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: Backpack against Reya+0.124%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

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 for this trade now. Funding pays +$13 a day on $10k at the current rate, and Backpack is 0.124% dearer against Reya than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1611	−0.0245	get 0.0031% / 1h	6m 22s	$5	—	10x
Short	Backpack TRUMP_USDC_PERP	2.1638	0.0192	get 0.0024% / 1h	6m 22s	$384K	$402K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.124%Rate

Funding earned: $91.83
Price spread: +0.124% → 0.000%: $12.44
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $88.27
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 47 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 47 min ago	0.23 bp	6.0 bp −$6	22.6 bp −$226	doesn't fit	doesn't fit

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	−0.422%	$13K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0374%	1h	2.1615	+0.018%	$84	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0249%	8h	2.1608	−0.013%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1611	long leg	$5	—	10x
Bybit TRUMPUSDT	−0.0171%	4h	2.1620	+0.041%	$30.7M	$50.5M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0166%	1h	2.1630	+0.087%	$407K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0155%	4h	2.1610	−0.005%	$61.1M	$246.3M	75x	as long as short
Extended TRUMP-USD	−0.0152%	1h	2.1614	+0.015%	$77K	$718K	25x	as long as short
Gate TRUMP_USDT	−0.0126%	4h	2.1630	+0.087%	$7.8M	$52.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0069%	4h	2.1588	−0.106%	$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	+0.046%	$955K	$977K	10x	as long as short
Variational Omni TRUMP	−0.0046%	4h	2.1631	+0.092%	$669K	$447K	—	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1626	+0.069%	$27K	$512	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0002%	4h	2.1610	−0.005%	$5K	$199K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1635	+0.111%	$41K	—	150x	as long as short
GRVT TRUMP_USDT_Perp	+0.0010%	4h	2.1561	−0.234%	$181K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0040%	1h	2.1598	−0.059%	$19K	—	3x	as long as short
OKX TRUMP-USDT-SWAP	+0.0066%	4h	2.1620	+0.041%	$27.7M	$179.4M	50x	as long as short
BloFin TRUMP-USDT	+0.0088%	4h	2.1600	−0.051%	$4.2M	$650K	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1629	+0.083%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1630	+0.086%	$407K	$827K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1636	+0.115%	$186K	$52K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1600	−0.051%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1610	−0.005%	$4.3M	$11.2M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1630	+0.087%	$15.6M	$26.1M	75x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1630	+0.087%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1610	−0.005%	$492K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1630	+0.085%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1648	+0.172%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERPshort	+0.0192%	1h	2.1638	+0.124%	$384K	$402K	10x
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1750	+0.643%	$284K	$278K	50x	as long as short