Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h —

Price spread now: Reya against Phemex−0.002%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—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	Phemex TRUMPUSDT	2.1370	0.0100	pay 0.0050% / 4h	45m 48s	$281K	$621K	50x
Short	Reya TRUMPRUSDPERP	2.1370	−0.0245	pay 0.0031% / 1h	45m 48s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Phemex. 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 PhemexbpFee ReyabpOrdersPrice spread, now −0.002%Rate

Funding earned: −$72.41
Price spread: −0.002% → 0.000%: −$0.21
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$90.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 45 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 Phemex live order book, 45 min ago	4.69 bp	44.3 bp −$44	doesn't fit	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 32 exchanges

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
SoDEX TRUMP-USD	−0.0468%	1h	2.1375	+0.023%	$80	$6K	5x	as long as short
Extended TRUMP-USD	−0.0392%	1h	2.1388	+0.085%	$76K	$486K	25x	as long as short
Binance TRUMPUSDT	−0.0388%	4h	2.1400	+0.140%	$62.6M	$236.0M	75x	as long as short
Variational Omni TRUMP	−0.0381%	4h	2.1339	−0.143%	$664K	$399K	—	as long as short
Bybit TRUMPUSDT	−0.0326%	4h	2.1400	+0.140%	$31.1M	$48.1M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0320%	1h	2.1270	−0.468%	$125K	$520K	50x	as long as short
Lighter TRUMP	−0.0312%	1h	2.1370	0.000%	$914K	$929K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0311%	1h	2.1369	−0.005%	$384K	$67K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0297%	4h	2.1390	+0.094%	$27.1M	$172.3M	50x	as long as short
MEXC TRUMP_USDC	−0.0282%	4h	2.1380	+0.047%	$387K	$142K	125x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1370	−0.002%	$5	—	10x
KuCoin TRUMPUSDTM	−0.0230%	4h	2.1390	+0.094%	$4.3M	$10.0M	50x	as long as short
Gate TRUMP_USDT	−0.0222%	4h	2.1390	+0.094%	$7.7M	$46.3M	75x	as long as short
edgeX TRUMPUSDC	−0.0193%	4h	2.1316	−0.252%	$104K	$253K	20x	as long as short
Paradex TRUMP-USD-PERP	−0.0155%	8h	2.1390	+0.094%	$5K	$175	5x	as long as short
BloFin TRUMP-USDT	−0.0145%	4h	2.1380	+0.047%	$4.3M	$656K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1360	−0.047%	$5K	$291K	10x	as long as short
Bitget TRUMPUSDT	−0.0034%	4h	2.1410	+0.187%	$15.5M	$24.7M	75x	as long as short
dYdX TRUMP-USD	−0.0023%	1h	2.1414	+0.208%	$25K	$3K	5x	as long as short
Aevo TRUMP-PERP	−0.0016%	1h	2.1375	+0.022%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0002%	4h	2.1334	−0.171%	$179K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1380	+0.045%	$40K	—	150x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1350	−0.094%	$12K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1400	+0.140%	$13.5M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1390	+0.094%	$403K	$647K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1385	+0.072%	$184K	$54K	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1400	+0.140%	$2K	$1.4M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1390	+0.094%	$475K	$2.4M	50x	as long as short
Phemex TRUMPUSDTlong	+0.0100%	4h	2.1370	long leg	$281K	$621K	50x
Backpack TRUMP_USDC_PERP	+0.0182%	1h	2.1419	+0.229%	$382K	$389K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0220% / S −0.0222%	1h	2.1387	+0.077%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0327%	1h	2.1405	+0.165%	$1.4M	$2.1M	50x	as long as short