Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0332%/8h= −36.3% APRpaid last 24h −0.102%

Price spread now: Reya against Orderly+0.055%7-day average — · you sell dearer than you buy

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

Long on Orderly 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 0.055% dearer against Orderly than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 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	Orderly PERP_TRUMP_USDC	2.1900	0.0087	pay 0.0043% / 4h	1h 04m	$3K	$249K	10x
Short	Reya TRUMPRUSDPERP	2.1912	−0.0245	pay 0.0031% / 1h	4m 06s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Orderly. 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 OrderlybpFee ReyabpOrdersPrice spread, now +0.055%Rate

Funding earned: −$69.68
Price spread: +0.055% → 0.000%: $5.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: −$76.18
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Orderly and 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	−0.1472%	1h	2.1800	−0.457%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1912	+0.055%	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1904	+0.018%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1913	+0.059%	$411K	$76K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1916	+0.073%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1867	−0.152%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDClong	+0.0087%	4h	2.1900	long leg	$3K	$249K	10x
Paradex TRUMP-USD-PERP	+0.0094%	8h	2.1903	+0.015%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1902	+0.009%	$986K	$724K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1930	+0.137%	$14.1M	$7.5M	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	2.1919	+0.086%	$456K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1913	+0.060%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1904	+0.017%	$62.4M	$220.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	+0.046%	$30.6M	$43.4M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	+0.046%	$26.9M	$150.8M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	+0.046%	$7.4M	$47.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1890	−0.046%	$481K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.046%	$4.6M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1910	+0.046%	$15.5M	$21.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1912	+0.055%	$693K	$272K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1911	+0.051%	$190K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1930	+0.137%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1905	+0.023%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.137%	$524K	$1.8M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1901	+0.003%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1900	0.000%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1911	+0.052%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1900	0.000%	$4.2M	$626K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0341%	1h	2.1933	+0.151%	$259K	$274K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1930	+0.137%	$283K	$401K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1934	+0.154%	$1.3M	$2.5M	50x	as long as short