TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0437%/8h= −47.9% APRnext payment −$0.55 per $10,000 · paid last 24h −0.157%

Price spread now: Reya against Backpack−0.216%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 −$13 a day on $10k at the current rate, and Reya is 0.216% cheaper against Backpack than usual: you would sell low and buy high (−$22 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	Backpack TRUMP_USDC_PERP	2.1638	0.0192	pay 0.0024% / 1h	6m 40s	$384K	$402K	10x
Short	Reya TRUMPRUSDPERP	2.1591	−0.0245	pay 0.0031% / 1h	6m 40s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.216%Rate

Funding earned: −$91.83
Price spread: −0.216% → 0.000%: −$21.62
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$129.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 47 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 Backpack live order book, 47 min ago	0.23 bp	12.1 bp −$12	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	2.1520	−0.545%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0372%	1h	2.1600	−0.176%	$86	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0249%	8h	2.1608	−0.137%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1591	−0.216%	$5	—	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0213%	1h	2.1604	−0.157%	$407K	$72K	10x	as long as short
Bybit TRUMPUSDT	−0.0176%	4h	2.1620	−0.083%	$30.7M	$50.5M	50x	as long as short
Binance TRUMPUSDT	−0.0155%	4h	2.1625	−0.058%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0152%	1h	2.1634	−0.017%	$77K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0132%	4h	2.1630	−0.037%	$7.8M	$52.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.230%	$105K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0048%	1h	2.1621	−0.079%	$955K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0046%	4h	2.1631	−0.032%	$669K	$447K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	−0.055%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	0.0000%	4h	2.1590	−0.222%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1615	−0.106%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1561	−0.358%	$181K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0048%	1h	2.1582	−0.258%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0067%	4h	2.1610	−0.129%	$27.7M	$179.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0088%	4h	2.1600	−0.176%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1642	+0.018%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1635	−0.016%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1636	−0.009%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1630	−0.037%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1630	−0.037%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1630	−0.037%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1620	−0.083%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	−0.129%	$492K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1610	−0.131%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1630	−0.039%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0192%	1h	2.1638	long leg	$384K	$402K	10x
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1750	+0.518%	$284K	$278K	50x	as long as short