Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.101%

Price spread now: Reya against Binance+0.004%7-day average — · you sell dearer than you buy

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

Long on Binance 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TRUMPUSDT	2.1821	0.0100	pay 0.0050% / 4h	14m 04s	$62.7M	$226.5M	75x
Short	Reya TRUMPRUSDPERP	2.1822	−0.0245	pay 0.0031% / 1h	14m 04s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now +0.004%Rate

Funding earned: −$72.42
Price spread: +0.004% → 0.000%: $0.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$87.98
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	2.29 bp	7.3 bp −$7	12.3 bp −$123	35.5 bp −$3,550	230.2 bp −$115.1K
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	−0.1537%	1h	2.1770	−0.234%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1822	+0.004%	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.1856	+0.162%	$27K	$485	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1835	+0.064%	$409K	$77K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1841	+0.092%	$41K	—	150x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.1865	+0.202%	$119K	$250K	20x	as long as short
Orderly PERP_TRUMP_USDC	+0.0095%	4h	2.1840	+0.087%	$3K	$249K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1829	+0.037%	$979K	$741K	10x	as long as short
Paradex TRUMP-USD-PERP	+0.0098%	8h	2.1843	+0.102%	$5K	—	5x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1840	+0.088%	$454K	$833K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica TRUMP	+0.0100%	1h	2.1858	+0.170%	$188K	$60K	10x	as long as short
Binance TRUMPUSDTlong	+0.0100%	4h	2.1821	long leg	$62.7M	$226.5M	75x
Bybit TRUMPUSDT	+0.0100%	4h	2.1830	+0.041%	$30.7M	$44.7M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1830	+0.041%	$27.1M	$152.9M	50x	as long as short
Gate TRUMP_USDT	+0.0100%	4h	2.1830	+0.041%	$7.4M	$48.7M	75x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1830	+0.041%	$473K	$134K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1850	+0.133%	$4.4M	$10.3M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1840	+0.087%	$15.5M	$21.8M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.1862	+0.187%	$638K	$377K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1885	+0.294%	$186K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1860	+0.179%	$1K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.1835	+0.064%	$74	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1870	+0.225%	$553K	$1.9M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.1831	+0.045%	$75K	$469K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.1824	+0.015%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1841	+0.092%	$10K	—	100x	as long as short
Hyperliquid TRUMP	+0.0253%	1h	2.1846	+0.117%	$14.1M	$7.6M	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.1880	+0.270%	$4.2M	$636K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0424%	1h	2.2060	+1.095%	$285K	$391K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0473%	1h	2.1848	+0.124%	$256K	$283K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0875%	1h	2.1851	+0.136%	$1.3M	$2.5M	50x	as long as short