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: OKX against Reya−0.053%47s7-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 OKX

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. OKX is 0.053% cheaper against Reya than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day). The two prices were read 47 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	2.1641	−0.0245	get 0.0031% / 1h	18m 41s	$5	—	10x
Short	OKX TRUMP-USDT-SWAP	2.1630	0.0100	get 0.0050% / 4h	3h 18m	$27.6M	$178.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $72.41
Price spread: −0.053% → 0.000%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $51.11
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	2.31 bp	7.3 bp −$7	11.7 bp −$117	47.5 bp −$4,753	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	2.1560	−0.377%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0324%	1h	2.1645	+0.016%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0283%	8h	2.1625	−0.075%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1641	long leg	$5	—	10x
Gate TRUMP_USDT	−0.0174%	4h	2.1630	−0.053%	$7.8M	$52.0M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1648	+0.030%	$407K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0113%	4h	2.1630	−0.051%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1619	−0.104%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0099%	4h	2.1630	−0.053%	$30.6M	$50.3M	50x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	+0.119%	$106K	$264K	20x	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	−0.0023%	4h	2.1681	+0.184%	$670K	$516K	—	as long as short
dYdX TRUMP-USD	−0.0008%	1h	2.1656	+0.068%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1656	+0.067%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0013%	4h	2.1640	−0.007%	$4K	$191K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	+0.086%	$177K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0024%	1h	2.1629	−0.058%	$955K	$975K	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1625	−0.076%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1650	+0.039%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1640	−0.005%	$407K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1640	−0.007%	$186K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAPshort	+0.0100%	4h	2.1630	−0.053%	$27.6M	$178.8M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1620	−0.099%	$406K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1630	−0.053%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1630	−0.053%	$15.7M	$26.0M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1670	+0.132%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1670	+0.132%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0127%	4h	2.1640	−0.007%	$4.2M	$662K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1656	+0.068%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1685	+0.202%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0201%	1h	2.1685	+0.201%	$340K	$378K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1690	+0.224%	$280K	$277K	50x	as long as short