Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0345%/8h= +37.8% APRpaid last 24h +0.100%

Price spread now: MEXC against Reya+0.039%48s7-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 MEXC

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 MEXC 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). The two prices were read 48 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	2.1881	−0.0245	get 0.0031% / 1h	37m 39s	$5	—	10x
Short	MEXC TRUMP_USDC	2.1890	0.0100	get 0.0050% / 4h	3h 37m	$411K	$149K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice 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 MEXC: 0 bp × 2 orders: $0
Net: $70.32
Costs to cover: 0.060%
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 7 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 MEXC live order book, 7 min ago	2.29 bp	5.5 bp −$5	19.4 bp −$194	133.8 bp −$13.4K	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	−0.875%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1881	long leg	$5	—	10x
Bybit TRUMPUSDT	−0.0206%	4h	2.1880	−0.007%	$31.0M	$50.0M	50x	as long as short
SoDEX TRUMP-USD	−0.0189%	1h	2.1880	−0.007%	$93	$6K	5x	as long as short
Binance TRUMPUSDT	−0.0060%	4h	2.1880	−0.007%	$62.0M	$244.6M	75x	as long as short
Extended TRUMP-USD	−0.0056%	1h	2.1879	−0.012%	$75K	$721K	25x	as long as short
Variational Omni TRUMP	−0.0032%	4h	2.1791	−0.413%	$676K	$513K	—	as long as short
edgeX TRUMPUSDC	−0.0023%	4h	2.1771	−0.506%	$106K	$263K	20x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1886	+0.022%	$27K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1898	+0.076%	$412K	$72K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1900	+0.085%	$41K	—	150x	as long as short
Gate TRUMP_USDT	+0.0016%	4h	2.1880	−0.007%	$7.9M	$51.4M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0031%	4h	2.1880	−0.007%	$4K	$174K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0036%	8h	2.1880	−0.007%	$5K	$175	5x	as long as short
Aevo TRUMP-PERP	+0.0072%	1h	2.1875	−0.029%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1879	−0.011%	$969K	$969K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1911	+0.135%	$13.9M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1892	+0.050%	$429K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1887	+0.026%	$188K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1880	−0.007%	$28.0M	$179.9M	50x	as long as short
MEXC TRUMP_USDCshort	+0.0100%	4h	2.1890	+0.039%	$411K	$149K	125x
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1880	−0.007%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1900	+0.085%	$15.9M	$25.8M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1811	−0.323%	$179K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1910	+0.130%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1910	+0.130%	$498K	$2.3M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0171%	1h	2.1912	+0.139%	$1.3M	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1899	+0.079%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0181%	4h	2.1800	−0.372%	$4.2M	$681K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0365%	1h	2.1922	+0.185%	$345K	$375K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1840	−0.189%	$282K	$278K	50x	as long as short