Funding you earn now, next payment 22:00 UTC−0.1542%/8h= −168.8% APRnext payment −$1.93 per $10,000 · paid last 24h −0.414%
Price spread now: Injective against Reya−0.339%112s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Injective is 0.339% cheaper against Reya than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 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 | 2.1834 | −0.0245 | get 0.0031% / 1h | 59m 24s | $5 | — | 10x |
| Short | Injective TRUMP/USDC PERP | 2.1760 | −0.1787 | pay 0.0223% / 1h | 59m 24s | $13K | $137K | 12x |
Reya TRUMPRUSDPERP
Injective TRUMP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$323.79
- Price spread: −0.339% → 0.000%
- −$33.88
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$363.68
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Injective: live order book, 10 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 Injective live order book, 10 min ago | 34.40 bp | 34.4 bp −$34 | doesn't fit | 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 PERPshort | −0.1787% | 1h | 2.1760 | −0.339% | $13K | $137K | 12x | |
| Reya TRUMPRUSDPERPlong | −0.0245% | 1h | 2.1834 | long leg | $5 | — | 10x | |
| Kraken Futures PF_TRUMPUSD | −0.0131% | 1h | 2.1804 | −0.137% | $1.3M | $2.3M | 50x | as long as short |
| Deribit TRUMP_USDC-PERPETUAL | −0.0117% | 1h | 2.1779 | −0.252% | $408K | $79K | 10x | as long as short |
| dYdX TRUMP-USD | −0.0004% | 1h | 2.1789 | −0.205% | $27K | $485 | 5x | as long as short |
| gTrade (Gains Network) TRUMP/USD | L +0.0008% / S −0.0007% | 1h | 2.1837 | +0.015% | $41K | — | 150x | as long as short |
| edgeX TRUMPUSDC | +0.0050% | 4h | 2.1763 | −0.325% | $118K | $248K | 20x | as long as short |
| Paradex TRUMP-USD-PERP | +0.0085% | 8h | 2.1793 | −0.187% | $5K | — | 5x | as long as short |
| Orderly PERP_TRUMP_USDC | +0.0086% | 4h | 2.1830 | −0.018% | $3K | $249K | 10x | as long as short |
| Lighter TRUMP | +0.0096% | 1h | 2.1776 | −0.265% | $969K | $665K | 10x | as long as short |
Kraken Futures PF_TRUMPUSD
Deribit TRUMP_USDC-PERPETUAL
dYdX TRUMP-USD
gTrade (Gains Network) TRUMP/USD
edgeX TRUMPUSDC
Paradex TRUMP-USD-PERP
Orderly PERP_TRUMP_USDC
Lighter TRUMPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRUMPUSDT | +0.0100% | 4h | 2.1818 | −0.073% | $456K | $832K | 20x | as long as short |
| Pacifica TRUMP | +0.0100% | 1h | 2.1794 | −0.182% | $188K | $60K | 10x | as long as short |
| Binance TRUMPUSDT | +0.0100% | 4h | 2.1839 | +0.024% | $62.1M | $216.1M | 75x | as long as short |
| Bybit TRUMPUSDT | +0.0100% | 4h | 2.1840 | +0.028% | $30.4M | $42.5M | 50x | as long as short |
| OKX TRUMP-USDT-SWAP | +0.0100% | 4h | 2.1850 | +0.073% | $26.8M | $148.0M | 50x | as long as short |
| Gate TRUMP_USDT | +0.0100% | 4h | 2.1830 | −0.018% | $7.4M | $46.3M | 75x | as long as short |
| MEXC TRUMP_USDC | +0.0100% | 4h | 2.1810 | −0.110% | $479K | $131K | 125x | as long as short |
| KuCoin TRUMPUSDTM | +0.0100% | 4h | 2.1830 | −0.018% | $4.7M | $10.4M | 50x | as long as short |
| Bitget TRUMPUSDT | +0.0100% | 4h | 2.1840 | +0.028% | $15.4M | $20.4M | 75x | as long as short |
| Variational Omni TRUMP | +0.0100% | 4h | 2.1764 | −0.319% | $679K | $261K | — | as long as short |
| GRVT TRUMP_USDT_Perp | +0.0100% | 4h | 2.1767 | −0.308% | $179K | $4.6M | 10x | as long as short |
| SunX TRUMP-USDT | +0.0100% | 4h | 2.1780 | −0.247% | $1K | $1.5M | 50x | as long as short |
| SoDEX TRUMP-USD | +0.0100% | 1h | 2.1775 | −0.270% | $70 | $6K | 5x | as long as short |
| HTX TRUMP-USDT | +0.0100% | 4h | 2.1810 | −0.110% | $513K | $1.7M | 50x | as long as short |
| Extended TRUMP-USD | +0.0104% | 1h | 2.1792 | −0.192% | $75K | $471K | 25x | as long as short |
| Aevo TRUMP-PERP | +0.0104% | 1h | 2.1770 | −0.292% | $19K | — | 3x | as long as short |
| Backpack TRUMP_USDC_PERP | +0.0150% | 1h | 2.1808 | −0.119% | $261K | $266K | 10x | as long as short |
| GMX TRUMP/USD [ETH-USDC] | L +0.0216% / S −0.0188% | 1h | 2.1842 | +0.035% | $10K | — | 100x | as long as short |
| Coinbase International TRUMP-PERP-INTX | +0.0288% | 1h | 2.1860 | +0.119% | $281K | $399K | 50x | as long as short |
| BloFin TRUMP-USDT | +0.0340% | 4h | 2.1750 | −0.385% | $4.2M | $501K | 75x | as long as short |
| Hyperliquid TRUMP | +0.0451% | 1h | 2.1852 | +0.083% | $14.1M | $7.4M | 10x | as long as short |
Aster TRUMPUSDT
Pacifica TRUMP
Binance TRUMPUSDT
Bybit TRUMPUSDT
OKX TRUMP-USDT-SWAP
Gate TRUMP_USDT
MEXC TRUMP_USDC
KuCoin TRUMPUSDTM
Bitget TRUMPUSDT
Variational Omni TRUMP
GRVT TRUMP_USDT_Perp
SunX TRUMP-USDT
SoDEX TRUMP-USD
HTX TRUMP-USDT
Extended TRUMP-USD
Aevo TRUMP-PERP
Backpack TRUMP_USDC_PERP
GMX TRUMP/USD [ETH-USDC]
Coinbase International TRUMP-PERP-INTX
BloFin TRUMP-USDT
Hyperliquid TRUMP