Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.053%
Price spread now: Bybit against dYdX+0.020%50s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$235as 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−$1861.860% of the position
Funding, last 7 days−0.487%−$49 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.020%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.063% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.487%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TRX-USD | 0.3476 | 0 | get 0.0000% / 1h | 16m 52s | $183K | $10K | 10x |
| Short | Bybit TRXUSDT | 0.3477 | 0.0100 | get 0.0100% / 8h | 5h 16m | $53.8M | $11.4M | 75x |
dYdX TRX-USD
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against dYdX. 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
- $21
- Price spread: +0.020% → −0.043%
- $6.29
- Slippage, 4 orders
- −$165.01
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$158.72
- Costs to cover
- 1.860%
- Break-even
- 59.9 days
Slippage from dYdX: live order book, 47 min ago; Bybit: 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 dYdX live order book, 47 min ago | 79.89 bp | 84.9 bp −$85 | 86.6 bp −$866 | 108.3 bp −$10.8K | 470.4 bp −$235.2K |
| Sell Bybit live order book, 2 min ago | 1.44 bp | 6.9 bp −$7 | 9.8 bp −$98 | 24.8 bp −$2,480 | 147.2 bp −$73.6K |
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 | 0.3476 | −0.021% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3484 | +0.224% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDlong | 0.0000% | 1h | 0.3476 | long leg | $183K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3476 | −0.006% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.016% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3477 | +0.017% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3476 | −0.009% | $485K | $664K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3476 | −0.023% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3475 | −0.032% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3479 | +0.078% | $13.1M | $2.6M | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Hyperliquid TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0100% | 8h | 0.3475 | −0.041% | $962K | $690K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3477 | +0.010% | $105.3M | $57.5M | 75x | as long as short |
| Bybit TRXUSDTshort | +0.0100% | 8h | 0.3477 | +0.020% | $53.8M | $11.4M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3478 | +0.037% | $15.6M | $9.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3477 | +0.008% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3477 | +0.014% | $18.6M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3477 | +0.032% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3477 | +0.032% | $10.4M | $3.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3475 | −0.029% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | +0.045% | $568K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3475 | −0.042% | $593K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3481 | +0.126% | $116K | $562K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3474 | −0.065% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3476 | −0.009% | $412 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.085% | $839K | $828K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3476 | +0.003% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3476 | −0.017% | $198K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3474 | −0.059% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3476 | −0.012% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3476 | +0.001% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0585% | 1h | 0.3477 | +0.013% | $2.4M | $1.7M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0622% | 1h | 0.3480 | +0.097% | $845K | $502K | 25x | as long as short |
Aster TRXUSDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL