Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.087%

Price spread now: edgeX against Reya−0.303%65s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.303% cheaper against Reya than usual: you would sell low and buy high (spread −0.303% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 3.4 days of funding at the current rate (+$9 a day). The two prices were read 65 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	2.1924	−0.0245	get 0.0031% / 1h	48m 18s	$5	—	10x
Short	edgeX TRUMPUSDC	2.1857	0.0050	get 0.0025% / 4h	1h 48m	$119K	$248K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.303%Rate

Funding earned: $61.92
Price spread: −0.303% → 0.000%: −$30.26
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $16.67
Costs to cover: 0.150%
Break-even: 5.1 days

Slippage unknown: Reya: no order-book sample; edgeX: 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 edgeX live order book, 34 min ago	6.86 bp	13.9 bp −$14	39.0 bp −$390	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	−0.1472%	1h	2.1740	−0.837%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1924	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1908	−0.072%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1919	−0.021%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1920	−0.016%	$41K	—	150x	as long as short
edgeX TRUMPUSDCshort	+0.0050%	4h	2.1857	−0.303%	$119K	$248K	20x
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1910	−0.062%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0087%	8h	2.1910	−0.063%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1906	−0.080%	$975K	$670K	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1920	−0.016%	$457K	$831K	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	2.1922	−0.008%	$189K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1920	−0.016%	$62.4M	$217.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1910	−0.062%	$30.6M	$42.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	−0.016%	$26.8M	$149.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	−0.062%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1910	−0.062%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1920	−0.016%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	−0.016%	$15.5M	$20.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1863	−0.275%	$683K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.289%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1940	+0.075%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1910	−0.062%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1960	+0.166%	$518K	$1.7M	50x	as long as short
Hyperliquid TRUMP	+0.0102%	1h	2.1939	+0.071%	$14.1M	$7.4M	10x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1912	−0.054%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1898	−0.117%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1922	−0.009%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0244%	1h	2.1897	−0.121%	$259K	$268K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	−0.244%	$4.2M	$519K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.290%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0521%	1h	2.1934	+0.048%	$1.3M	$2.4M	50x	as long as short