Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against Bybit+0.020%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.020%, 7d avg +0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3479 | 0.0100 | pay 0.0100% / 8h | 4h 01m | $53.7M | $11.7M | 75x |
| Short | MEXC TRX_USDT | 0.3480 | 0.0100 | get 0.0100% / 8h | 4h 01m | $18.9M | $2.2M | 200x |
Bybit TRXUSDT
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- Price spread: +0.020% → +0.020%
- −$0.03
- Slippage, 4 orders
- −$6.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$21.48
- Costs to cover
- 0.215%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: 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 | 1.44 bp | 8.9 bp −$9 | 12.1 bp −$121 | 42.9 bp −$4,294 | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.14 bp | 2.1 bp −$2 | 2.5 bp −$25 | 24.9 bp −$2,492 | 38.4 bp −$19.2K |
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 | 0.3479 | −0.008% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3478 | −0.023% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3478 | −0.018% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3479 | +0.006% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.092% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0058% | 1h | 0.3478 | −0.026% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3479 | 0.000% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3479 | −0.010% | $9K | $251 | 20x | as long as short |
| HTX TRX-USDT | +0.0095% | 8h | 0.3477 | −0.060% | $835K | $857K | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3479 | +0.006% | $485K | $669K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
Paradex TRX-USD-PERP
HTX TRX-USDT
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3479 | −0.009% | $15K | $44K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3482 | +0.089% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3479 | +0.002% | $964K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3480 | +0.015% | $105.5M | $58.8M | 75x | as long as short |
| Bybit TRXUSDTlong | +0.0100% | 8h | 0.3479 | long leg | $53.7M | $11.7M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3479 | +0.006% | $15.5M | $9.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3479 | +0.003% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDTshort | +0.0100% | 8h | 0.3480 | +0.020% | $18.9M | $2.2M | 200x | |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3480 | +0.017% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3479 | +0.003% | $10.4M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3476 | −0.089% | $569K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3477 | −0.071% | $593K | $472K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3476 | −0.086% | $116K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3478 | −0.039% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3479 | +0.011% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3479 | +0.011% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3478 | −0.023% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3477 | −0.053% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3478 | −0.026% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3481 | +0.048% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3479 | −0.013% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0632% | 1h | 0.3483 | +0.101% | $844K | $504K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL