Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.101%

Price spread now: Gate against Reya−0.007%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 Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.2172	−0.0245	get 0.0031% / 1h	23m 49s	$5	—	10x
Short	Gate TRUMP_USDT	2.2170	0.0100	get 0.0050% / 4h	3h 23m	$7.7M	$47.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $72.42
Price spread: −0.007% → 0.000%: −$0.73
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $50.69
Costs to cover: 0.210%
Break-even: 2.1 days

Slippage unknown: Reya: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	2.27 bp	15.2 bp −$15	33.3 bp −$333	69.9 bp −$6,990	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	−0.1608%	1h	2.1910	−1.180%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.2172	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.2176	+0.022%	$28K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2186	+0.065%	$416K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2185	+0.062%	$42K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2029	−0.644%	$120K	$249K	20x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2174	+0.011%	$985K	$777K	10x	as long as short
Orderly PERP_TRUMP_USDC	+0.0097%	4h	2.2180	+0.038%	$3K	$249K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.2173	+0.008%	$5K	$175	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2190	+0.081%	$462K	$836K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.2172	+0.004%	$191K	$53K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2180	+0.038%	$63.4M	$222.2M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2180	+0.038%	$31.1M	$44.6M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2190	+0.083%	$27.5M	$155.4M	50x	as long as short
Gate TRUMP_USDTshort	+0.0100%	4h	2.2170	−0.007%	$7.7M	$47.4M	75x
MEXC TRUMP_USDC	+0.0100%	4h	2.2170	−0.007%	$480K	$133K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2180	+0.038%	$4.4M	$10.5M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2190	+0.083%	$16.2M	$22.0M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2101	−0.317%	$707K	$435K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2052	−0.538%	$184K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2200	+0.128%	$2K	$1.5M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2175	+0.015%	$77	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2230	+0.263%	$562K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2160	−0.052%	$79K	$601K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2170	−0.007%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0162%	1h	2.2215	+0.196%	$14.4M	$6.5M	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.2188	+0.075%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2170	−0.007%	$4.2M	$632K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0472%	1h	2.2205	+0.151%	$282K	$289K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.1790	−1.721%	$283K	$271K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0776%	1h	2.2199	+0.125%	$1.3M	$2.5M	50x	as long as short