Funding you earn now, next payment 01:00 UTC−0.0396%/8h= −43.3% APRpaid last 24h −0.064%
Price spread now: MEXC against Deribit−0.072%52s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as 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−$170.169% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.072%, 7d avg −0.064%
=The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. The two prices were read 52 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 -0.152% in total (about -7.9% 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 | 0.3461 | 0.0479 | pay 0.0060% / 1h | 14m 28s | $847K | $421K | 25x |
| Short | MEXC TRX_USDT | 0.3459 | 0.0083 | get 0.0083% / 8h | 7h 14m | $18.5M | $1.9M | 200x |
Deribit TRX_USDC-PERPETUAL
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$83.07
- Price spread: −0.072% → −0.064%
- −$0.77
- Slippage, 4 orders
- −$5.93
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$100.76
- Costs to cover
- 0.169%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 59 min ago; MEXC: live order book, 4 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 | 1.89 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.14 bp | 2.2 bp −$2 | 2.8 bp −$28 | 21.7 bp −$2,169 | 37.1 bp −$18.5K |
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 | 0.3458 | −0.115% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0086% | 8h | 0.3459 | −0.057% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.133% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3458 | −0.089% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3459 | −0.065% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.592% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3457 | −0.130% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0057% | 8h | 0.3455 | −0.189% | $564K | $37K | — | as long as short |
| Extended TRX-USD | +0.0080% | 1h | 0.3459 | −0.073% | $194K | $1.0M | 25x | as long as short |
| MEXC TRX_USDTshort | +0.0083% | 8h | 0.3459 | −0.072% | $18.5M | $1.9M | 200x |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0085% | 8h | 0.3459 | −0.076% | $100.8M | $48.3M | 75x | as long as short |
| HTX TRX-USDT | +0.0086% | 8h | 0.3456 | −0.145% | $830K | $755K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3458 | −0.106% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3458 | −0.095% | $15K | $107K | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.0093% | 8h | 0.3459 | −0.078% | $15.5M | $8.4M | 50x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3458 | −0.112% | $484K | $630K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3461 | −0.014% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3460 | −0.057% | $958K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3458 | −0.086% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3460 | −0.049% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3459 | −0.069% | $9.5M | $2.5M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.095% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3455 | −0.178% | $590K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3456 | −0.150% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3454 | −0.206% | $196K | $957K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3458 | −0.107% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3458 | −0.112% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3456 | −0.166% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3460 | −0.054% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0203% | 8h | 0.3458 | −0.112% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3459 | −0.080% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0479% | 1h | 0.3461 | long leg | $847K | $421K | 25x |
Binance TRXUSDT
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
OKX TRX-USDT-SWAP
Lighter TRX
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]