Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget−0.006%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$290.286% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.006%, 7d avg +0.016%
=Funding pays, the price is against you. BloFin is 0.022% cheaper against Bitget than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.016%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TRXUSDT | 0.3486 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $10.6M | $3.5M | 75x |
| Short | BloFin TRX-USDT | 0.3485 | 0.0220 | get 0.0220% / 8h | 3h 13m | $4.7M | $3.9M | 50x |
Bitget TRXUSDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $25.2
- Price spread: −0.006% → +0.016%
- −$2.21
- Slippage, 4 orders
- −$4.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.63
- Costs to cover
- 0.286%
- Break-even
- 8.6 days
Slippage from Bitget: live order book, just now; BloFin: live order book, 10 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 Bitget live order book, just now | 0.14 bp | 9.3 bp −$9 | 16.4 bp −$164 | 29.0 bp −$2,902 | doesn't fit |
| Sell BloFin live order book, 10 min ago | 0.29 bp | 6.3 bp −$6 | 8.0 bp −$80 | 12.8 bp −$1,275 | 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 | 0.3486 | +0.024% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3488 | +0.069% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3486 | +0.023% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.030% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.280% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0070% | 8h | 0.3485 | −0.018% | $825K | $890K | 75x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3486 | 0.000% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3485 | −0.020% | $486K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3487 | +0.026% | $14K | $60K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3486 | +0.022% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
HTX TRX-USDT
BingX TRX-USDT
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3488 | +0.077% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3487 | +0.026% | $965K | $698K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3486 | −0.001% | $106.3M | $61.6M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3485 | −0.017% | $53.9M | $12.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3486 | 0.000% | $15.6M | $10.3M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | +0.023% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3485 | −0.006% | $19.0M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3485 | −0.009% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDTlong | +0.0100% | 8h | 0.3486 | long leg | $10.6M | $3.5M | 75x | |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3485 | −0.029% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.020% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | +0.017% | $594K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3486 | +0.023% | $116K | $579K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.014% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3486 | −0.003% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3486 | +0.017% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | −0.028% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3484 | −0.032% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3486 | +0.025% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3485 | −0.006% | $4.7M | $3.9M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0491% | 1h | 0.3487 | +0.026% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0651% | 1h | 0.3490 | +0.116% | $843K | $548K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL