TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.159%

Price spread now: Reya against Backpack−0.230%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Reya is 0.230% cheaper against Backpack than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TRUMP_USDC_PERP	2.1561	0.0100	pay 0.0013% / 1h	13m 49s	$338K	$361K	10x
Short	Reya TRUMPRUSDPERP	2.1512	−0.0245	pay 0.0031% / 1h	13m 49s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.230%Rate

Funding earned: −$72.42
Price spread: −0.230% → 0.000%: −$22.95
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$111.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 45 min ago; Reya: 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 Backpack live order book, 45 min ago	0.23 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.1690%	1h	2.1430	−0.608%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1512	−0.230%	$5	—	10x
SoDEX TRUMP-USD	−0.0110%	1h	2.1525	−0.167%	$94	$6K	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0075%	1h	2.1530	−0.144%	$405K	$72K	10x	as long as short
Gate TRUMP_USDT	−0.0048%	4h	2.1530	−0.144%	$7.6M	$51.1M	75x	as long as short
Lighter TRUMP	−0.0032%	1h	2.1558	−0.014%	$954K	$957K	10x	as long as short
Variational Omni TRUMP	−0.0026%	4h	2.1531	−0.138%	$665K	$488K	—	as long as short
Extended TRUMP-USD	−0.0016%	1h	2.1529	−0.148%	$74K	$721K	25x	as long as short
Binance TRUMPUSDT	−0.0013%	4h	2.1540	−0.097%	$60.5M	$241.8M	75x	as long as short
edgeX TRUMPUSDC	−0.0005%	4h	2.1543	−0.085%	$105K	$265K	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	−0.0002%	1h	2.1536	−0.115%	$27K	$512	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1524	−0.170%	$41K	—	150x	as long as short
Paradex TRUMP-USD-PERP	+0.0034%	8h	2.1518	−0.201%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0044%	4h	2.1520	−0.190%	$4K	$203K	10x	as long as short
Aevo TRUMP-PERP	+0.0080%	1h	2.1517	−0.205%	$19K	—	3x	as long as short
Bybit TRUMPUSDT	+0.0093%	4h	2.1550	−0.051%	$30.5M	$49.6M	50x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1586	+0.116%	$14.5M	$7.5M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1547	−0.064%	$422K	$829K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1539	−0.103%	$185K	$53K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1550	−0.051%	$27.2M	$173.6M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1530	−0.144%	$405K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1540	−0.097%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1560	−0.005%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERPlong	+0.0100%	1h	2.1561	long leg	$338K	$361K	10x
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1561	+0.001%	$184K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1540	−0.097%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1540	−0.097%	$503K	$2.2M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1520	−0.189%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0220%	1h	2.1556	−0.024%	$1.3M	$2.2M	50x	as long as short
BloFin TRUMP-USDT	+0.0228%	4h	2.1520	−0.190%	$4.2M	$682K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1550	−0.051%	$279K	$277K	50x	as long as short