Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0327%/8h= +35.8% APRpaid last 24h +0.100%

Price spread now: Paradex against Reya−0.035%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.035% cheaper against Reya than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 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	2.2052	−0.0245	get 0.0031% / 1h	0m 04s	$5	—	10x
Short	Paradex TRUMP-USD-PERP	2.2044	0.0082	get 0.0082% / 8h	7h 00m	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.035%Rate

Funding earned: $68.72
Price spread: −0.035% → 0.000%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $55.17
Costs to cover: 0.100%
Break-even: 1.4 days

Slippage unknown: Reya: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	2.2020	−0.143%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.2052	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.2061	+0.043%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.2053	+0.007%	$414K	$78K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2065	+0.061%	$44K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2199	+0.670%	$108K	$263K	20x	as long as short
Paradex TRUMP-USD-PERPshort	+0.0082%	8h	2.2044	−0.035%	$5K	$175	5x
Orderly PERP_TRUMP_USDC	+0.0092%	4h	2.2040	−0.052%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2043	−0.039%	$978K	$784K	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.2093	+0.188%	$14.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRUMPUSDT	+0.0100%	4h	2.2050	−0.007%	$460K	$860K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2065	+0.060%	$191K	$55K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2091	+0.181%	$63.8M	$230.7M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2080	+0.129%	$31.3M	$46.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2080	+0.129%	$28.7M	$164.0M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.2050	−0.007%	$7.8M	$49.5M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2060	+0.038%	$476K	$135K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2060	+0.038%	$4.1M	$10.8M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2090	+0.174%	$16.0M	$23.1M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2051	−0.002%	$702K	$441K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2373	+1.458%	$184K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2070	+0.084%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2055	+0.016%	$82	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2100	+0.220%	$573K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2080	+0.127%	$79K	$595K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2056	+0.022%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2070	+0.082%	$10K	—	100x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2070	+0.084%	$4.3M	$671K	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0428%	1h	2.2091	+0.179%	$262K	$308K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0624%	1h	2.2230	+0.809%	$292K	$286K	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0780%	1h	2.2086	+0.155%	$1.3M	$2.6M	50x	as long as short