TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0341%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.082%

Price spread now: Lighter against Reya−0.034%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.034% cheaper against Reya than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1791	−0.0245	get 0.0031% / 1h	39m 10s	$5	—	10x
Short	Lighter TRUMP	2.1784	0.0096	get 0.0012% / 1h	39m 10s	$965K	$968K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.034%Rate

Funding earned: $71.57
Price spread: −0.034% → 0.000%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $62.15
Costs to cover: 0.060%
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 11 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 Lighter live order book, 11 min ago	0.92 bp	10.7 bp −$11	36.2 bp −$362	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	−0.1765%	1h	2.1690	−0.466%	$13K	$157K	12x	as long as short
Bybit TRUMPUSDT	−0.0324%	4h	2.1790	−0.007%	$30.8M	$50.0M	50x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1791	long leg	$5	—	10x
SoDEX TRUMP-USD	−0.0215%	1h	2.1785	−0.030%	$93	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0163%	1h	2.1790	−0.007%	$410K	$72K	10x	as long as short
Binance TRUMPUSDT	−0.0059%	4h	2.1780	−0.053%	$61.6M	$244.7M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1774	−0.081%	$75K	$721K	25x	as long as short
Gate TRUMP_USDT	−0.0034%	4h	2.1790	−0.007%	$7.8M	$51.3M	75x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.001%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.095%	$106K	$263K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TRUMP-USD	0.0000%	1h	2.1826	+0.159%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1794	+0.011%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0032%	4h	2.1800	+0.039%	$4K	$172K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0035%	8h	2.1803	+0.053%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1770	−0.098%	$19K	—	3x	as long as short
Lighter TRUMPshort	+0.0096%	1h	2.1784	−0.034%	$965K	$968K	10x
Hyperliquid TRUMP	+0.0100%	1h	2.1798	+0.030%	$13.8M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1807	+0.073%	$427K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1804	+0.059%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1780	−0.053%	$27.8M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1790	−0.007%	$409K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1800	+0.039%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1790	−0.007%	$15.8M	$25.9M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	+0.089%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1810	+0.085%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1810	+0.085%	$496K	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1796	+0.019%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0172%	1h	2.1814	+0.105%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0181%	4h	2.1800	+0.039%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0360%	1h	2.1815	+0.108%	$343K	$376K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	+0.223%	$282K	$279K	50x	as long as short