Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0129%/8h= −14.2% APRpaid last 24h −0.103%

Price spread now: Reya against Bybit+0.087%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread pays, funding is against you. Reya is 0.087% dearer against Bybit than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TRUMPUSDT	2.1610	−0.0116	get 0.0058% / 4h	3h 04m	$30.8M	$50.6M	50x
Short	Reya TRUMPRUSDPERP	2.1629	−0.0245	pay 0.0031% / 1h	4m 12s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +0.087%Rate

Funding earned: −$27.15
Price spread: +0.087% → 0.000%: $8.66
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$35.49
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	2.32 bp	7.8 bp −$8	15.8 bp −$158	112.2 bp −$11.2K	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	2.1490	−0.555%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0383%	1h	2.1605	−0.023%	$87	$6K	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1629	+0.087%	$5	—	10x
Paradex TRUMP-USD-PERP	−0.0238%	8h	2.1616	+0.028%	$5K	$175	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1617	+0.032%	$407K	$72K	10x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1599	−0.049%	$77K	$718K	25x	as long as short
Binance TRUMPUSDT	−0.0159%	4h	2.1610	0.000%	$61.1M	$246.3M	75x	as long as short
Bybit TRUMPUSDTlong	−0.0116%	4h	2.1610	long leg	$30.8M	$50.6M	50x
Gate TRUMP_USDT	−0.0104%	4h	2.1620	+0.046%	$7.9M	$52.5M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.100%	$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	−0.0064%	1h	2.1600	−0.046%	$954K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0058%	4h	2.1621	+0.052%	$668K	$437K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.075%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0003%	4h	2.1610	0.000%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1625	+0.069%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0012%	4h	2.1626	+0.075%	$180K	$4.7M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1595	−0.069%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0061%	4h	2.1610	0.000%	$27.7M	$179.5M	50x	as long as short
BloFin TRUMP-USDT	+0.0085%	4h	2.1610	0.000%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1639	+0.134%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1620	+0.049%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1627	+0.079%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1610	0.000%	$402K	$152K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	0.000%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1620	+0.046%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1650	+0.185%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1640	+0.139%	$493K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1620	+0.048%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1635	+0.116%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0199%	1h	2.1641	+0.143%	$383K	$403K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1650	+0.185%	$298K	$301K	50x	as long as short