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: KuCoin against Reya−0.101%124s7-day average — · you buy dearer than you sell

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

Long on Reya Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.101% cheaper against Reya than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$10 a day). The two prices were read 124 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	2.1492	−0.0245	get 0.0031% / 1h	24m 15s	$5	—	10x
Short	KuCoin TRUMPUSDTM	2.1470	0.0100	get 0.0050% / 4h	1h 24m	$4.2M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.101%Rate

Funding earned: $72.41
Price spread: −0.101% → 0.000%: −$10.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $44.35
Costs to cover: 0.180%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	2.34 bp	18.8 bp −$19	65.8 bp −$658	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	−0.1927%	1h	2.1380	−0.519%	$12K	$157K	12x	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1492	long leg	$5	—	10x
Extended TRUMP-USD	−0.0192%	1h	2.1480	−0.055%	$74K	$544K	25x	as long as short
Binance TRUMPUSDT	−0.0189%	4h	2.1483	−0.042%	$60.6M	$252.0M	75x	as long as short
Variational Omni TRUMP	−0.0135%	4h	2.1481	−0.048%	$663K	$424K	—	as long as short
edgeX TRUMPUSDC	−0.0098%	4h	2.1423	−0.319%	$105K	$264K	20x	as long as short
Kraken Futures PF_TRUMPUSD	−0.0098%	1h	2.1512	+0.097%	$1.3M	$2.3M	50x	as long as short
OKX TRUMP-USDT-SWAP	−0.0095%	4h	2.1480	−0.054%	$26.6M	$185.3M	50x	as long as short
Gate TRUMP_USDT	−0.0068%	4h	2.1490	−0.008%	$7.7M	$53.7M	75x	as long as short
Bybit TRUMPUSDT	−0.0063%	4h	2.1490	−0.008%	$30.5M	$52.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TRUMP_USDC	−0.0059%	4h	2.1490	−0.008%	$5K	$248K	10x	as long as short
Paradex TRUMP-USD-PERP	−0.0044%	8h	2.1459	−0.150%	$5K	$175	5x	as long as short
dYdX TRUMP-USD	0.0000%	1h	2.1476	−0.074%	$27K	$501	5x	as long as short
Deribit TRUMP_USDC-PERPETUAL	0.0000%	1h	2.1494	+0.011%	$405K	$81K	10x	as long as short
SoDEX TRUMP-USD	+0.0007%	1h	2.1485	−0.031%	$82	$6K	5x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1505	+0.062%	$41K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1469	−0.107%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0047%	4h	2.1510	+0.086%	$4.1M	$686K	75x	as long as short
Lighter TRUMP	+0.0096%	1h	2.1474	−0.082%	$949K	$1.0M	10x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1474	−0.082%	$13.5M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1486	−0.027%	$403K	$778K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1480	−0.053%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	−0.147%	$399K	$149K	125x	as long as short
KuCoin TRUMPUSDTMshort	+0.0100%	4h	2.1470	−0.101%	$4.2M	$11.1M	50x
Bitget TRUMPUSDT	+0.0100%	4h	2.1490	−0.008%	$15.3M	$27.2M	75x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1390	−0.473%	$175K	$4.6M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1510	+0.086%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1490	−0.008%	$483K	$2.4M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0137% / S −0.0099%	1h	2.1490	−0.007%	$9K	—	100x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0192%	1h	2.1500	+0.039%	$202K	$426K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0401%	1h	2.1510	+0.086%	$381K	$417K	10x	as long as short