Funding you earn now, next payment 05:00 UTC+0.0642%/8h= +70.3% APRpaid last 24h +0.057%
Price spread now: Deribit against edgeX+0.152%75s7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as 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−$220.220% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.152%, 7d avg +0.094%
=Together, before fees−0.053%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.058% dearer against edgeX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.094%. The two prices were read 75 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 0.093% in total (about 4.9% 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 | edgeX TRXUSDC | 0.3486 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $594K | $465K | 20x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3491 | 0.0742 | get 0.0093% / 1h | 31m 55s | $844K | $537K | 25x |
edgeX TRXUSDC
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against edgeX. 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
- $134.84
- Price spread: +0.152% → +0.094%
- $5.81
- Slippage, 4 orders
- −$6.01
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $118.64
- Costs to cover
- 0.220%
- Break-even
- 0.8 days
Slippage from edgeX: live order book, 22 min ago; Deribit: live order book, 22 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 edgeX live order book, 22 min ago | 0.72 bp | 5.2 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 22 min ago | 2.15 bp | 5.7 bp −$6 | doesn't fit | 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 | +0.034% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3487 | +0.048% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3487 | +0.047% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.040% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.283% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3482 | −0.113% | — | $32.8M | — | as long as short |
| HTX TRX-USDT | +0.0082% | 8h | 0.3485 | −0.015% | $826K | $887K | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | +0.042% | $486K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3487 | +0.038% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3488 | +0.054% | $15K | $56K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
HTX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3490 | +0.131% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3482 | −0.095% | $965K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3481 | −0.124% | $106.2M | $60.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3481 | −0.136% | $53.8M | $11.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3482 | −0.118% | $15.6M | $10.1M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3483 | −0.087% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | −0.104% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3484 | −0.052% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | −0.124% | $10.5M | $3.4M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3485 | −0.018% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.024% | $570K | $37K | — | as long as short |
| edgeX TRXUSDClong | +0.0100% | 4h | 0.3486 | long leg | $594K | $465K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | −0.047% | $116K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.013% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3488 | +0.051% | $412 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3487 | +0.048% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.144% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3486 | −0.005% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3488 | +0.071% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.037% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0405% / S −0.0481% | 1h | 0.3487 | +0.027% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0742% | 1h | 0.3491 | +0.152% | $844K | $537K | 25x |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
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]