TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0213%/8h= −23.3% APRnext payment −$0.27 per $10,000 · paid last 24h −0.074%

Price spread now: Reya against Lighter−0.077%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.077% cheaper against Lighter 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	Lighter TRUMP	2.1388	−0.0032	get 0.0004% / 1h	57m 25s	$935K	$1.0M	10x
Short	Reya TRUMPRUSDPERP	2.1371	−0.0245	pay 0.0031% / 1h	57m 25s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.077%Rate

Funding earned: −$44.69
Price spread: −0.077% → 0.000%: −$7.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$58.44
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 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 Lighter live order book, 3 min ago	1.63 bp	9.7 bp −$10	37.6 bp −$376	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	−0.1797%	1h	2.1310	−0.365%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1371	−0.077%	$5	—	10x
SoDEX TRUMP-USD	−0.0221%	1h	2.1415	+0.126%	$82	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0163%	4h	2.1390	+0.009%	$60.5M	$250.9M	75x	as long as short
Extended TRUMP-USD	−0.0160%	1h	2.1379	−0.042%	$74K	$522K	25x	as long as short
OKX TRUMP-USDT-SWAP	−0.0125%	4h	2.1370	−0.084%	$26.5M	$183.7M	50x	as long as short
Variational Omni TRUMP	−0.0118%	4h	2.1401	+0.062%	$661K	$423K	—	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1390	+0.009%	$7.6M	$53.0M	75x	as long as short
edgeX TRUMPUSDC	−0.0082%	4h	2.1403	+0.071%	$104K	$254K	20x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0077%	1h	2.1424	+0.168%	$403K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0065%	4h	2.1390	+0.009%	$30.4M	$52.6M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0050%	4h	2.1410	+0.103%	$5K	$261K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0039%	8h	2.1384	−0.018%	$5K	$175	5x	as long as short
Lighter TRUMPlong	−0.0032%	1h	2.1388	long leg	$935K	$1.0M	10x
dYdX TRUMP-USD	0.0000%	1h	2.1406	+0.085%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1404	+0.076%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1410	+0.103%	$19K	—	3x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1410	+0.103%	$175K	$454K	50x	as long as short
KuCoin TRUMPUSDTM	+0.0068%	4h	2.1390	+0.009%	$4.1M	$11.0M	50x	as long as short
BloFin TRUMP-USDT	+0.0077%	4h	2.1410	+0.103%	$4.1M	$700K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1405	+0.079%	$13.5M	$8.2M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1404	+0.074%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1410	+0.104%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1370	−0.084%	$397K	$146K	125x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1380	−0.037%	$15.2M	$27.0M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1414	+0.120%	$173K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.103%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1430	+0.196%	$481K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0098%	1h	2.1430	+0.194%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0165%	1h	2.1451	+0.295%	$380K	$416K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0599%	1h	2.1443	+0.258%	$1.3M	$2.3M	50x	as long as short