Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.053%
Price spread now: KuCoin against dYdX+0.021%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2142.139% of the position
Funding, last 7 days−0.480%−$48 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.021%, 7d avg −0.022%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.043% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.022%. Mind the row above: over the last 7 days funding on this pair cost −0.480%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TRX-USD | 0.3486 | 0 | get 0.0000% / 1h | 0m 10s | $183K | $9K | 10x |
| Short | KuCoin TRXUSDTM | 0.3487 | 0.0100 | get 0.0100% / 8h | 3h 00m | $8.5M | $3.5M | 75x |
dYdX TRX-USD
KuCoin TRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: +0.021% → −0.022%
- $4.3
- Slippage, 4 orders
- −$191.89
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$188.59
- Costs to cover
- 2.139%
- Break-even
- 69.9 days
Slippage from dYdX: live order book, 54 min ago; KuCoin: live order book, 3 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, 54 min ago | 87.60 bp | 92.6 bp −$93 | 100.6 bp −$1,006 | 155.3 bp −$15.5K | 514.9 bp −$257.5K |
| Sell KuCoin live order book, 3 min ago | 0.57 bp | 15.7 bp −$16 | 65.6 bp −$656 | 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 | 0.3487 | +0.010% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3488 | +0.038% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDlong | 0.0000% | 1h | 0.3486 | long leg | $183K | $9K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.028% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.301% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0070% | 8h | 0.3485 | −0.043% | $825K | $869K | 75x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3488 | +0.035% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | +0.027% | $486K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3487 | +0.009% | $14K | $60K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3487 | +0.009% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
HTX TRX-USDT
BingX TRX-USDT
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3490 | +0.110% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3487 | +0.031% | $965K | $698K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3488 | +0.039% | $106.4M | $61.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3487 | +0.018% | $54.0M | $11.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3488 | +0.035% | $15.6M | $10.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3487 | +0.029% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | +0.027% | $19.0M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTMshort | +0.0100% | 8h | 0.3487 | +0.021% | $8.5M | $3.5M | 75x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3488 | +0.061% | $10.6M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | −0.005% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.043% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | +0.003% | $595K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3486 | −0.008% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.034% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3487 | +0.027% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3488 | +0.038% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3486 | 0.000% | $194K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3486 | −0.022% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3487 | +0.021% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.018% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0491% | 1h | 0.3487 | +0.030% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0536% | 1h | 0.3491 | +0.125% | $853K | $558K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL