Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.103%

Price spread now: GRVT against Reya−0.098%7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.098% cheaper against Reya than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1821	−0.0245	get 0.0031% / 1h	47m 27s	$5	—	10x
Short	GRVT TRUMP_USDT_Perp	2.1800	0.0100	get 0.0050% / 4h	3h 47m	$181K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.098%Rate

Funding earned: $72.41
Price spread: −0.098% → 0.000%: −$9.83
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $47.58
Costs to cover: 0.150%
Break-even: 2.4 days

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago	2.29 bp	15.4 bp −$15	28.0 bp −$280	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	−0.1765%	1h	2.1690	−0.602%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1821	long leg	$5	—	10x
Binance TRUMPUSDT	−0.0036%	4h	2.1830	+0.039%	$61.6M	$243.9M	75x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1809	−0.057%	$75K	$722K	25x	as long as short
SoDEX TRUMP-USD	−0.0026%	1h	2.1850	+0.131%	$95	$6K	5x	as long as short
edgeX TRUMPUSDC	−0.0016%	4h	2.1774	−0.215%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1840	+0.085%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1856	+0.158%	$411K	$72K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1838	+0.076%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	−0.185%	$676K	$514K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	+0.0034%	4h	2.1830	+0.039%	$7.8M	$50.9M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0040%	4h	2.1850	+0.131%	$4K	$178K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0041%	8h	2.1822	+0.001%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1840	+0.085%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1820	−0.007%	$966K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1843	+0.099%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1841	+0.088%	$428K	$816K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1820	−0.007%	$188K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1820	−0.007%	$30.8M	$49.9M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1820	−0.007%	$27.8M	$178.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	+0.039%	$410K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1840	+0.085%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1830	+0.039%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perpshort	+0.0100%	4h	2.1800	−0.098%	$181K	$4.6M	10x
SunX TRUMP-USDT	+0.0100%	4h	2.1870	+0.222%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.222%	$510K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1876	+0.250%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1867	+0.208%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0207%	4h	2.1760	−0.282%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−1.381%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0469%	1h	2.1889	+0.310%	$344K	$375K	10x	as long as short