Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.103%

Price spread now: HTX against Reya+0.039%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 HTX

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and HTX is 0.039% dearer against Reya than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1392	−0.0245	get 0.0031% / 1h	38m 10s	$5	—	10x
Short	HTX TRUMP-USDT	2.1400	0.0100	get 0.0050% / 4h	1h 38m	$482K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $72.41
Price spread: +0.039% → 0.000%: $3.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $58.32
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	7.01 bp	15.9 bp −$16	39.4 bp −$394	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	−0.1927%	1h	2.1280	−0.522%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1392	long leg	$5	—	10x
Binance TRUMPUSDT	−0.0219%	4h	2.1404	+0.058%	$60.4M	$251.9M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1400	+0.038%	$74K	$737K	25x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	+0.045%	$661K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0112%	4h	2.1405	+0.065%	$104K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1432	+0.190%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0096%	4h	2.1390	−0.008%	$7.7M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0094%	4h	2.1400	+0.039%	$26.5M	$184.6M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0077%	1h	2.1410	+0.086%	$403K	$81K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TRUMPUSDT	−0.0073%	4h	2.1400	+0.039%	$30.4M	$52.5M	50x	as long as short
Paradex TRUMP-USD-PERP	−0.0073%	8h	2.1388	−0.015%	$5K	$175	5x	as long as short
SoDEX TRUMP-USD	−0.0072%	1h	2.1405	+0.062%	$80	$6K	5x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1390	−0.008%	$5K	$242K	10x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1408	+0.076%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1406	+0.067%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0020%	4h	2.1390	−0.008%	$4.1M	$685K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1393	+0.007%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1394	+0.011%	$945K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1397	+0.025%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1409	+0.079%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1398	+0.030%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1380	−0.054%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1390	−0.008%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1400	+0.039%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1400	+0.039%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	+0.086%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTshort	+0.0100%	4h	2.1400	+0.039%	$482K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1418	+0.123%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1390	−0.008%	$204K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0319%	1h	2.1430	+0.179%	$379K	$415K	10x	as long as short