Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.052%
Price spread now: BloFin against Deribit−0.078%57s7-day average −0.069% · 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—prices read too far apart to compare
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.078%, 7d avg −0.069%
=The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% 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 | 0.3476 | 0.0524 | pay 0.0066% / 1h | 52m 04s | $844K | $503K | 25x |
| Short | BloFin TRX-USDT | 0.3473 | 0.0220 | get 0.0220% / 8h | 4h 52m | $4.7M | $3.9M | 50x |
Deribit TRX_USDC-PERPETUAL
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$63.94
- Price spread: −0.078% → −0.069%
- −$0.89
- Slippage, 4 orders
- −$8.98
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$92.81
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 7 min ago; BloFin: live order book, 6 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, 7 min ago | 2.73 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.29 bp | 8.0 bp −$8 | 10.5 bp −$105 | 27.5 bp −$2,748 | 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 | 0.3472 | −0.113% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3474 | −0.052% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3473 | −0.090% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3473 | −0.081% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.007% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3473 | −0.089% | — | $6.5M | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0081% | 1h | 0.3472 | −0.107% | $62K | $5K | 10x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3473 | −0.092% | $484K | $664K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3473 | −0.089% | $15K | $104K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3473 | −0.097% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Backpack TRX_USDC_PERP
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3476 | −0.015% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3472 | −0.104% | $962K | $694K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3473 | −0.085% | $105.0M | $58.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3473 | −0.087% | $53.7M | $11.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3473 | −0.095% | $15.5M | $9.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3473 | −0.098% | $9.6M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3473 | −0.095% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3473 | −0.078% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3473 | −0.089% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3472 | −0.117% | $568K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3472 | −0.111% | $592K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3473 | −0.072% | $116K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.114% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3473 | −0.092% | $410 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.120% | $834K | $839K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3473 | −0.092% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3472 | −0.124% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3472 | −0.128% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3473 | −0.078% | $4.7M | $3.9M | 50x | |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3473 | −0.076% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3473 | −0.075% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0524% | 1h | 0.3476 | long leg | $844K | $503K | 25x |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]