Funding you earn now, next payment 00:00 UTC−0.0069%/8h= −7.6% APRnext payment −$0.69 per $10,000 · paid last 24h +0.007%
Price spread now: Orderly against BloFin−0.026%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.026%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.022% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3445 | 0.0160 | pay 0.0160% / 8h | 4m 34s | $4.6M | $4.0M | 50x |
| Short | Orderly PERP_TRX_USDC | 0.3444 | 0.0091 | get 0.0091% / 8h | 4m 34s | $14K | $107K | 20x |
BloFin TRX-USDT
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$14.48
- Price spread: −0.026% → −0.004%
- −$2.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$34.68
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 1.16 bp | 7.4 bp −$7 | 9.1 bp −$91 | 21.2 bp −$2,120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.107% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3444 | −0.027% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0092% | 8h | 0.3445 | +0.009% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | −0.006% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0063% | 1h | 0.3444 | −0.017% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | −0.0018% | 8h | 0.3443 | −0.048% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0017% | 8h | 0.3444 | −0.020% | $827K | $732K | 75x | as long as short |
| Bybit TRXUSDT | −0.0006% | 8h | 0.3445 | +0.009% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3444 | −0.009% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3446 | +0.024% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Backpack TRX_USDC_PERP
Variational Omni TRX
HTX TRX-USDT
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0034% | 8h | 0.3446 | +0.032% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0039% | 8h | 0.3445 | +0.009% | $18.2M | $1.9M | 200x | as long as short |
| Extended TRX-USD | +0.0040% | 1h | 0.3444 | −0.033% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0041% | 8h | 0.3446 | +0.037% | $99.5M | $48.2M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3446 | +0.051% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0076% | 8h | 0.3444 | −0.017% | $9K | $385 | 20x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3445 | +0.009% | $9.6M | $2.5M | 75x | as long as short |
| Aster TRXUSDT | +0.0084% | 8h | 0.3445 | +0.013% | $956K | $660K | 75x | as long as short |
| Phemex TRXUSDT | +0.0087% | 8h | 0.3444 | −0.006% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3443 | −0.048% | $33K | — | 3x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3444 | −0.012% | $482K | $630K | 10x | as long as short |
| SoDEX TRX-USD | +0.0089% | 1h | 0.3445 | 0.000% | $402 | $5K | 5x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0091% | 8h | 0.3444 | −0.026% | $14K | $107K | 20x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3447 | +0.052% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | −0.012% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3444 | −0.015% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.043% | $588K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3445 | +0.009% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.009% | $196K | $933K | 30x | as long as short |
| BloFin TRX-USDTlong | +0.0160% | 8h | 0.3445 | long leg | $4.6M | $4.0M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | +0.004% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0464% | 1h | 0.3448 | +0.102% | $833K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Extended TRX-USD
Binance TRXUSDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Gate TRX_USDT
Aster TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Lighter TRX
SoDEX TRX-USD
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL