TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.072%

Price spread now: Deribit against Reya−0.141%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Deribit

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

Funding pays, the price is against you. Deribit is 0.141% cheaper against Reya than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 46 hours of funding at the current rate (+$7 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1907	−0.0245	get 0.0031% / 1h	19m 34s	$5	—	10x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1876	0	get 0.0000% / 1h	19m 34s	$410K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.141%Rate

Funding earned: $51.42
Price spread: −0.141% → 0.000%: −$14.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.35
Costs to cover: 0.130%
Break-even: 3.7 days

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 59 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 Deribit live order book, 59 min ago	5.71 bp	12.4 bp −$12	22.2 bp −$222	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	−0.1537%	1h	2.1720	−0.853%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1907	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1876	−0.138%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.1876	−0.141%	$410K	$77K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1875	−0.146%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1805	−0.465%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1870	−0.168%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1876	−0.141%	$981K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1881	−0.119%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1891	−0.072%	$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	2.1885	−0.101%	$189K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1908	+0.003%	$62.9M	$225.9M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	+0.014%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1900	−0.031%	$27.2M	$153.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1890	−0.077%	$7.4M	$48.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1870	−0.168%	$479K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	−0.122%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1910	+0.014%	$15.5M	$21.7M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1852	−0.250%	$639K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	−0.283%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1890	−0.077%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1869	−0.173%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1910	+0.014%	$554K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1881	−0.119%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1863	−0.202%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1873	−0.155%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0286%	1h	2.1930	+0.108%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1840	−0.305%	$4.2M	$635K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.699%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0484%	1h	2.1900	−0.031%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0873%	1h	2.1890	−0.078%	$1.3M	$2.5M	50x	as long as short