Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.103%

Price spread now: Reya against KuCoin+0.054%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Reya is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUMPUSDTM	2.1400	0.0100	pay 0.0050% / 4h	1h 51m	$4.1M	$11.2M	50x
Short	Reya TRUMPRUSDPERP	2.1412	−0.0245	pay 0.0031% / 1h	51m 54s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now +0.054%Rate

Funding earned: −$72.41
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$84.98
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	2.32 bp	21.9 bp −$22	108.1 bp −$1,081	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	2.1310	−0.421%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1412	+0.054%	$5	—	10x
Binance TRUMPUSDT	−0.0242%	4h	2.1383	−0.078%	$60.4M	$251.5M	75x	as long as short
Extended TRUMP-USD	−0.0240%	1h	2.1394	−0.027%	$74K	$742K	25x	as long as short
Variational Omni TRUMP	−0.0165%	4h	2.1451	+0.239%	$662K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0126%	4h	2.1445	+0.211%	$105K	$264K	20x	as long as short
Bybit TRUMPUSDT	−0.0120%	4h	2.1390	−0.047%	$30.3M	$52.3M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0108%	8h	2.1439	+0.181%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0104%	4h	2.1390	−0.047%	$7.6M	$53.5M	75x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1441	+0.193%	$1.3M	$2.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TRUMP-USDT-SWAP	−0.0095%	4h	2.1370	−0.140%	$26.3M	$184.3M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0061%	4h	2.1430	+0.140%	$5K	$234K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1425	+0.117%	$403K	$81K	10x	as long as short
BloFin TRUMP-USDT	−0.0005%	4h	2.1450	+0.234%	$4.1M	$687K	75x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1446	+0.217%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1432	+0.150%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0016%	1h	2.1407	+0.034%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0048%	1h	2.1403	+0.014%	$944K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	+0.0068%	1h	2.1415	+0.070%	$82	$6K	5x	as long as short
GRVT TRUMP_USDT_Perp	+0.0094%	4h	2.1440	+0.187%	$182K	$4.6M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1416	+0.075%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1405	+0.024%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1443	+0.202%	$184K	$53K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1390	−0.047%	$398K	$148K	125x	as long as short
KuCoin TRUMPUSDTMlong	+0.0100%	4h	2.1400	long leg	$4.1M	$11.2M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	0.000%	$15.2M	$27.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1440	+0.187%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.140%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1424	+0.111%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1430	+0.140%	$205K	$419K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0425%	1h	2.1432	+0.150%	$380K	$415K	10x	as long as short