Funding you earn now, next payment 09:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.103%
Price spread now: OKX against Deribit−0.073%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days−0.197%−$20 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.073%, 7d avg −0.079%
=The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3488 | 0.0304 | pay 0.0038% / 1h | 22m 46s | $809K | $753K | 25x |
| Short | OKX TRX-USDT-SWAP | 0.3486 | 0.0100 | get 0.0100% / 8h | 7h 22m | $15.6M | $11.1M | 50x |
Deribit TRX_USDC-PERPETUAL
OKX TRX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$42.76
- Price spread: −0.073% → −0.079%
- $0.57
- Slippage, 4 orders
- −$6.63
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$65.82
- Costs to cover
- 0.236%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago | 0.14 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.14 bp | 6.7 bp −$7 | 14.3 bp −$143 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0196% | 8h | 0.3482 | −0.170% | $835K | $956K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3484 | −0.128% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3485 | −0.102% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | −0.139% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3485 | −0.089% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0020% | 1h | 0.3485 | −0.077% | $2.4M | $1.9M | 25x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.352% | $1K | $163K | 12x | as long as short |
| Aster TRXUSDT | +0.0037% | 8h | 0.3481 | −0.208% | $968K | $827K | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3484 | −0.105% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0044% | 8h | 0.3485 | −0.088% | — | $6.5M | — | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSD
Injective TRX/USDC PERP
Aster TRXUSDT
Backpack TRX_USDC_PERP
BingX TRX-USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3484 | −0.124% | $9K | $123 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3485 | −0.096% | $489K | $672K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3484 | −0.119% | $14K | $63K | 20x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3486 | −0.068% | $107.1M | $65.2M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3485 | −0.091% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAPshort | +0.0100% | 8h | 0.3486 | −0.073% | $15.6M | $11.1M | 50x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | −0.076% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3486 | −0.076% | $19.0M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3486 | −0.065% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3485 | −0.099% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3483 | −0.153% | $577K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3483 | −0.150% | $594K | $502K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3485 | −0.102% | $116K | $616K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3483 | −0.160% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3485 | −0.079% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3485 | −0.082% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3484 | −0.112% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3483 | −0.152% | $34K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0123% | 1h | 0.3489 | +0.036% | $13.4M | $2.7M | 10x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3485 | −0.085% | $4.8M | $4.1M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0304% | 1h | 0.3488 | long leg | $809K | $753K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3485 | −0.079% | $20K | — | 100x | as long as short |
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Binance TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Hyperliquid TRX
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]