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: Bitget against Reya+0.051%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bitget

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.051% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.1639	−0.0245	get 0.0031% / 1h	16m 01s	$5	—	10x
Short	Bitget TRUMPUSDT	2.1650	0.0100	get 0.0050% / 4h	3h 16m	$15.7M	$26.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice 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 Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $59.5
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 3 min ago. 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 Bitget live order book, 3 min ago	2.31 bp	12.6 bp −$13	15.3 bp −$153	50.0 bp −$5,004	doesn't fit

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	−0.411%	$13K	$157K	12x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0350%	1h	2.1655	+0.074%	$408K	$72K	10x	as long as short
SoDEX TRUMP-USD	−0.0318%	1h	2.1648	+0.042%	$88	$6K	5x	as long as short
Paradex TRUMP-USD-PERP	−0.0272%	8h	2.1664	+0.116%	$5K	$175	5x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1639	long leg	$5	—	10x
Gate TRUMP_USDT	−0.0160%	4h	2.1660	+0.097%	$7.9M	$52.0M	75x	as long as short
Binance TRUMPUSDT	−0.0116%	4h	2.1650	+0.051%	$61.2M	$246.4M	75x	as long as short
Extended TRUMP-USD	−0.0112%	1h	2.1629	−0.047%	$74K	$714K	25x	as long as short
Bybit TRUMPUSDT	−0.0082%	4h	2.1650	+0.051%	$30.7M	$50.4M	50x	as long as short
edgeX TRUMPUSDC	−0.0049%	4h	2.1667	+0.130%	$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	+0.056%	$669K	$488K	—	as long as short
dYdX TRUMP-USD	−0.0007%	1h	2.1686	+0.216%	$27K	$512	5x	as long as short
Lighter TRUMP	+0.0008%	1h	2.1644	+0.023%	$956K	$976K	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1671	+0.149%	$41K	—	150x	as long as short
Orderly PERP_TRUMP_USDC	+0.0011%	4h	2.1660	+0.097%	$4K	$189K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0022%	4h	2.1660	+0.097%	$177K	$4.6M	10x	as long as short
Aevo TRUMP-PERP	+0.0056%	1h	2.1638	−0.003%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1673	+0.157%	$13.7M	$8.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1673	+0.157%	$408K	$834K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1679	+0.185%	$187K	$52K	10x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.1650	+0.051%	$27.7M	$179.0M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1670	+0.143%	$406K	$151K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1660	+0.097%	$4.2M	$11.1M	50x	as long as short
Bitget TRUMPUSDTshort	+0.0100%	4h	2.1650	+0.051%	$15.7M	$26.1M	75x
SunX TRUMP-USDT	+0.0100%	4h	2.1680	+0.190%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1700	+0.282%	$495K	$2.3M	50x	as long as short
BloFin TRUMP-USDT	+0.0125%	4h	2.1710	+0.328%	$4.2M	$664K	75x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0171% / S −0.0141%	1h	2.1675	+0.167%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0173%	1h	2.1677	+0.177%	$1.3M	$2.3M	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0194%	1h	2.1685	+0.213%	$384K	$399K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0400%	1h	2.1670	+0.143%	$280K	$277K	50x	as long as short