Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Reya+0.047%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Variational Omni is 0.047% dearer against Reya than usual: you sell high and buy low: +$5 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	2.1852	−0.0245	get 0.0031% / 1h	21m 30s	$5	—	10x
Short	Variational Omni TRUMP	2.1862	0.0100	get 0.0050% / 4h	21m 30s	$638K	$377K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.047%Rate

Funding earned: $72.42
Price spread: +0.047% → 0.000%: $4.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $71.14
Costs to cover: 0.060%
Break-even: 0.1 days

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 58 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 Variational Omni RFQ quote, 58 min ago	5.00 bp	doesn't fit	15.7 bp −$157	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	−0.1537%	1h	2.1720	−0.605%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1852	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1876	+0.110%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1901	+0.223%	$411K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1899	+0.214%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1805	−0.216%	$119K	$249K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0096%	4h	2.1890	+0.173%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1857	+0.022%	$980K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1853	+0.003%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1870	+0.082%	$456K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1868	+0.073%	$188K	$60K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.1863	+0.050%	$62.8M	$225.8M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1860	+0.036%	$30.8M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1860	+0.036%	$27.2M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1850	−0.010%	$7.4M	$48.6M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1850	−0.010%	$478K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1870	+0.082%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1870	+0.082%	$15.4M	$21.7M	75x	as long as short
Variational Omni TRUMPshort	+0.0100%	4h	2.1862	+0.047%	$638K	$377K	—
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1845	−0.034%	$192K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1930	+0.356%	$1K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1892	+0.182%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.356%	$555K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1851	−0.006%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1892	+0.180%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1900	+0.219%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0294%	1h	2.1883	+0.141%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1850	−0.010%	$4.2M	$635K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+0.951%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0477%	1h	2.1912	+0.274%	$258K	$282K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0872%	1h	2.1913	+0.278%	$1.3M	$2.5M	50x	as long as short