Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.103%

Price spread now: Reya against HTX−0.179%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.179% cheaper against HTX than usual: you would sell low and buy high (−$18 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	HTX TRUMP-USDT	2.1410	0.0100	pay 0.0050% / 4h	1h 40m	$482K	$2.4M	50x
Short	Reya TRUMPRUSDPERP	2.1372	−0.0245	pay 0.0031% / 1h	40m 15s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now −0.179%Rate

Funding earned: −$72.41
Price spread: −0.179% → 0.000%: −$17.92
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$108.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	7.00 bp	15.7 bp −$16	71.8 bp −$718	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	−0.1927%	1h	2.1280	−0.607%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1372	−0.179%	$5	—	10x
Extended TRUMP-USD	−0.0224%	1h	2.1360	−0.232%	$74K	$737K	25x	as long as short
Binance TRUMPUSDT	−0.0221%	4h	2.1370	−0.187%	$60.3M	$252.2M	75x	as long as short
Variational Omni TRUMP	−0.0152%	4h	2.1401	−0.041%	$661K	$424K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0124%	1h	2.1377	−0.154%	$403K	$81K	10x	as long as short
edgeX TRUMPUSDC	−0.0114%	4h	2.1397	−0.062%	$104K	$265K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0099%	1h	2.1401	−0.041%	$1.3M	$2.3M	50x	as long as short
Gate TRUMP_USDT	−0.0098%	4h	2.1380	−0.140%	$7.7M	$53.6M	75x	as long as short
OKX TRUMP-USDT-SWAP	−0.0095%	4h	2.1360	−0.234%	$26.4M	$184.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0075%	8h	2.1395	−0.070%	$5K	$175	5x	as long as short
Bybit TRUMPUSDT	−0.0064%	4h	2.1370	−0.187%	$30.4M	$52.5M	50x	as long as short
Orderly PERP_TRUMP_USDC	−0.0060%	4h	2.1370	−0.187%	$5K	$239K	10x	as long as short
SoDEX TRUMP-USD	−0.0060%	1h	2.1365	−0.210%	$80	$6K	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1415	+0.023%	$27K	$501	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1396	−0.067%	$40K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0018%	4h	2.1420	+0.047%	$4.1M	$686K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1365	−0.210%	$19K	—	3x	as long as short
Lighter TRUMP	+0.0072%	1h	2.1365	−0.210%	$944K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1394	−0.075%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1394	−0.075%	$402K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1404	−0.028%	$184K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1370	−0.187%	$397K	$149K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1400	−0.047%	$4.1M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1390	−0.093%	$15.2M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1396	−0.065%	$177K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1410	0.000%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDTlong	+0.0100%	4h	2.1410	long leg	$482K	$2.4M	50x
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1390	−0.095%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1440	+0.140%	$205K	$421K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0335%	1h	2.1436	+0.121%	$379K	$414K	10x	as long as short