Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h +0.084%

Price spread now: edgeX against Reya+0.214%65s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.214% dearer against Reya than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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	2.1452	−0.0245	get 0.0031% / 1h	3m 37s	$5	—	10x
Short	edgeX TRUMPUSDC	2.1498	−0.0094	pay 0.0047% / 4h	3m 37s	$105K	$253K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.214%Rate

Funding earned: $31.57
Price spread: +0.214% → 0.000%: $21.45
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $38.02
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; edgeX: live order book, 34 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 edgeX live order book, 34 min ago	9.34 bp	16.3 bp −$16	83.1 bp −$831	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	−0.1797%	1h	2.1380	−0.336%	$12K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0402%	1h	2.1465	+0.060%	$404K	$65K	10x	as long as short
SoDEX TRUMP-USD	−0.0394%	1h	2.1455	+0.013%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	+0.140%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1452	long leg	$5	—	10x
Bybit TRUMPUSDT	−0.0216%	4h	2.1450	−0.010%	$30.4M	$52.2M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0206%	4h	2.1450	−0.010%	$26.8M	$183.5M	50x	as long as short
Binance TRUMPUSDT	−0.0200%	4h	2.1450	−0.010%	$60.6M	$249.0M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1440	−0.057%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1448	−0.019%	$938K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0127%	8h	2.1450	−0.011%	$5K	$175	5x	as long as short
Gate TRUMP_USDT	−0.0106%	4h	2.1460	+0.037%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDCshort	−0.0094%	4h	2.1498	+0.214%	$105K	$253K	20x
Orderly PERP_TRUMP_USDC	−0.0076%	4h	2.1460	+0.037%	$5K	$283K	10x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1487	+0.163%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	+0.0004%	4h	2.1460	+0.037%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1475	+0.108%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	−0.056%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0042%	4h	2.1490	+0.177%	$4.2M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1500	+0.223%	$168K	$482K	50x	as long as short
Bitget TRUMPUSDT	+0.0064%	4h	2.1440	−0.056%	$15.3M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1482	+0.142%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1474	+0.104%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1470	+0.083%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	+0.037%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	+0.232%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1490	+0.177%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1470	+0.083%	$494K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	+0.084%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0295%	1h	2.1491	+0.181%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1490	+0.176%	$1.3M	$2.3M	50x	as long as short