Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.103%

Price spread now: HTX against Reya+0.088%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 HTX

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 HTX is 0.088% dearer against Reya than usual: you sell high and buy low: +$9 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	2.1541	−0.0245	get 0.0031% / 1h	1m 14s	$5	—	10x
Short	HTX TRUMP-USDT	2.1560	0.0100	get 0.0050% / 4h	1h 01m	$500K	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $72.42
Price spread: +0.088% → 0.000%: $8.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $63.18
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 3 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 HTX live order book, 3 min ago	6.96 bp	18.6 bp −$19	47.4 bp −$474	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	−0.1659%	1h	2.1440	−0.469%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1541	long leg	$5	—	10x
SoDEX TRUMP-USD	−0.0124%	1h	2.1540	−0.005%	$85	$6K	5x	as long as short
Gate TRUMP_USDT	−0.0074%	4h	2.1550	+0.041%	$7.6M	$50.6M	75x	as long as short
Lighter TRUMP	−0.0072%	1h	2.1538	−0.015%	$951K	$933K	10x	as long as short
Bybit TRUMPUSDT	−0.0029%	4h	2.1540	−0.005%	$30.7M	$48.9M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0028%	1h	2.1555	+0.064%	$406K	$72K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1556	+0.068%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1565	+0.109%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0013%	8h	2.1535	−0.026%	$5K	$175	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	+0.0044%	4h	2.1581	+0.184%	$661K	$475K	—	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1567	+0.121%	$105K	$264K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0064%	4h	2.1540	−0.005%	$4K	$228K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1583	+0.194%	$14.3M	$7.6M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1560	+0.088%	$424K	$830K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1549	+0.037%	$185K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1537	−0.020%	$61.5M	$240.1M	75x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1550	+0.041%	$27.2M	$171.3M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	−0.005%	$413K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1560	+0.088%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1550	+0.041%	$15.6M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1550	+0.041%	$256K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1560	+0.088%	$176K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1570	+0.134%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1560	+0.088%	$500K	$2.1M	50x
Extended TRUMP-USD	+0.0104%	1h	2.1539	−0.010%	$74K	$747K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1528	−0.060%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1559	+0.082%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0291%	1h	2.1567	+0.121%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1550	+0.041%	$4.3M	$666K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0504%	1h	2.1590	+0.227%	$280K	$282K	50x	as long as short