Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.097%

Price spread now: Reya against Variational Omni−0.732%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.732% cheaper against Variational Omni than usual: you would sell low and buy high (−$73 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	Variational Omni TRUMP	2.1871	−0.0013	get 0.0006% / 4h	3h 27m	$675K	$516K	—
Short	Reya TRUMPRUSDPERP	2.1711	−0.0245	pay 0.0031% / 1h	27m 24s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now −0.732%Rate

Funding earned: −$48.72
Price spread: −0.732% → 0.000%: −$73.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$127.96
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago	5.03 bp	doesn't fit	14.7 bp −$147	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	2.1740	−0.600%	$13K	$157K	12x	as long as short
Paradex TRUMP-USD-PERP	−0.0306%	8h	2.1702	−0.775%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0258%	1h	2.1758	−0.517%	$88	$6K	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1711	−0.732%	$5	—	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0210%	1h	2.1745	−0.577%	$409K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0112%	4h	2.1710	−0.737%	$7.8M	$51.5M	75x	as long as short
Binance TRUMPUSDT	−0.0083%	4h	2.1683	−0.860%	$61.4M	$245.3M	75x	as long as short
Extended TRUMP-USD	−0.0080%	1h	2.1699	−0.789%	$75K	$716K	25x	as long as short
edgeX TRUMPUSDC	−0.0037%	4h	2.1799	−0.329%	$106K	$263K	20x	as long as short
Variational Omni TRUMPlong	−0.0013%	4h	2.1871	long leg	$675K	$516K	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	−0.0001%	1h	2.1746	−0.574%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1704	−0.765%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0024%	4h	2.1700	−0.783%	$3K	$185K	10x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1675	−0.896%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0092%	4h	2.1790	−0.371%	$179K	$4.6M	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1713	−0.723%	$959K	$975K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1733	−0.632%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1714	−0.718%	$409K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1719	−0.694%	$187K	$52K	10x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.1690	−0.828%	$30.7M	$50.1M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1680	−0.874%	$27.8M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1720	−0.691%	$407K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1720	−0.691%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1720	−0.691%	$15.8M	$25.9M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1760	−0.508%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1770	−0.463%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0161%	4h	2.1800	−0.325%	$4.2M	$682K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1707	−0.751%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1763	−0.493%	$1.3M	$2.2M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0279%	1h	2.1749	−0.559%	$341K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1890	+0.086%	$283K	$279K	50x	as long as short