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 −0.103%

Price spread now: Reya against Bitget−0.051%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.051% cheaper against Bitget than usual: you would sell low and buy high (−$5 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	Bitget TRUMPUSDT	2.1650	0.0100	pay 0.0050% / 4h	3h 15m	$15.7M	$26.1M	75x
Short	Reya TRUMPRUSDPERP	2.1639	−0.0245	pay 0.0031% / 1h	15m 56s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.051%Rate

Funding earned: −$72.41
Price spread: −0.051% → 0.000%: −$5.09
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$95.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.31 bp	10.7 bp −$11	15.4 bp −$154	47.3 bp −$4,732	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	−0.1765%	1h	2.1550	−0.462%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0350%	1h	2.1655	+0.023%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0318%	1h	2.1648	−0.009%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0272%	8h	2.1664	+0.065%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1639	−0.051%	$5	—	10x
Gate TRUMP_USDT	−0.0160%	4h	2.1660	+0.046%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0116%	4h	2.1650	0.000%	$61.2M	$246.4M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1629	−0.098%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0082%	4h	2.1650	0.000%	$30.7M	$50.4M	50x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	+0.079%	$106K	$264K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni TRUMP	−0.0041%	4h	2.1651	+0.006%	$669K	$488K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1686	+0.165%	$27K	$512	5x	as long as short
Lighter TRUMP	+0.0008%	1h	2.1644	−0.028%	$956K	$976K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1671	+0.098%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1660	+0.046%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	+0.046%	$177K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1638	−0.054%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1673	+0.106%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1673	+0.106%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1679	+0.134%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1650	0.000%	$27.7M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1670	+0.092%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1660	+0.046%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTlong	+0.0100%	4h	2.1650	long leg	$15.7M	$26.1M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1680	+0.139%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1700	+0.231%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0125%	4h	2.1710	+0.277%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1675	+0.116%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1677	+0.126%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0194%	1h	2.1685	+0.162%	$384K	$399K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	+0.092%	$280K	$277K	50x	as long as short