Funding you earn now, next payment 22:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.063%
Price spread now: Gate against Deribit−0.135%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.135%, 7d avg −0.071%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.071%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% 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 | 0.0354 | pay 0.0044% / 1h | 16m 16s | $829K | $407K | 25x |
| Short | Gate TRX_USDT | 0.3441 | 0.0100 | get 0.0100% / 8h | 2h 16m | $9.7M | $2.5M | 75x |
Deribit TRX_USDC-PERPETUAL
Gate TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$53.36
- Price spread: −0.135% → −0.071%
- −$6.47
- Slippage, 4 orders
- −$12.3
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$94.13
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 8 min ago; Gate: 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 Deribit live order book, 8 min ago | 1.89 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.14 bp | 10.9 bp −$11 | 20.2 bp −$202 | 30.5 bp −$3,045 | 57.0 bp −$28.5K |
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 | 0.3440 | −0.144% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0090% | 8h | 0.3441 | −0.121% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0089% | 8h | 0.3439 | −0.170% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.083% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3441 | −0.129% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.150% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0041% | 8h | 0.3441 | −0.121% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0026% | 8h | 0.3440 | −0.158% | $826K | $710K | 75x | as long as short |
| Binance TRXUSDT | 0.0000% | 8h | 0.3441 | −0.121% | $99.3M | $49.0M | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.147% | $196K | $1.1M | 25x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Binance TRXUSDT
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | 0.0000% | 8h | 0.3441 | −0.124% | $17.9M | $1.7M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | −0.082% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3440 | −0.138% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | −0.144% | $482K | $639K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0011% | 8h | 0.3440 | −0.150% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0036% | 1h | 0.3441 | −0.121% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | −0.131% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDC | +0.0071% | 8h | 0.3441 | −0.135% | — | $6.5M | — | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3441 | −0.121% | $3.8M | $1.6M | 50x | as long as short |
| Bitget TRXUSDT | +0.0075% | 8h | 0.3441 | −0.127% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.169% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | −0.055% | $1.9M | $972K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | −0.118% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | −0.071% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDTshort | +0.0100% | 8h | 0.3441 | −0.135% | $9.7M | $2.5M | 75x | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.126% | $587K | $438K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.132% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.038% | $196K | $918K | 30x | as long as short |
| BloFin TRX-USDT | +0.0120% | 8h | 0.3441 | −0.109% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0131% | 1h | 0.3443 | −0.072% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0354% | 1h | 0.3445 | long leg | $829K | $407K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.089% | $20K | — | 100x | as long as short |
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDC
Phemex TRXUSDT
Bitget TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]