Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0345%/8h= −37.8% APRpaid last 24h −0.103%

Price spread now: Reya against SunX−0.094%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Reya

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 · 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 0.094% cheaper against SunX than usual: you would sell low and buy high (−$9 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	SunX TRUMP-USDT	2.1390	0.0100	pay 0.0050% / 4h	1h 26m	$2K	$1.4M	50x
Short	Reya TRUMPRUSDPERP	2.1370	−0.0245	pay 0.0031% / 1h	26m 50s	$5	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.094%Rate

Funding earned: −$72.41
Price spread: −0.094% → 0.000%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$95.76
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 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 SunX live order book, 11 min ago	32.63 bp	65.8 bp −$66	doesn't fit	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 32 exchanges

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
SoDEX TRUMP-USD	−0.0488%	1h	2.1365	−0.117%	$77	$6K	5x	as long as short
Variational Omni TRUMP	−0.0409%	4h	2.1300	−0.421%	$662K	$400K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0404%	1h	2.1383	−0.033%	$384K	$78K	10x	as long as short
OKX TRUMP-USDT-SWAP	−0.0375%	4h	2.1350	−0.187%	$26.9M	$172.6M	50x	as long as short
Bybit TRUMPUSDT	−0.0370%	4h	2.1360	−0.140%	$31.2M	$48.4M	50x	as long as short
Extended TRUMP-USD	−0.0368%	1h	2.1358	−0.151%	$73K	$493K	25x	as long as short
Binance TRUMPUSDT	−0.0364%	4h	2.1362	−0.129%	$63.0M	$238.4M	75x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0296%	1h	2.1250	−0.655%	$130K	$511K	50x	as long as short
Lighter TRUMP	−0.0256%	1h	2.1372	−0.084%	$919K	$960K	10x	as long as short
Reya TRUMPRUSDPERPshort	−0.0245%	1h	2.1370	−0.094%	$5	—	10x

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TRUMP_USDT	−0.0224%	4h	2.1370	−0.094%	$7.7M	$47.7M	75x	as long as short
MEXC TRUMP_USDC	−0.0220%	4h	2.1360	−0.140%	$386K	$143K	125x	as long as short
Paradex TRUMP-USD-PERP	−0.0216%	8h	2.1358	−0.151%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0179%	4h	2.1337	−0.247%	$104K	$253K	20x	as long as short
KuCoin TRUMPUSDTM	−0.0178%	4h	2.1360	−0.140%	$4.3M	$10.2M	50x	as long as short
BloFin TRUMP-USDT	−0.0124%	4h	2.1360	−0.140%	$4.3M	$690K	75x	as long as short
Orderly PERP_TRUMP_USDC	−0.0088%	4h	2.1370	−0.094%	$5K	$299K	10x	as long as short
Bitget TRUMPUSDT	−0.0052%	4h	2.1380	−0.047%	$15.4M	$24.8M	75x	as long as short
Aevo TRUMP-PERP	−0.0008%	1h	2.1365	−0.117%	$19K	—	3x	as long as short
dYdX TRUMP-USD	−0.0004%	1h	2.1395	+0.023%	$25K	$3K	5x	as long as short
GRVT TRUMP_USDT_Perp	0.0000%	4h	2.1304	−0.404%	$184K	$4.0M	10x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1382	−0.036%	$40K	—	150x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0023%	1h	2.1406	+0.073%	$1.4M	$2.1M	50x	as long as short
Injective TRUMP/USDC PERP	+0.0033%	1h	2.1600	+0.982%	$13K	$157K	12x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1367	−0.108%	$13.4M	$7.7M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1380	−0.047%	$403K	$643K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1379	−0.051%	$184K	$54K	10x	as long as short
SunX TRUMP-USDTlong	+0.0100%	4h	2.1390	long leg	$2K	$1.4M	50x
HTX TRUMP-USDT	+0.0100%	4h	2.1390	0.000%	$485K	$2.5M	50x	as long as short
Phemex TRUMPUSDT	+0.0100%	4h	2.1380	−0.047%	$199K	$460K	50x	as long as short
Backpack TRUMP_USDC_PERP	+0.0135%	1h	2.1410	+0.094%	$382K	$391K	10x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0205% / S −0.0204%	1h	2.1397	+0.032%	$10K	—	100x	as long as short