Funding you earn now, next payment 01:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.063%
Price spread now: Aster against Deribit−0.108%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.108%, 7d avg −0.047%
=Together, before fees+0.126%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aster is 0.061% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3458 | 0.0540 | pay 0.0067% / 1h | 21m 12s | $846K | $421K | 25x |
| Short | Aster TRXUSDT | 0.3455 | 0.0100 | get 0.0100% / 8h | 7h 21m | $956K | $664K | 75x |
Deribit TRX_USDC-PERPETUAL
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Deribit. 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
- −$92.4
- Price spread: −0.108% → −0.047%
- −$6.1
- Slippage, 4 orders
- −$10.39
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$123.89
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 53 min ago; Aster: live order book, 52 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 Deribit live order book, 53 min ago | 1.89 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 52 min ago | 0.29 bp | 9.0 bp −$9 | doesn't fit | 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 | 0.3454 | −0.123% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3455 | −0.112% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.057% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | −0.060% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3455 | −0.091% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.505% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3454 | −0.118% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0050% | 8h | 0.3454 | −0.131% | $565K | $36K | — | as long as short |
| Extended TRX-USD | +0.0072% | 1h | 0.3454 | −0.131% | $194K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0074% | 8h | 0.3455 | −0.095% | $18.4M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0075% | 8h | 0.3455 | −0.096% | $100.7M | $48.1M | 75x | as long as short |
| HTX TRX-USDT | +0.0076% | 8h | 0.3454 | −0.117% | $830K | $754K | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0084% | 8h | 0.3456 | −0.086% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0090% | 8h | 0.3455 | −0.114% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3454 | −0.115% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3454 | −0.118% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.168% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | −0.050% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDTshort | +0.0100% | 8h | 0.3455 | −0.108% | $956K | $664K | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | −0.100% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3456 | −0.086% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3455 | −0.109% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3455 | −0.095% | — | $40.2M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3456 | −0.076% | $590K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3457 | −0.031% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3452 | −0.182% | $196K | $956K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3455 | −0.100% | $401 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | −0.100% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | −0.045% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0195% | 8h | 0.3455 | −0.106% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.103% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0540% | 1h | 0.3458 | long leg | $846K | $421K | 25x |
Binance TRXUSDT
HTX TRX-USDT
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]