Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.095%

Price spread now: Reya against Binance−0.106%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 −$2 a day on $10k at the current rate, and Reya is 0.106% cheaper against Binance than usual: you would sell low and buy high (−$11 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	Binance TRUMPUSDT	2.1500	−0.0194	get 0.0097% / 4h	5m 50s	$60.8M	$249.4M	75x
Short	Reya TRUMPRUSDPERP	2.1477	−0.0245	pay 0.0031% / 1h	5m 50s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.106%Rate

Funding earned: −$10.67
Price spread: −0.106% → 0.000%: −$10.65
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$37.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 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 Binance live order book, 8 min ago	2.33 bp	7.3 bp −$7	14.4 bp −$144	41.6 bp −$4,163	322.9 bp −$161.4K
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	−0.1797%	1h	2.1410	−0.419%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0374%	1h	2.1485	−0.070%	$76	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	−0.083%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1477	−0.106%	$5	—	10x
Deribit TRUMP_USDC-PERPETUAL	−0.0215%	1h	2.1501	+0.005%	$405K	$65K	10x	as long as short
Bybit TRUMPUSDT	−0.0202%	4h	2.1490	−0.047%	$30.5M	$52.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0195%	4h	2.1490	−0.047%	$26.8M	$183.9M	50x	as long as short
Binance TRUMPUSDTlong	−0.0194%	4h	2.1500	long leg	$60.8M	$249.4M	75x
Extended TRUMP-USD	−0.0192%	1h	2.1490	−0.047%	$74K	$496K	25x	as long as short
Lighter TRUMP	−0.0184%	1h	2.1484	−0.074%	$939K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0111%	8h	2.1513	+0.059%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0102%	4h	2.1510	+0.047%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1479	−0.096%	$105K	$252K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0074%	4h	2.1500	0.000%	$5K	$282K	10x	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1531	+0.144%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1512	+0.056%	$41K	—	150x	as long as short
KuCoin TRUMPUSDTM	+0.0016%	4h	2.1490	−0.047%	$4.1M	$10.8M	50x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1473	−0.126%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0051%	4h	2.1510	+0.047%	$4.1M	$689K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1330	−0.791%	$167K	$479K	50x	as long as short
Bitget TRUMPUSDT	+0.0074%	4h	2.1500	0.000%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1521	+0.096%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1515	+0.072%	$404K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1531	+0.144%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1500	0.000%	$400K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1497	−0.015%	$179K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.047%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1500	0.000%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1501	+0.004%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0301%	1h	2.1517	+0.079%	$383K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1512	+0.054%	$1.3M	$2.3M	50x	as long as short