Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0118%/8h= +12.9% APRpaid last 24h +0.100%

Price spread now: Paradex against Reya+0.082%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Paradex is 0.082% dearer against Reya than usual: you sell high and buy low: +$8 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	2.1432	−0.0245	get 0.0031% / 1h	3m 10s	$5	—	10x
Short	Paradex TRUMP-USD-PERP	2.1450	−0.0127	pay 0.0127% / 8h	3m 10s	$5K	$175	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.082%Rate

Funding earned: $24.76
Price spread: +0.082% → 0.000%: $8.23
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $23
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Reya: no order-book sample; Paradex: 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 Reya no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	−0.1797%	1h	2.1350	−0.383%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0403%	1h	2.1455	+0.107%	$74	$6K	5x	as long as short
Variational Omni TRUMP	−0.0258%	4h	2.1482	+0.233%	$663K	$421K	—	as long as short
Reya TRUMPRUSDPERPlong	−0.0245%	1h	2.1432	long leg	$5	—	10x
Bybit TRUMPUSDT	−0.0225%	4h	2.1480	+0.223%	$30.5M	$52.2M	50x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0216%	1h	2.1466	+0.158%	$404K	$65K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0206%	4h	2.1460	+0.130%	$26.8M	$183.6M	50x	as long as short
Binance TRUMPUSDT	−0.0200%	4h	2.1480	+0.223%	$60.7M	$249.1M	75x	as long as short
Extended TRUMP-USD	−0.0200%	1h	2.1450	+0.083%	$74K	$492K	25x	as long as short
Lighter TRUMP	−0.0192%	1h	2.1447	+0.069%	$937K	$1.0M	10x	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-PERPshort	−0.0127%	8h	2.1450	+0.082%	$5K	$175	5x
Gate TRUMP_USDT	−0.0106%	4h	2.1480	+0.223%	$7.7M	$53.4M	75x	as long as short
edgeX TRUMPUSDC	−0.0094%	4h	2.1498	+0.308%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0078%	4h	2.1450	+0.083%	$5K	$284K	10x	as long as short
dYdX TRUMP-USD	−0.0014%	1h	2.1487	+0.256%	$27K	$501	5x	as long as short
KuCoin TRUMPUSDTM	−0.0002%	4h	2.1450	+0.083%	$4.1M	$10.8M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1466	+0.157%	$40K	—	150x	as long as short
Aevo TRUMP-PERP	+0.0032%	1h	2.1440	+0.035%	$19K	—	3x	as long as short
BloFin TRUMP-USDT	+0.0040%	4h	2.1480	+0.223%	$4.1M	$688K	75x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0056%	1h	2.1420	−0.057%	$167K	$480K	50x	as long as short
Bitget TRUMPUSDT	+0.0064%	4h	2.1470	+0.177%	$15.4M	$27.0M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1496	+0.298%	$13.6M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1497	+0.301%	$403K	$776K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1470	+0.177%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1460	+0.130%	$399K	$149K	125x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1502	+0.325%	$175K	$4.4M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.177%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1460	+0.130%	$493K	$2.5M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1470	+0.178%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0290%	1h	2.1502	+0.326%	$382K	$418K	10x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0598%	1h	2.1486	+0.249%	$1.3M	$2.3M	50x	as long as short