Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.101%

Price spread now: Binance against Reya−0.117%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Binance

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

Funding pays, the price is against you. Binance is 0.117% cheaper against Reya than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 27 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.2092	−0.0245	get 0.0031% / 1h	33m 50s	$5	—	10x
Short	Binance TRUMPUSDT	2.2066	0.0100	get 0.0050% / 4h	2h 33m	$64.1M	$236.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.117%Rate

Funding earned: $72.42
Price spread: −0.117% → 0.000%: −$11.69
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $44.73
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	2.25 bp	7.2 bp −$7	15.1 bp −$151	42.1 bp −$4,211	208.7 bp −$104.3K

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 30 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	−0.1623%	1h	2.2030	−0.279%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.2092	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.2120	+0.130%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2104	+0.056%	$416K	$80K	10x	as long as short
Gate TRUMP_USDT	+0.0008%	4h	2.2100	+0.038%	$7.8M	$48.9M	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2114	+0.103%	$43K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	−0.113%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2105	+0.061%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2090	−0.007%	$4K	$245K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2036	−0.252%	$979K	$789K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX TRUMP-USD	+0.0096%	1h	2.2100	+0.038%	$78	$6K	5x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2070	−0.098%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2126	+0.154%	$438K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2120	+0.128%	$191K	$57K	10x	as long as short
Binance TRUMPUSDTshort	+0.0100%	4h	2.2066	−0.117%	$64.1M	$236.1M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.2060	−0.143%	$31.6M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2050	−0.188%	$29.0M	$170.4M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2090	−0.007%	$440K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2110	+0.083%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2070	−0.098%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2122	+0.136%	$697K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	−0.070%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2120	+0.128%	$1K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2140	+0.219%	$553K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2079	−0.057%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2080	−0.053%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2107	+0.070%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0322%	1h	2.2138	+0.210%	$259K	$323K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2128	+0.165%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2190	+0.445%	$288K	$308K	50x	as long as short