TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.072%

Price spread now: Deribit against Reya+0.063%49s7-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 Deribit

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 +$7 a day on $10k at the current rate, and Deribit is 0.063% dearer against Reya than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TRUMPRUSDPERP	2.2124	−0.0245	get 0.0031% / 1h	35m 23s	$5	—	10x
Short	Deribit TRUMP_USDC-PERPETUAL	2.2138	0	get 0.0000% / 1h	35m 23s	$417K	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.063%Rate

Funding earned: $51.42
Price spread: +0.063% → 0.000%: $6.27
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $44.69
Costs to cover: 0.130%
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 33 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 Deribit live order book, 33 min ago	8.90 bp	23.4 bp −$23	doesn't fit	doesn't fit	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	−0.1623%	1h	2.1900	−1.013%	$13K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.2124	long leg	$5	—	10x
dYdX TRUMP-USD	0.0000%	1h	2.2146	+0.098%	$28K	$512	5x	as long as short
Deribit TRUMP_USDC-PERPETUALshort	0.0000%	1h	2.2138	+0.063%	$417K	$80K	10x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.2145	+0.093%	$43K	—	150x	as long as short
Gate TRUMP_USDT	+0.0016%	4h	2.2140	+0.072%	$7.8M	$48.9M	75x	as long as short
edgeX TRUMPUSDC	+0.0050%	4h	2.2067	−0.259%	$107K	$262K	20x	as long as short
Paradex TRUMP-USD-PERP	+0.0077%	8h	2.2142	+0.082%	$5K	$175	5x	as long as short
Orderly PERP_TRUMP_USDC	+0.0087%	4h	2.2130	+0.027%	$3K	$244K	10x	as long as short
Lighter TRUMP	+0.0096%	1h	2.2129	+0.022%	$983K	$789K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRUMP	+0.0100%	1h	2.2161	+0.167%	$14.7M	$7.0M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.2152	+0.126%	$438K	$861K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.2143	+0.084%	$191K	$57K	10x	as long as short
Binance TRUMPUSDT	+0.0100%	4h	2.2136	+0.054%	$64.3M	$236.0M	75x	as long as short
Bybit TRUMPUSDT	+0.0100%	4h	2.2130	+0.027%	$31.7M	$48.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	+0.0100%	4h	2.2150	+0.117%	$29.0M	$171.1M	50x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.2140	+0.072%	$441K	$145K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.2140	+0.072%	$4.1M	$11.0M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.2150	+0.117%	$15.8M	$24.2M	75x	as long as short
Variational Omni TRUMP	+0.0100%	4h	2.2122	−0.012%	$697K	$448K	—	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.2076	−0.216%	$182K	$4.7M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.2170	+0.207%	$2K	$1.6M	50x	as long as short
SoDEX TRUMP-USD	+0.0100%	1h	2.2129	+0.022%	$80	$6K	5x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.2180	+0.253%	$553K	$2.0M	50x	as long as short
Extended TRUMP-USD	+0.0104%	1h	2.2139	+0.069%	$76K	$599K	25x	as long as short
Aevo TRUMP-PERP	+0.0104%	1h	2.2130	+0.027%	$19K	—	3x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0217% / S −0.0188%	1h	2.2138	+0.062%	$10K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0314%	1h	2.2149	+0.112%	$259K	$323K	10x	as long as short
BloFin TRUMP-USDT	+0.0340%	4h	2.2230	+0.479%	$4.4M	$697K	75x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0510%	1h	2.2148	+0.108%	$1.3M	$2.3M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0536%	1h	2.2120	−0.019%	$287K	$307K	50x	as long as short