Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.100%

Price spread now: Reya against Paradex+0.042%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.042% dearer against Paradex than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 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	Paradex TRUMP-USD-PERP	2.1422	0.0009	pay 0.0009% / 8h	4h 39m	$5K	$175	5x
Short	Reya TRUMPRUSDPERP	2.1431	−0.0245	pay 0.0031% / 1h	39m 04s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now +0.042%Rate

Funding earned: −$53.25
Price spread: +0.042% → 0.000%: $4.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: −$59.06
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex 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	−0.1690%	1h	2.1350	−0.338%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0280%	1h	2.1419	−0.016%	$92	$6K	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1431	+0.042%	$5	—	10x
Lighter TRUMP	−0.0232%	1h	2.1408	−0.068%	$947K	$933K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0217%	1h	2.1424	+0.007%	$403K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0090%	4h	2.1430	+0.035%	$7.6M	$50.6M	75x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	+0.180%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1456	+0.156%	$27K	$512	5x	as long as short
Bybit TRUMPUSDT	−0.0003%	4h	2.1430	+0.035%	$30.4M	$49.3M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1448	+0.117%	$40K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERPlong	+0.0009%	8h	2.1422	long leg	$5K	$175	5x
edgeX TRUMPUSDC	+0.0016%	4h	2.1508	+0.398%	$105K	$263K	20x	as long as short
Binance TRUMPUSDT	+0.0021%	4h	2.1421	−0.006%	$60.2M	$241.1M	75x	as long as short
Extended TRUMP-USD	+0.0024%	1h	2.1410	−0.060%	$75K	$749K	25x	as long as short
Orderly PERP_TRUMP_USDC	+0.0049%	4h	2.1420	−0.012%	$4K	$215K	10x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1440	+0.082%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1415	−0.035%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1438	+0.072%	$14.1M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1436	+0.061%	$421K	$828K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1453	+0.142%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1420	−0.012%	$27.1M	$171.8M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1420	−0.012%	$404K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1430	+0.035%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1420	−0.012%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1442	+0.091%	$251K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1520	+0.457%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1440	+0.082%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	+0.082%	$497K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1449	+0.123%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1444	+0.101%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1470	+0.222%	$278K	$280K	50x	as long as short