Funding you earn now, next payment 23:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.030%
Price spread now: Deribit against Bitget+0.095%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.095%, 7d avg +0.085%
=The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% a year). A funding rate is set anew for every payment. 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 | Bitget TRXUSDT | 0.3441 | 0.0100 | pay 0.0100% / 8h | 1h 00m | $9.5M | $2.1M | 75x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3445 | 0.0319 | get 0.0040% / 1h | 0m 06s | $832K | $411K | 25x |
Bitget TRXUSDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $46.06
- Price spread: +0.095% → +0.085%
- $1.02
- Slippage, 4 orders
- −$6.84
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $21.24
- Costs to cover
- 0.258%
- Break-even
- 3.8 days
Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 19 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, 3 min ago | 0.29 bp | 7.3 bp −$7 | 12.1 bp −$121 | 32.2 bp −$3,222 | doesn't fit |
| Sell Deribit live order book, 19 min ago | 0.73 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | 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 | 0.3440 | −0.030% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.012% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0083% | 8h | 0.3441 | −0.023% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.003% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0064% | 8h | 0.3439 | −0.069% | $562K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0048% | 8h | 0.3441 | −0.012% | $54.6M | $8.2M | 75x | as long as short |
| HTX TRX-USDT | −0.0025% | 8h | 0.3439 | −0.063% | $826K | $722K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0009% | 1h | 0.3440 | −0.029% | $58K | $4K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.031% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0002% | 8h | 0.3441 | −0.017% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.031% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | −0.020% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3440 | −0.036% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0017% | 8h | 0.3441 | −0.006% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0019% | 8h | 0.3441 | −0.005% | $99.3M | $48.2M | 75x | as long as short |
| Aster TRXUSDT | +0.0023% | 8h | 0.3441 | −0.009% | $955K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.028% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0027% | 1h | 0.3441 | −0.012% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3441 | −0.021% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0070% | 8h | 0.3441 | −0.026% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3441 | −0.009% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3441 | −0.006% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.057% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.015% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.049% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDTlong | +0.0100% | 8h | 0.3441 | long leg | $9.5M | $2.1M | 75x | |
| BingX TRX-USDC | +0.0100% | 8h | 0.3441 | −0.026% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.039% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.044% | $115K | $554K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.049% | $196K | $920K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0319% | 1h | 0.3445 | +0.095% | $832K | $411K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.018% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]