Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.103%

Price spread now: Reya against OKX+0.008%7-day average — · you sell dearer than you buy

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

Long on OKX 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1750	0.0100	pay 0.0050% / 4h	3h 51m	$26.9M	$152.4M	50x
Short	Reya TRUMPRUSDPERP	2.1752	−0.0245	pay 0.0031% / 1h	51m 15s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now +0.008%Rate

Funding earned: −$72.42
Price spread: +0.008% → 0.000%: $0.78
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$87.64
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	2.30 bp	7.3 bp −$7	12.4 bp −$124	49.7 bp −$4,975	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	−0.1608%	1h	2.1650	−0.460%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1752	+0.008%	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1747	−0.016%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1753	+0.014%	$408K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1760	+0.046%	$41K	—	150x	as long as short
Gate TRUMP_USDT	+0.0028%	4h	2.1750	0.000%	$7.4M	$46.6M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1788	+0.174%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1750	0.000%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1754	+0.018%	$974K	$707K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1742	−0.036%	$5K	—	5x	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	2.1755	+0.025%	$453K	$836K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1751	+0.006%	$187K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1755	+0.025%	$62.4M	$227.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1750	0.000%	$30.5M	$44.8M	50x	as long as short
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1750	long leg	$26.9M	$152.4M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	0.000%	$471K	$131K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1750	0.000%	$4.0M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1760	+0.046%	$15.6M	$22.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1742	−0.038%	$636K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1800	+0.230%	$181K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1780	+0.138%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1755	+0.023%	$71	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1780	+0.138%	$551K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1750	+0.002%	$75K	$478K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1757	+0.032%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0178%	1h	2.1773	+0.106%	$14.1M	$7.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1759	+0.040%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1760	+0.046%	$4.2M	$626K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0417%	1h	2.1777	+0.124%	$256K	$283K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1760	+0.046%	$281K	$383K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0791%	1h	2.1784	+0.156%	$1.3M	$2.5M	50x	as long as short