Funding you earn now, next payment 01:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h +0.002%
Price spread now: Injective against Extended−0.238%7-day average −0.168% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.238%, 7d avg −0.168%
=Together, before fees+0.498%+ Points / potential airdropExtended: Active · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.070% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.168%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.251%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3449 | 0.0056 | pay 0.0007% / 1h | 42m 44s | $194K | $1.2M | 25x |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 42m 44s | $1K | $163K | 12x |
Extended TRX-USD
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$4.76
- Price spread: −0.238% → −0.168%
- −$6.96
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$16.74
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 Extended live order book, 1 min ago | 0.14 bp | 3.5 bp −$4 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.3449 | +0.001% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3449 | +0.006% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3449 | 0.000% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | +0.034% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.062% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0009% | 8h | 0.3447 | −0.065% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −0.238% | $1K | $163K | 12x | |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3449 | +0.003% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0050% | 8h | 0.3451 | +0.038% | $15.6M | $8.4M | 50x | as long as short |
| MEXC TRX_USDT | +0.0055% | 8h | 0.3450 | +0.032% | $18.3M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USDlong | +0.0056% | 1h | 0.3449 | long leg | $194K | $1.2M | 25x | |
| Binance TRXUSDT | +0.0057% | 8h | 0.3450 | +0.036% | $100.0M | $47.7M | 75x | as long as short |
| HTX TRX-USDT | +0.0083% | 8h | 0.3449 | −0.017% | $828K | $736K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0084% | 8h | 0.3450 | +0.025% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3450 | +0.023% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0094% | 8h | 0.3450 | +0.026% | $9.6M | $2.4M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3450 | +0.023% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | −0.026% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.084% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3450 | +0.025% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3450 | +0.017% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | +0.023% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3450 | +0.029% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3448 | −0.037% | $589K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | +0.014% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.007% | $196K | $936K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3450 | +0.026% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | +0.043% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3452 | +0.080% | $2.1M | $1.3M | 25x | as long as short |
| BloFin TRX-USDT | +0.0176% | 8h | 0.3450 | +0.023% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3451 | +0.044% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0431% | 1h | 0.3453 | +0.123% | $834K | $417K | 25x | as long as short |
Binance TRXUSDT
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Gate TRX_USDT
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL