Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.069%
Price spread now: dYdX against Bybit+0.079%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1581.583% of the position
Funding, last 7 days+0.522%+$52 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.079%, 7d avg +0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3444 | −0.0005 | get 0.0005% / 8h | 3m 27s | $54.7M | $8.0M | 75x |
| Short | dYdX TRX-USD | 0.3447 | 0 | get 0.0000% / 1h | 3m 27s | $181K | $10K | 10x |
Bybit TRXUSDT
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $0.97
- Price spread: +0.079% → +0.045%
- $3.39
- Slippage, 4 orders
- −$137.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$153.93
- Costs to cover
- 1.583%
- Break-even
- 1120.0 days
Slippage from Bybit: live order book, 5 min ago; dYdX: live order book, 11 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, 5 min ago | 1.45 bp | 7.0 bp −$7 | 8.8 bp −$88 | 36.9 bp −$3,689 | doesn't fit |
| Sell dYdX live order book, 11 min ago | 64.67 bp | 70.0 bp −$70 | 180.8 bp −$1,808 | 279.6 bp −$28.0K | 756.0 bp −$378.0K |
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 | −0.093% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3445 | +0.016% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0092% | 8h | 0.3445 | +0.020% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3446 | +0.049% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0062% | 1h | 0.3445 | +0.020% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | −0.0018% | 8h | 0.3443 | −0.034% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0017% | 8h | 0.3445 | +0.026% | $828K | $732K | 75x | as long as short |
| Bybit TRXUSDTlong | −0.0005% | 8h | 0.3444 | long leg | $54.7M | $8.0M | 75x | |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3447 | +0.079% | $181K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3446 | +0.062% | $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
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 | +0.0035% | 8h | 0.3445 | +0.026% | $15.6M | $8.8M | 50x | as long as short |
| Extended TRX-USD | +0.0040% | 1h | 0.3445 | +0.011% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0041% | 8h | 0.3446 | +0.038% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0041% | 8h | 0.3446 | +0.038% | $99.5M | $48.3M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3447 | +0.069% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0077% | 8h | 0.3445 | +0.027% | $9K | $385 | 20x | as long as short |
| Gate TRX_USDT | +0.0083% | 8h | 0.3445 | +0.035% | $9.6M | $2.5M | 75x | as long as short |
| Aster TRXUSDT | +0.0084% | 8h | 0.3445 | +0.036% | $956K | $660K | 75x | as long as short |
| Phemex TRXUSDT | +0.0087% | 8h | 0.3446 | +0.049% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3444 | −0.001% | $33K | — | 3x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3445 | +0.015% | $482K | $630K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3446 | +0.038% | $14K | $107K | 20x | as long as short |
| SoDEX TRX-USD | +0.0094% | 1h | 0.3445 | +0.035% | $405 | $5K | 5x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3447 | +0.075% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3446 | +0.038% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3446 | +0.044% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.028% | $588K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3446 | +0.046% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.036% | $196K | $934K | 30x | as long as short |
| BloFin TRX-USDT | +0.0160% | 8h | 0.3445 | +0.015% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3446 | +0.039% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0475% | 1h | 0.3449 | +0.132% | $833K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Gate TRX_USDT
Aster TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Lighter TRX
Orderly PERP_TRX_USDC
SoDEX TRX-USD
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL