Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.103%

Price spread now: Aster against Reya+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 Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Aster is 0.055% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1741	−0.0245	get 0.0031% / 1h	1m 00s	$5	—	10x
Short	Aster TRUMPUSDT	2.1753	0.0100	get 0.0050% / 4h	3h 01m	$413K	$651K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.055%Rate

Funding earned: $72.41
Price spread: +0.055% → 0.000%: $5.46
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $63.86
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 32 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 32 min ago	4.68 bp	13.0 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit

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 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	−0.1829%	1h	2.1600	−0.648%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0364%	4h	2.1730	−0.051%	$31.3M	$50.6M	50x	as long as short
Variational Omni TRUMP	−0.0341%	4h	2.1771	+0.140%	$675K	$419K	—	as long as short
SoDEX TRUMP-USD	−0.0337%	1h	2.1748	+0.032%	$71	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0301%	1h	2.1760	+0.087%	$391K	$73K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0245%	4h	2.1720	−0.097%	$27.5M	$181.2M	50x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1741	long leg	$5	—	10x
Binance TRUMPUSDT	−0.0236%	4h	2.1740	−0.005%	$63.6M	$244.9M	75x	as long as short
Extended TRUMP-USD	−0.0232%	1h	2.1729	−0.055%	$77K	$492K	25x	as long as short
Lighter TRUMP	−0.0224%	1h	2.1741	0.000%	$946K	$998K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0136%	8h	2.1776	+0.163%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1720	−0.097%	$142K	$514K	50x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1745	+0.019%	$106K	$254K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0082%	4h	2.1750	+0.041%	$5K	$315K	10x	as long as short
Gate TRUMP_USDT	−0.0058%	4h	2.1730	−0.051%	$7.8M	$50.9M	75x	as long as short
KuCoin TRUMPUSDTM	−0.0052%	4h	2.1740	−0.005%	$4.2M	$10.5M	50x	as long as short
dYdX TRUMP-USD	−0.0015%	1h	2.1786	+0.208%	$26K	$1K	5x	as long as short
Bitget TRUMPUSDT	+0.0004%	4h	2.1750	+0.041%	$15.4M	$26.1M	75x	as long as short
BloFin TRUMP-USDT	+0.0004%	4h	2.1750	+0.041%	$4.3M	$694K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1778	+0.168%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1740	−0.005%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0058%	4h	2.1740	−0.005%	$404K	$151K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1763	+0.101%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDTshort	+0.0100%	4h	2.1753	+0.055%	$413K	$651K	20x
Pacifica TRUMP	+0.0100%	1h	2.1785	+0.202%	$187K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1752	+0.051%	$177K	$4.1M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1770	+0.133%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	+0.133%	$503K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1740	−0.005%	$3K	$24K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0119%	1h	2.1786	+0.207%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1769	+0.128%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0383%	1h	2.1768	+0.124%	$388K	$411K	10x	as long as short