TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0473%/8h= +51.7% APRnext payment +$0.59 per $10,000 · paid last 24h +0.157%

Price spread now: Backpack against Reya+0.104%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 Backpack

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Backpack is 0.104% dearer against Reya than usual: you sell high and buy low: +$10 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	2.1452	−0.0245	get 0.0031% / 1h	14m 19s	$5	—	10x
Short	Backpack TRUMP_USDC_PERP	2.1474	0.0228	get 0.0028% / 1h	14m 19s	$382K	$411K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.104%Rate

Funding earned: $99.23
Price spread: +0.104% → 0.000%: $10.43
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $93.66
Costs to cover: 0.160%
Break-even: 0.4 days

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 34 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 Backpack live order book, 34 min ago	0.23 bp	6.0 bp −$6	14.2 bp −$142	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 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	−0.1827%	1h	2.1300	−0.707%	$12K	$157K	12x	as long as short
Lighter TRUMP	−0.0416%	1h	2.1440	−0.054%	$947K	$1.0M	10x	as long as short
SoDEX TRUMP-USD	−0.0351%	1h	2.1465	+0.062%	$84	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0310%	4h	2.1460	+0.039%	$30.3M	$51.9M	50x	as long as short
Binance TRUMPUSDT	−0.0280%	4h	2.1470	+0.086%	$60.5M	$250.8M	75x	as long as short
Extended TRUMP-USD	−0.0280%	1h	2.1459	+0.036%	$74K	$744K	25x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1452	long leg	$5	—	10x
Variational Omni TRUMP	−0.0221%	4h	2.1411	−0.187%	$661K	$426K	—	as long as short
Paradex TRUMP-USD-PERP	−0.0204%	8h	2.1454	+0.009%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0169%	1h	2.1470	+0.086%	$404K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0150%	4h	2.1470	+0.086%	$7.7M	$53.6M	75x	as long as short
edgeX TRUMPUSDC	−0.0139%	4h	2.1419	−0.150%	$104K	$265K	20x	as long as short
OKX TRUMP-USDT-SWAP	−0.0085%	4h	2.1450	−0.008%	$27.0M	$182.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0057%	4h	2.1460	+0.039%	$5K	$225K	10x	as long as short
BloFin TRUMP-USDT	−0.0040%	4h	2.1430	−0.101%	$4.1M	$690K	75x	as long as short
dYdX TRUMP-USD	−0.0019%	1h	2.1456	+0.019%	$27K	$506	5x	as long as short
GRVT TRUMP_USDT_Perp	−0.0010%	4h	2.1432	−0.091%	$173K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0008%	1h	2.1444	−0.034%	$19K	—	3x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1476	+0.114%	$40K	—	150x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	+0.104%	$13.5M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1464	+0.056%	$403K	$772K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1447	−0.021%	$184K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	+0.039%	$400K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1460	+0.039%	$4.1M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1470	+0.086%	$15.4M	$26.8M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1480	+0.132%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	−0.054%	$481K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1472	+0.097%	$9K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0198%	1h	2.1491	+0.186%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0228%	1h	2.1474	+0.104%	$382K	$411K	10x
Coinbase International TRUMP-PERP-INTX	+0.0392%	1h	2.1480	+0.132%	$237K	$357K	50x	as long as short