Funding you earn now, next payment 22:00 UTC−0.0233%/8h= −25.6% APRpaid last 24h −0.074%
Price spread now: KuCoin against Deribit−0.134%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.134%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.065% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3445 | 0.0252 | pay 0.0032% / 1h | 25m 52s | $828K | $407K | 25x |
| Short | KuCoin TRXUSDTM | 0.3440 | 0.0019 | get 0.0019% / 8h | 2h 25m | $8.7M | $3.6M | 75x |
Deribit TRX_USDC-PERPETUAL
KuCoin TRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$49.03
- Price spread: −0.134% → −0.069%
- −$6.52
- Slippage, 4 orders
- −$22.37
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$96.92
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 63 min ago; KuCoin: 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, 63 min ago | 0.73 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.02 bp | 10.8 bp −$11 | 47.0 bp −$470 | 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 | 0.3440 | −0.126% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | −0.137% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0086% | 8h | 0.3436 | −0.243% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3439 | −0.169% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0055% | 1h | 0.3441 | −0.123% | $58K | $5K | 10x | as long as short |
| Aster TRXUSDT | −0.0049% | 8h | 0.3441 | −0.118% | $951K | $638K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.166% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0029% | 8h | 0.3440 | −0.151% | $826K | $709K | 75x | as long as short |
| MEXC TRX_USDT | −0.0002% | 8h | 0.3441 | −0.108% | $17.2M | $1.6M | 200x | as long as short |
| Binance TRXUSDT | −0.0002% | 8h | 0.3441 | −0.111% | $99.3M | $49.0M | 75x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3440 | −0.125% | $483K | $628K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.129% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | −0.064% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3440 | −0.128% | $15.6M | $8.8M | 50x | as long as short |
| SoDEX TRX-USD | +0.0013% | 1h | 0.3441 | −0.111% | $401 | $5K | 5x | as long as short |
| KuCoin TRXUSDTMshort | +0.0019% | 8h | 0.3440 | −0.134% | $8.7M | $3.6M | 75x | |
| Paradex TRX-USD-PERP | +0.0048% | 8h | 0.3441 | −0.113% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0069% | 8h | 0.3441 | −0.123% | — | $40.0M | — | as long as short |
| Bitget TRXUSDT | +0.0070% | 8h | 0.3441 | −0.102% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0074% | 8h | 0.3441 | −0.111% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.156% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | −0.059% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | −0.111% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | −0.057% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | −0.114% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3437 | −0.212% | $586K | $437K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3439 | −0.160% | $115K | $541K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | −0.054% | $196K | $917K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3439 | −0.166% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0166% | 1h | 0.3441 | −0.111% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0252% | 1h | 0.3445 | long leg | $828K | $407K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.078% | $20K | — | 100x | as long as short |
Lighter TRX
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
SoDEX TRX-USD
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]