TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.065%

Price spread now: Deribit against Reya+0.109%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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.109% dearer against Reya than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1432	−0.0245	get 0.0031% / 1h	35m 07s	$5	—	10x
Short	Deribit TRUMP_USDC-PERPETUAL	2.1455	−0.0309	pay 0.0039% / 1h	35m 07s	$388K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$13.48
Price spread: +0.109% → 0.000%: $10.9
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$15.58
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 64 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 Deribit live order book, 64 min ago	8.85 bp	12.4 bp −$12	21.6 bp −$216	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	−0.1829%	1h	2.1350	−0.381%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0590%	1h	2.1445	+0.062%	$71	$6K	5x	as long as short
Bybit TRUMPUSDT	−0.0403%	4h	2.1450	+0.086%	$30.6M	$51.8M	50x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	−0.0309%	1h	2.1455	+0.109%	$388K	$81K	10x
Variational Omni TRUMP	−0.0300%	4h	2.1451	+0.093%	$662K	$415K	—	as long as short
Gate TRUMP_USDT	−0.0270%	4h	2.1450	+0.086%	$7.7M	$49.7M	75x	as long as short
Extended TRUMP-USD	−0.0256%	1h	2.1429	−0.010%	$74K	$494K	25x	as long as short
Binance TRUMPUSDT	−0.0253%	4h	2.1450	+0.086%	$60.9M	$247.5M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0245%	4h	2.1430	−0.008%	$26.9M	$182.3M	50x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1432	long leg	$5	—	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TRUMP	−0.0232%	1h	2.1436	+0.020%	$937K	$990K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0161%	8h	2.1449	+0.081%	$5K	$175	5x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1450	+0.086%	$156K	$482K	50x	as long as short
GRVT TRUMP_USDT_Perp	−0.0122%	4h	2.1439	+0.034%	$180K	$4.3M	10x	as long as short
edgeX TRUMPUSDC	−0.0120%	4h	2.1432	0.000%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0098%	4h	2.1450	+0.086%	$5K	$296K	10x	as long as short
KuCoin TRUMPUSDTM	−0.0048%	4h	2.1440	+0.039%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0024%	1h	2.1466	+0.162%	$27K	$805	5x	as long as short
BloFin TRUMP-USDT	−0.0013%	4h	2.1460	+0.132%	$4.2M	$686K	75x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.201%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1431	−0.003%	$19K	—	3x	as long as short
Bitget TRUMPUSDT	+0.0026%	4h	2.1450	+0.086%	$15.3M	$26.5M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1466	+0.160%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1467	+0.165%	$408K	$719K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1471	+0.184%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	+0.039%	$398K	$148K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.272%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1480	+0.226%	$499K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1472	+0.189%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1461	+0.136%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0294%	1h	2.1484	+0.244%	$383K	$422K	10x	as long as short