Funding you earn now, next payment 22:00 UTC−0.0354%/8h= −38.7% APRpaid last 24h −0.105%
Price spread now: HTX against Deribit−0.149%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.149%, 7d avg −0.107%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and HTX is 0.042% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3442 | 0.0323 | pay 0.0040% / 1h | 29m 35s | $828K | $407K | 25x |
| Short | HTX TRX-USDT | 0.3437 | −0.0031 | pay 0.0031% / 8h | 2h 29m | $825K | $708K | 75x |
Deribit TRX_USDC-PERPETUAL
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$74.28
- Price spread: −0.149% → −0.107%
- −$4.24
- Slippage, 4 orders
- −$9.99
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$107.5
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 59 min ago; HTX: live order book, 59 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, 59 min ago | 0.73 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 59 min ago | 0.07 bp | 9.0 bp −$9 | 16.7 bp −$167 | 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 | 0.3437 | −0.137% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0089% | 8h | 0.3437 | −0.144% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3436 | −0.163% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3439 | −0.083% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0053% | 8h | 0.3438 | −0.103% | $951K | $638K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0049% | 1h | 0.3438 | −0.123% | $58K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.085% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDTshort | −0.0031% | 8h | 0.3437 | −0.149% | $825K | $708K | 75x | |
| Lighter TRX | −0.0008% | 1h | 0.3437 | −0.132% | $483K | $628K | 10x | as long as short |
| SoDEX TRX-USD | −0.0005% | 1h | 0.3438 | −0.120% | $402 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Lighter TRX
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0002% | 8h | 0.3438 | −0.120% | $99.3M | $49.1M | 75x | as long as short |
| MEXC TRX_USDT | −0.0002% | 8h | 0.3438 | −0.114% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3437 | −0.145% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3439 | −0.079% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3438 | −0.129% | $15.6M | $8.8M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.0026% | 8h | 0.3436 | −0.164% | $8.7M | $3.6M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0044% | 8h | 0.3438 | −0.127% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0068% | 8h | 0.3438 | −0.129% | — | $38.2M | — | as long as short |
| Bitget TRXUSDT | +0.0069% | 8h | 0.3437 | −0.132% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3438 | −0.114% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3436 | −0.165% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3440 | −0.068% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0088% | 8h | 0.3438 | −0.114% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3440 | −0.065% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3438 | −0.120% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3437 | −0.132% | $586K | $437K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3439 | −0.080% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | −0.016% | $196K | $916K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3439 | −0.083% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0160% | 1h | 0.3439 | −0.095% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0323% | 1h | 0.3442 | long leg | $828K | $407K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3439 | −0.084% | $20K | — | 100x | as long as short |
Binance TRXUSDT
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
KuCoin TRXUSDTM
Paradex TRX-USD-PERP
BingX TRX-USDT
Bitget TRXUSDT
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]