Funding you earn now, next payment 00:00 UTC−0.0170%/8h= −18.7% APRnext payment −$1.70 per $10,000 · paid last 24h −0.043%
Price spread now: Bybit against Bitget−0.020%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.020%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.021% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TRXUSDT | 0.3442 | 0.0095 | pay 0.0095% / 8h | 1h 41m | $9.4M | $2.1M | 75x |
| Short | Bybit TRXUSDT | 0.3441 | −0.0075 | pay 0.0075% / 8h | 1h 41m | $54.7M | $8.2M | 75x |
Bitget TRXUSDT
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$35.8
- Price spread: −0.020% → 0.000%
- −$2.06
- Slippage, 4 orders
- −$9.13
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$70
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 0.14 bp | 7.9 bp −$8 | 13.1 bp −$131 | 29.8 bp −$2,980 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.45 bp | 7.0 bp −$7 | 10.4 bp −$104 | 40.8 bp −$4,085 | 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 | 0.3441 | −0.019% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.032% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0085% | 8h | 0.3439 | −0.085% | $563K | $39K | — | as long as short |
| Bybit TRXUSDTshort | −0.0075% | 8h | 0.3441 | −0.020% | $54.7M | $8.2M | 75x | |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.023% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0033% | 1h | 0.3442 | −0.017% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0027% | 8h | 0.3442 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0020% | 8h | 0.3440 | −0.060% | $826K | $715K | 75x | as long as short |
| Aster TRXUSDT | −0.0016% | 8h | 0.3444 | +0.044% | $953K | $656K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.018% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
Aster TRXUSDT
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3442 | −0.017% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.035% | $121K | — | 150x | as long as short |
| SoDEX TRX-USD | +0.0007% | 1h | 0.3442 | −0.009% | $402 | $5K | 5x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3442 | −0.015% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3441 | −0.030% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0008% | 8h | 0.3442 | −0.003% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0009% | 8h | 0.3442 | −0.004% | $99.3M | $48.4M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3444 | +0.042% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0038% | 8h | 0.3442 | −0.009% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0052% | 8h | 0.3442 | −0.016% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3442 | −0.003% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.051% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3442 | −0.009% | $14K | $107K | 20x | as long as short |
| BingX TRX-USDT | +0.0092% | 8h | 0.3442 | −0.012% | — | $40.0M | — | as long as short |
| Gate TRX_USDT | +0.0094% | 8h | 0.3442 | −0.009% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDTlong | +0.0095% | 8h | 0.3442 | long leg | $9.4M | $2.1M | 75x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.041% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.025% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.017% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.046% | $196K | $916K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | +0.019% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0380% | 1h | 0.3446 | +0.102% | $833K | $411K | 25x | as long as short |
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
SoDEX TRX-USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
BingX TRX-USDT
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL