Funding you earn now, next payment 00:00 UTC−0.0215%/8h= −23.5% APRnext payment −$2.15 per $10,000 · paid last 24h −0.032%
Price spread now: Bybit against BloFin−0.020%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.020%, 7d avg −0.022%
=The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3440 | 0.0119 | pay 0.0119% / 8h | 2h 51m | $4.6M | $4.0M | 50x |
| Short | Bybit TRXUSDT | 0.3439 | −0.0095 | pay 0.0095% / 8h | 2h 51m | $54.7M | $8.2M | 75x |
BloFin TRX-USDT
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$45.07
- Price spread: −0.020% → −0.022%
- $0.16
- Slippage, 4 orders
- −$4.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$72.2
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from BloFin: 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 BloFin live order book, 2 min ago | 0.29 bp | 6.6 bp −$7 | 7.4 bp −$74 | 20.4 bp −$2,044 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.45 bp | 7.0 bp −$7 | 11.6 bp −$116 | 53.7 bp −$5,374 | 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 | 0.3439 | −0.012% | $5 | — | 20x | as long as short |
| Bybit TRXUSDTshort | −0.0095% | 8h | 0.3439 | −0.020% | $54.7M | $8.2M | 75x | |
| BingX TRX-USDT | −0.0094% | 8h | 0.3439 | −0.012% | — | $38.1M | — | as long as short |
| Variational Omni TRX | −0.0083% | 8h | 0.3437 | −0.064% | $562K | $39K | — | as long as short |
| Backpack TRX_USDC_PERP | −0.0077% | 1h | 0.3440 | +0.003% | $58K | $7K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.023% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | −0.011% | $951K | $636K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.020% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0036% | 8h | 0.3439 | −0.035% | $826K | $705K | 75x | as long as short |
| SoDEX TRX-USD | −0.0026% | 1h | 0.3440 | −0.003% | $405 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
BingX TRX-USDT
Variational Omni TRX
Backpack TRX_USDC_PERP
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | 0.000% | $99.3M | $49.4M | 75x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3439 | −0.012% | $483K | $628K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.028% | $181K | $10K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.023% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3440 | 0.000% | $17.2M | $1.6M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.046% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0011% | 8h | 0.3439 | −0.009% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3440 | −0.001% | $9K | $385 | 20x | as long as short |
| Bitget TRXUSDT | +0.0065% | 8h | 0.3439 | −0.009% | $9.4M | $2.1M | 75x | as long as short |
| KuCoin TRXUSDTM | +0.0066% | 8h | 0.3439 | −0.020% | $8.7M | $3.6M | 75x | as long as short |
| Phemex TRXUSDT | +0.0078% | 8h | 0.3440 | +0.006% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.045% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | −0.006% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.066% | $1.9M | $995K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.065% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3440 | −0.003% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.007% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.003% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.075% | $196K | $912K | 30x | as long as short |
| BloFin TRX-USDTlong | +0.0119% | 8h | 0.3440 | long leg | $4.6M | $4.0M | 50x | |
| Deribit TRX_USDC-PERPETUAL | +0.0282% | 1h | 0.3444 | +0.123% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | +0.035% | $19K | — | 100x | as long as short |
Binance TRXUSDT
Lighter TRX
dYdX TRX-USD
Extended TRX-USD
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Bitget TRXUSDT
KuCoin TRXUSDTM
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]