Funding you earn now, next payment 00:00 UTC+0.0121%/8h= +13.2% APRnext payment +$1.21 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against Binance+0.013%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.013%, 7d avg −0.003%
=The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TRXUSDT | 0.3439 | −0.0003 | get 0.0003% / 8h | 2h 36m | $99.3M | $49.2M | 75x |
| Short | BloFin TRX-USDT | 0.3439 | 0.0118 | get 0.0118% / 8h | 2h 36m | $4.6M | $4.0M | 50x |
Binance TRXUSDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.36
- Price spread: +0.013% → −0.003%
- $1.57
- Slippage, 4 orders
- −$4.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $0.27
- Costs to cover
- 0.267%
- Break-even
- 6.9 days
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 2 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 Binance live order book, 6 min ago | 0.14 bp | 5.2 bp −$5 | 7.3 bp −$73 | 30.8 bp −$3,082 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.14 bp | 8.6 bp −$9 | 12.0 bp −$120 | 25.2 bp −$2,518 | doesn't fit |
TRX on 32 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 | 0.3438 | −0.016% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3437 | −0.046% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3438 | −0.030% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3439 | +0.013% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0057% | 8h | 0.3437 | −0.046% | $950K | $634K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | +0.013% | $1K | $100K | 12x | as long as short |
| Backpack TRX_USDC_PERP | −0.0046% | 1h | 0.3438 | −0.005% | $58K | $7K | 10x | as long as short |
| HTX TRX-USDT | −0.0035% | 8h | 0.3437 | −0.055% | $825K | $707K | 75x | as long as short |
| SoDEX TRX-USD | −0.0029% | 1h | 0.3438 | −0.011% | $402 | $5K | 5x | as long as short |
| Lighter TRX | −0.0008% | 1h | 0.3438 | −0.025% | $483K | $628K | 10x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
SoDEX TRX-USD
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDTlong | −0.0003% | 8h | 0.3439 | long leg | $99.3M | $49.2M | 75x | |
| MEXC TRX_USDT | −0.0002% | 8h | 0.3439 | +0.004% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3438 | −0.029% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3440 | +0.034% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0007% | 8h | 0.3438 | −0.014% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0036% | 8h | 0.3438 | −0.015% | $9K | $385 | 20x | as long as short |
| KuCoin TRXUSDTM | +0.0039% | 8h | 0.3437 | −0.054% | $8.7M | $3.6M | 75x | as long as short |
| BingX TRX-USDT | +0.0066% | 8h | 0.3438 | −0.016% | — | $38.2M | — | as long as short |
| Bitget TRXUSDT | +0.0067% | 8h | 0.3438 | −0.016% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3439 | +0.001% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3437 | −0.059% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3440 | +0.047% | $1.9M | $978K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0087% | 8h | 0.3438 | −0.008% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3440 | +0.045% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3438 | −0.011% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3438 | −0.022% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3438 | −0.011% | $115K | $540K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.059% | $196K | $914K | 30x | as long as short |
| BloFin TRX-USDTshort | +0.0118% | 8h | 0.3439 | +0.013% | $4.6M | $4.0M | 50x | |
| dYdX TRX-USD | +0.0136% | 1h | 0.3439 | +0.003% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0340% | 1h | 0.3443 | +0.115% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3439 | +0.019% | $19K | — | 100x | as long as short |
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
KuCoin TRXUSDTM
BingX TRX-USDT
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]