Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.049%
Price spread now: edgeX against Deribit−0.124%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.124%, 7d avg −0.089%
=Together, before fees+0.077%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.035% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.089%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.1% 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 | 0.3445 | 0.0308 | pay 0.0038% / 1h | 57m 28s | $832K | $411K | 25x |
| Short | edgeX TRXUSDC | 0.3440 | 0.0100 | get 0.0050% / 4h | 57m 28s | $587K | $429K | 20x |
Deribit TRX_USDC-PERPETUAL
edgeX TRXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$43.61
- Price spread: −0.124% → −0.089%
- −$3.47
- Slippage, 4 orders
- −$5.27
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$68.36
- Costs to cover
- 0.213%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 21 min ago; edgeX: live order book, 21 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, 21 min ago | 0.73 bp | 5.1 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 21 min ago | 0.87 bp | 5.4 bp −$5 | 6.9 bp −$69 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0176% | 1h | 0.3441 | −0.123% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.108% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3440 | −0.124% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0086% | 8h | 0.3441 | −0.120% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.079% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0064% | 8h | 0.3439 | −0.165% | $562K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0045% | 8h | 0.3441 | −0.108% | $54.6M | $8.1M | 75x | as long as short |
| HTX TRX-USDT | −0.0025% | 8h | 0.3439 | −0.155% | $826K | $722K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | −0.065% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0002% | 8h | 0.3441 | −0.114% | $15.6M | $8.7M | 50x | as long as short |
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | −0.062% | $121K | — | 150x | as long as short |
| SoDEX TRX-USD | +0.0011% | 1h | 0.3441 | −0.105% | $403 | $5K | 5x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | −0.108% | $482K | $630K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3440 | −0.129% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0019% | 8h | 0.3441 | −0.105% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0020% | 8h | 0.3441 | −0.105% | $99.3M | $47.9M | 75x | as long as short |
| Aster TRXUSDT | +0.0026% | 8h | 0.3442 | −0.085% | $955K | $659K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0047% | 8h | 0.3441 | −0.114% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3443 | −0.048% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3441 | −0.105% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0079% | 8h | 0.3441 | −0.114% | $4.6M | $4.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3441 | −0.096% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.153% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.128% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | −0.047% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | −0.093% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3441 | −0.123% | — | $6.5M | — | as long as short |
| edgeX TRXUSDCshort | +0.0100% | 4h | 0.3440 | −0.124% | $587K | $429K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.137% | $115K | $556K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | −0.044% | $196K | $920K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0308% | 1h | 0.3445 | long leg | $832K | $411K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.079% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
SoDEX TRX-USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
BloFin TRX-USDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]