x	as long as short
Hyperliquid TRUMPlong	+0.0100%	1h	2.1574	long leg	$13.7M	$8.1M	10x
Aster TRUMPUSDT	+0.0100%	4h	2.1564	−0.046%	$405K	$715K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1553	−0.097%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1550	−0.111%	$401K	$147K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	−0.019%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	+0.167%	$500K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1588	+0.063%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1580	+0.028%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0307%	1h	2.1586	+0.056%	$385K	$418K	10x	as long as short