Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.100%

Price spread now: Reya against MEXC−0.085%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 −$10 a day on $10k at the current rate, and Reya is 0.085% cheaper against MEXC 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	MEXC TRUMP_USDC	2.1900	0.0100	pay 0.0050% / 4h	3h 37m	$411K	$149K	125x
Short	Reya TRUMPRUSDPERP	2.1881	−0.0245	pay 0.0031% / 1h	37m 17s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.085%Rate

Funding earned: −$72.41
Price spread: −0.085% → 0.000%: −$8.47
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$86.89
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 7 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 MEXC live order book, 7 min ago	2.29 bp	9.7 bp −$10	32.4 bp −$324	140.6 bp −$14.1K	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	2.1690	−0.959%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1881	−0.085%	$5	—	10x
SoDEX TRUMP-USD	−0.0182%	1h	2.1895	−0.023%	$93	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0101%	4h	2.1920	+0.091%	$31.1M	$50.1M	50x	as long as short
Extended TRUMP-USD	−0.0064%	1h	2.1891	−0.040%	$75K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0060%	4h	2.1910	+0.046%	$62.1M	$245.2M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.497%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0028%	4h	2.1794	−0.483%	$106K	$264K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	−0.063%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1905	+0.023%	$412K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1907	+0.032%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.091%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1880	−0.092%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	+0.0058%	4h	2.1890	−0.046%	$7.9M	$51.4M	75x	as long as short
Aevo TRUMP-PERP	+0.0064%	1h	2.1880	−0.089%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1897	−0.014%	$970K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1900	0.000%	$13.9M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1894	−0.028%	$429K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1887	−0.059%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1910	+0.046%	$28.0M	$180.3M	50x	as long as short
MEXC TRUMP_USDClong	+0.0100%	4h	2.1900	long leg	$411K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1910	+0.046%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1920	+0.091%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1796	−0.474%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1900	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1930	+0.137%	$499K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1925	+0.112%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1909	+0.039%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0180%	4h	2.1870	−0.137%	$4.2M	$683K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0373%	1h	2.1939	+0.178%	$344K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.274%	$282K	$278K	50x	as long as short