Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0259%/8h= +28.3% APRpaid last 24h +0.148%

Price spread now: BloFin against Reya+0.292%46s7-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 BloFin

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 airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.292% dearer against Reya than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1647	−0.0245	get 0.0031% / 1h	19m 50s	$5	—	10x
Short	BloFin TRUMP-USDT	2.1710	0.0014	get 0.0007% / 4h	3h 19m	$4.3M	$693K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.292%Rate

Funding earned: $54.32
Price spread: +0.292% → 0.000%: $29.17
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $65.48
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	6.93 bp	12.9 bp −$13	13.9 bp −$139	47.3 bp −$4,730	126.7 bp −$63.4K

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	−0.1829%	1h	2.1350	−1.371%	$12K	$157K	12x	as long as short
Variational Omni TRUMP	−0.0317%	4h	2.1682	+0.162%	$673K	$419K	—	as long as short
Bybit TRUMPUSDT	−0.0303%	4h	2.1660	+0.061%	$31.2M	$51.5M	50x	as long as short
SoDEX TRUMP-USD	−0.0259%	1h	2.1665	+0.084%	$70	$6K	5x	as long as short
OKX TRUMP-USDT-SWAP	−0.0248%	4h	2.1650	+0.014%	$27.1M	$182.9M	50x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1647	long leg	$5	—	10x
Binance TRUMPUSDT	−0.0225%	4h	2.1661	+0.066%	$63.3M	$247.1M	75x	as long as short
Extended TRUMP-USD	−0.0224%	1h	2.1655	+0.037%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0200%	1h	2.1656	+0.042%	$947K	$993K	10x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0165%	1h	2.1673	+0.121%	$392K	$76K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1640	−0.032%	$144K	$513K	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0130%	8h	2.1671	+0.110%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0117%	4h	2.1605	−0.193%	$105K	$253K	20x	as long as short
Gate TRUMP_USDT	−0.0100%	4h	2.1670	+0.107%	$7.8M	$50.5M	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0088%	4h	2.1670	+0.107%	$5K	$304K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0040%	4h	2.1680	+0.153%	$4.2M	$10.6M	50x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1672	+0.116%	$26K	$2K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1675	+0.130%	$41K	—	150x	as long as short
Bitget TRUMPUSDT	+0.0012%	4h	2.1660	+0.061%	$15.4M	$26.3M	75x	as long as short
BloFin TRUMP-USDTshort	+0.0014%	4h	2.1710	+0.292%	$4.3M	$693K	75x
Aevo TRUMP-PERP	+0.0024%	1h	2.1652	+0.025%	$19K	—	3x	as long as short
MEXC TRUMP_USDC	+0.0074%	4h	2.1660	+0.061%	$403K	$150K	125x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1686	+0.181%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1671	+0.111%	$412K	$679K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1678	+0.144%	$186K	$54K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1650	+0.014%	$178K	$4.2M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1700	+0.245%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1670	+0.107%	$501K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0120%	1h	2.1693	+0.211%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0170% / S −0.0143%	1h	2.1669	+0.102%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0379%	1h	2.1691	+0.204%	$384K	$420K	10x	as long as short