Funding you earn now, next payment 00:00 UTC+0.0166%/8h= +18.2% APRnext payment +$1.66 per $10,000 · paid last 24h +0.043%
Price spread now: Bitget against Bybit+0.023%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.023%, 7d avg 0.000%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3440 | −0.0091 | get 0.0091% / 8h | 2h 16m | $54.7M | $8.2M | 75x |
| Short | Bitget TRXUSDT | 0.3441 | 0.0075 | get 0.0075% / 8h | 2h 16m | $9.4M | $2.1M | 75x |
Bybit TRXUSDT
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $34.84
- Price spread: +0.023% → 0.000%
- $2.35
- Slippage, 4 orders
- −$8.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $5.24
- Costs to cover
- 0.319%
- Break-even
- 5.9 days
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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 Bybit live order book, 2 min ago | 1.45 bp | 9.4 bp −$9 | 13.0 bp −$130 | 43.1 bp −$4,311 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.29 bp | 8.7 bp −$9 | 13.5 bp −$135 | 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 | 0.3441 | +0.022% | $5 | — | 20x | as long as short |
| Bybit TRXUSDTlong | −0.0091% | 8h | 0.3440 | long leg | $54.7M | $8.2M | 75x | |
| Variational Omni TRX | −0.0089% | 8h | 0.3439 | −0.020% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.067% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3441 | +0.020% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | 0.000% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0041% | 8h | 0.3441 | +0.029% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0027% | 8h | 0.3439 | −0.018% | $826K | $710K | 75x | as long as short |
| Binance TRXUSDT | 0.0000% | 8h | 0.3441 | +0.026% | $99.3M | $49.0M | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.001% | $196K | $1.1M | 25x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Binance TRXUSDT
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | 0.0000% | 8h | 0.3441 | +0.026% | $17.9M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.067% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0006% | 8h | 0.3440 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | +0.006% | $482K | $639K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0011% | 8h | 0.3440 | +0.003% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0035% | 1h | 0.3441 | +0.026% | $401 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | +0.019% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3441 | +0.029% | $3.8M | $1.6M | 50x | as long as short |
| BingX TRX-USDT | +0.0073% | 8h | 0.3441 | +0.015% | — | $40.0M | — | as long as short |
| Bitget TRXUSDTshort | +0.0075% | 8h | 0.3441 | +0.023% | $9.4M | $2.1M | 75x | |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.019% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.086% | $1.9M | $979K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.032% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.084% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.023% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.024% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.017% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.124% | $196K | $918K | 30x | as long as short |
| BloFin TRX-USDT | +0.0120% | 8h | 0.3441 | +0.041% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0131% | 1h | 0.3443 | +0.077% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0319% | 1h | 0.3445 | +0.144% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | +0.076% | $20K | — | 100x | as long as short |
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
Phemex TRXUSDT
BingX TRX-USDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]