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: Reya against SunX−0.085%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Reya

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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Reya is 0.085% cheaper against SunX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TRUMP-USDT	2.1770	0.0100	pay 0.0050% / 4h	3h 49m	$2K	$1.6M	50x
Short	Reya TRUMPRUSDPERP	2.1752	−0.0245	pay 0.0031% / 1h	49m 04s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.085%Rate

Funding earned: −$72.41
Price spread: −0.085% → 0.000%: −$8.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$94.88
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; Reya: no order-book sample. 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 SunX live order book, 6 min ago	501.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	2.1690	−0.367%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1752	−0.085%	$5	—	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0118%	1h	2.1748	−0.101%	$409K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0033%	4h	2.1790	+0.092%	$61.5M	$243.6M	75x	as long as short
Extended TRUMP-USD	−0.0032%	1h	2.1739	−0.142%	$75K	$722K	25x	as long as short
edgeX TRUMPUSDC	−0.0015%	4h	2.1745	−0.113%	$106K	$264K	20x	as long as short
SoDEX TRUMP-USD	−0.0013%	1h	2.1755	−0.069%	$95	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1816	+0.213%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1764	−0.026%	$41K	—	150x	as long as short
Variational Omni TRUMP	+0.0014%	4h	2.1781	+0.051%	$676K	$514K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	+0.0041%	4h	2.1740	−0.138%	$4K	$178K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0044%	8h	2.1790	+0.090%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1746	−0.112%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1753	−0.078%	$963K	$959K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1806	+0.165%	$13.8M	$7.9M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1769	−0.007%	$426K	$814K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1796	+0.120%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1790	+0.092%	$30.8M	$49.8M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	+0.046%	$27.7M	$177.3M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1790	+0.092%	$7.8M	$50.9M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	+0.092%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1810	+0.184%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1800	+0.138%	$15.8M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1815	+0.208%	$187K	$4.6M	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1770	long leg	$2K	$1.6M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1800	+0.138%	$512K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1761	−0.042%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1784	+0.065%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0207%	4h	2.1760	−0.046%	$4.2M	$683K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1520	−1.148%	$278K	$275K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0461%	1h	2.1821	+0.234%	$343K	$375K	10x	as long as short