Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.103%

Price spread now: SunX against Reya+0.213%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 SunX

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 SunX is 0.213% dearer against Reya than usual: you sell high and buy low: +$21 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	2.1883	−0.0245	get 0.0031% / 1h	45m 56s	$5	—	10x
Short	SunX TRUMP-USDT	2.1930	0.0100	get 0.0050% / 4h	1h 45m	$2K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.213%Rate

Funding earned: $72.42
Price spread: +0.213% → 0.000%: $21.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: $79.71
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	31.88 bp	92.2 bp −$92	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 PERP	−0.1472%	1h	2.1810	−0.335%	$13K	$137K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1883	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1882	−0.006%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1904	+0.094%	$411K	$79K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1893	+0.044%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1857	−0.120%	$119K	$248K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0086%	4h	2.1890	+0.030%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0088%	8h	2.1877	−0.028%	$5K	—	5x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1899	+0.071%	$974K	$671K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1926	+0.195%	$14.1M	$7.4M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.1918	+0.158%	$457K	$831K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1888	+0.022%	$188K	$59K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1920	+0.167%	$62.5M	$217.3M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1920	+0.167%	$30.7M	$42.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1920	+0.167%	$26.8M	$149.2M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1910	+0.121%	$7.3M	$46.8M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1900	+0.076%	$481K	$132K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.121%	$4.7M	$10.4M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1910	+0.121%	$15.5M	$20.6M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1863	−0.093%	$683K	$261K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1860	−0.107%	$182K	$4.6M	10x	as long as short
SunX TRUMP-USDTshort	+0.0100%	4h	2.1930	+0.213%	$2K	$1.5M	50x
SoDEX TRUMP-USD	+0.0100%	1h	2.1895	+0.053%	$70	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1920	+0.167%	$517K	$1.7M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1901	+0.082%	$75K	$471K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1897	+0.062%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1891	+0.036%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0253%	1h	2.1928	+0.204%	$260K	$267K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1870	−0.061%	$4.2M	$520K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1860	−0.107%	$281K	$399K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0522%	1h	2.1925	+0.188%	$1.3M	$2.4M	50x	as long as short