Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0585%/8h= +64.0% APRpaid last 24h +0.170%

Price spread now: BloFin against Reya+0.038%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 BloFin

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 +$18 a day on $10k at the current rate, and BloFin is 0.038% 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	2.1862	−0.0245	get 0.0031% / 1h	17m 03s	$5	—	10x
Short	BloFin TRUMP-USDT	2.1870	0.0340	get 0.0170% / 4h	17m 03s	$4.2M	$636K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $122.82
Price spread: +0.038% → 0.000%: $3.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $108.58
Costs to cover: 0.180%
Break-even: 0.8 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	4.58 bp	10.6 bp −$11	17.1 bp −$171	43.0 bp −$4,295	145.6 bp −$72.8K

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	−0.1537%	1h	2.1770	−0.420%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1862	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1876	+0.065%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1865	+0.015%	$410K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1866	+0.019%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1891	+0.134%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1860	−0.008%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1877	+0.070%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1869	+0.033%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1881	+0.088%	$456K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1882	+0.092%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1887	+0.115%	$62.8M	$226.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1890	+0.129%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	+0.083%	$27.2M	$153.1M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1880	+0.083%	$7.5M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1860	−0.008%	$474K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	+0.083%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1890	+0.129%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.045%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1910	+0.221%	$193K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	+0.129%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1875	+0.060%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1900	+0.175%	$554K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	+0.087%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1860	−0.008%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1861	−0.005%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0272%	1h	2.1907	+0.207%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDTshort	+0.0340%	4h	2.1870	+0.038%	$4.2M	$636K	75x
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.907%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0485%	1h	2.1900	+0.175%	$256K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1907	+0.208%	$1.3M	$2.5M	50x	as long as short