Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.101%

Price spread now: Binance against Reya+0.036%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 Binance

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 +$10 a day on $10k at the current rate, and Binance is 0.036% dearer against Reya than usual: you sell high and buy low: +$4 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	2.1764	−0.0245	get 0.0031% / 1h	1m 19s	$5	—	10x
Short	Binance TRUMPUSDT	2.1772	0.0100	get 0.0050% / 4h	2h 01m	$62.0M	$215.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.036%Rate

Funding earned: $72.42
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $60.06
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 12 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 Binance live order book, 12 min ago	2.29 bp	10.3 bp −$10	17.8 bp −$178	51.1 bp −$5,107	249.5 bp −$124.7K

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	−0.1787%	1h	2.1760	−0.019%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1764	long leg	$5	—	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0163%	1h	2.1764	−0.001%	$408K	$79K	10x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0131%	1h	2.1791	+0.122%	$1.3M	$2.3M	50x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1769	+0.023%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1782	+0.080%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1761	−0.016%	$118K	$248K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0084%	8h	2.1755	−0.042%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1770	+0.027%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1750	−0.065%	$968K	$666K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.1791	+0.123%	$14.0M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1770	+0.025%	$455K	$832K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1768	+0.016%	$187K	$60K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.1772	+0.036%	$62.0M	$215.9M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1780	+0.073%	$30.4M	$42.5M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1770	+0.027%	$26.7M	$147.4M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1770	+0.027%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1750	−0.065%	$478K	$136K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1770	+0.027%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1780	+0.073%	$15.4M	$20.4M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1764	−0.001%	$679K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1731	−0.150%	$178K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1790	+0.119%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1755	−0.042%	$69	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1790	+0.119%	$513K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1763	−0.005%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1766	+0.006%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0148%	1h	2.1779	+0.068%	$261K	$266K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1778	+0.064%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.440%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1780	+0.073%	$4.2M	$501K	75x	as long as short