Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.023%
Price spread now: Orderly against Binance−0.010%7-day average −0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.215%+$22 on $10k
+Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.010%, 7d avg −0.007%
=The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: $0 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 | 0.3455 | 0.0079 | pay 0.0079% / 8h | 7h 18m | $100.7M | $48.1M | 75x |
| Short | Orderly PERP_TRX_USDC | 0.3455 | 0.0092 | get 0.0092% / 8h | 7h 18m | $15K | $107K | 20x |
Binance TRXUSDT
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $2.81
- Price spread: −0.010% → −0.007%
- −$0.29
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$13.47
- Costs to cover
- 0.160%
- Break-even
- 40.5 days
Slippage unknown: Binance: live order book, 9 min ago; Orderly: 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 Binance live order book, 9 min ago | 0.14 bp | 6.0 bp −$6 | 6.5 bp −$65 | 28.4 bp −$2,839 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.
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 | 0.3454 | −0.020% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3454 | −0.022% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | +0.045% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.041% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | +0.030% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.404% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0045% | 1h | 0.3454 | −0.022% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0050% | 8h | 0.3454 | −0.030% | $565K | $36K | — | as long as short |
| MEXC TRX_USDT | +0.0077% | 8h | 0.3455 | −0.010% | $18.4M | $1.9M | 200x | as long as short |
| HTX TRX-USDT | +0.0078% | 8h | 0.3454 | −0.015% | $830K | $754K | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
MEXC TRX_USDT
HTX TRX-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDTlong | +0.0079% | 8h | 0.3455 | long leg | $100.7M | $48.1M | 75x | |
| Extended TRX-USD | +0.0080% | 1h | 0.3454 | −0.035% | $194K | $1.0M | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.0088% | 8h | 0.3455 | −0.004% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0091% | 8h | 0.3454 | −0.021% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0092% | 8h | 0.3455 | −0.010% | $15K | $107K | 20x | |
| Lighter TRX | +0.0096% | 1h | 0.3454 | −0.028% | $483K | $630K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3456 | +0.040% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3455 | −0.001% | $956K | $664K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3454 | −0.036% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3455 | +0.004% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3454 | −0.022% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3454 | −0.013% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3454 | −0.017% | $590K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3454 | −0.019% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3452 | −0.094% | $196K | $956K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | +0.007% | $405 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3456 | +0.016% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3453 | −0.065% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.056% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0197% | 8h | 0.3455 | +0.013% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | +0.006% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0612% | 1h | 0.3459 | +0.110% | $846K | $421K | 25x | as long as short |
Extended TRX-USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Lighter TRX
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL