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 +0.103%

Price spread now: Bitget against Reya+0.028%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 Bitget

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 Bitget is 0.028% dearer against Reya than usual: you sell high and buy low: +$3 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	2.1854	−0.0245	get 0.0031% / 1h	11m 30s	$5	—	10x
Short	Bitget TRUMPUSDT	2.1860	0.0100	get 0.0050% / 4h	2h 11m	$15.5M	$20.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.028%Rate

Funding earned: $72.42
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $57.18
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 7 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 Bitget live order book, 7 min ago	4.57 bp	14.5 bp −$15	18.3 bp −$183	43.8 bp −$4,379	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	−0.1787%	1h	2.1790	−0.293%	$13K	$119K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1854	long leg	$5	—	10x
Kraken Futures PF_TRUMPUSD	−0.0130%	1h	2.1866	+0.056%	$1.3M	$2.3M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0070%	1h	2.1844	−0.046%	$409K	$79K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1848	−0.026%	$27K	$485	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1860	+0.026%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1873	+0.085%	$119K	$248K	20x	as long as short
Lighter TRUMP	+0.0056%	1h	2.1832	−0.101%	$972K	$662K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0081%	8h	2.1838	−0.072%	$5K	—	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1840	−0.064%	$3K	$249K	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	2.1868	+0.064%	$14.1M	$7.4M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1848	−0.026%	$458K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1847	−0.032%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1850	−0.017%	$62.2M	$215.5M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1850	−0.018%	$30.5M	$42.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1840	−0.064%	$26.7M	$147.6M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1840	−0.064%	$7.4M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	−0.110%	$480K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	+0.073%	$4.7M	$10.3M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1860	+0.028%	$15.5M	$20.4M	75x
Variational Omni TRUMP	+0.0100%	4h	2.1864	+0.046%	$682K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1843	−0.049%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.028%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	−0.087%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.073%	$515K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1833	−0.097%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1830	−0.109%	$19K	—	3x	as long as short
Backpack TRUMP_USDC_PERP	+0.0176%	1h	2.1857	+0.014%	$259K	$264K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1836	−0.084%	$10K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0288%	1h	2.1860	+0.028%	$281K	$399K	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1830	−0.110%	$4.2M	$503K	75x	as long as short