Funding you earn now, next payment 02:00 UTC+0.0676%/8h= +74.1% APRnext payment +$0.85 per $10,000 · paid last 24h +0.043%
Price spread now: Deribit against ApeX Omni+0.132%46s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.132%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Deribit is 0.072% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.148%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.85 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TRXUSDT | 0.3468 | 0.0100 | pay 0.0013% / 1h | 29m 31s | $115K | $563K | 50x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3472 | 0.0776 | get 0.0097% / 1h | 29m 31s | $799K | $463K | 25x |
ApeX Omni TRXUSDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $142.03
- Price spread: +0.132% → +0.060%
- $7.23
- Slippage, 4 orders
- −$17.37
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $114.89
- Costs to cover
- 0.344%
- Break-even
- 1.3 days
Slippage from ApeX Omni: live order book, 38 min ago; Deribit: live order book, 39 min ago.
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 ApeX Omni live order book, 38 min ago | 4.62 bp | 12.3 bp −$12 | 97.6 bp −$976 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 39 min ago | 1.15 bp | 4.9 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
TRX 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3468 | +0.016% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3468 | +0.017% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0007% | 8h | 0.3469 | +0.040% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3468 | +0.021% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3469 | +0.028% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.770% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0051% | 1h | 0.3468 | 0.000% | $59K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0089% | 8h | 0.3467 | −0.026% | $833K | $794K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0094% | 8h | 0.3468 | +0.003% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3468 | +0.009% | $484K | $661K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Lighter TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3468 | 0.000% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3470 | +0.069% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3468 | +0.014% | $958K | $669K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3469 | +0.029% | $102.8M | $50.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3469 | +0.032% | $54.9M | $9.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3469 | +0.043% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3468 | +0.020% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3469 | +0.029% | $18.5M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3469 | +0.040% | $10.4M | $3.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3469 | +0.029% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3468 | +0.008% | $566K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3467 | −0.007% | $592K | $451K | 20x | as long as short |
| ApeX Omni TRXUSDTlong | +0.0100% | 1h | 0.3468 | long leg | $115K | $563K | 50x | |
| SunX TRX-USDT | +0.0100% | 8h | 0.3466 | −0.059% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3468 | +0.017% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3468 | +0.017% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3468 | −0.003% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3466 | −0.040% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3468 | +0.012% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3470 | +0.055% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0776% | 1h | 0.3472 | +0.132% | $799K | $463K | 25x |
Paradex TRX-USD-PERP
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD