TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0341%/8h= −37.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.074%

Price spread now: Reya against Lighter−0.063%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · 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 0.063% cheaper against Lighter 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	Lighter TRUMP	2.1465	0.0096	pay 0.0012% / 1h	10m 26s	$938K	$1.0M	10x
Short	Reya TRUMPRUSDPERP	2.1451	−0.0245	pay 0.0031% / 1h	10m 26s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.063%Rate

Funding earned: −$71.57
Price spread: −0.063% → 0.000%: −$6.33
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$83.9
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 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 Lighter live order book, 5 min ago	1.40 bp	6.0 bp −$6	33.4 bp −$334	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	2.1360	−0.489%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1451	−0.063%	$5	—	10x
Binance TRUMPUSDT	−0.0161%	4h	2.1472	+0.033%	$60.7M	$251.3M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1459	−0.029%	$74K	$521K	25x	as long as short
Variational Omni TRUMP	−0.0127%	4h	2.1451	−0.065%	$662K	$423K	—	as long as short
OKX TRUMP-USDT-SWAP	−0.0104%	4h	2.1460	−0.023%	$26.6M	$184.8M	50x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1484	+0.089%	$1.3M	$2.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0085%	4h	2.1449	−0.074%	$105K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0055%	4h	2.1460	−0.023%	$5K	$252K	10x	as long as short
Gate TRUMP_USDT	−0.0048%	4h	2.1470	+0.023%	$7.7M	$53.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	−0.0026%	1h	2.1455	−0.047%	$82	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0024%	4h	2.1470	+0.023%	$30.5M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0024%	8h	2.1470	+0.022%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1466	+0.003%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1463	−0.009%	$404K	$81K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1470	+0.023%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1440	−0.115%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0076%	4h	2.1470	+0.023%	$4.1M	$702K	75x	as long as short
Lighter TRUMPlong	+0.0096%	1h	2.1465	long leg	$938K	$1.0M	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1482	+0.079%	$13.6M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1477	+0.054%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1484	+0.089%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	−0.023%	$399K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1470	+0.023%	$4.2M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.023%	$15.3M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1463	−0.009%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.070%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.023%	$482K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1462	−0.015%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1450	−0.070%	$187K	$439K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0425%	1h	2.1485	+0.093%	$380K	$415K	10x	as long as short