Funding you earn now, next payment 23:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h −0.010%
Price spread now: Binance against gTrade (Gains Network)−0.022%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2812.814% of the position
Funding, last 3 days (all we have)+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.022%, 7d avg −0.020%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3443 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 43m 02s | $121K | — | 150x |
| Short | Binance TRXUSDT | 0.3442 | 0.0009 | get 0.0009% / 8h | 1h 43m | $99.3M | $48.5M | 75x |
gTrade (Gains Network) TRX/USD
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against gTrade (Gains Network). 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
- $1.16
- Price spread: −0.022% → −0.020%
- −$0.18
- Slippage, 4 orders
- −$261.39
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$280.4
- Costs to cover
- 2.814%
- Break-even
- 1693.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 min ago; Binance: live order book, 15 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 gTrade (Gains Network) virtual book (oracle venue), 41 min ago | 130.01 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Binance live order book, 15 min ago | 0.14 bp | 5.9 bp −$6 | 10.4 bp −$104 | 39.6 bp −$3,956 | 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 | 0.3441 | −0.041% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.051% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0085% | 8h | 0.3439 | −0.104% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0077% | 8h | 0.3441 | −0.051% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.010% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0033% | 1h | 0.3441 | −0.042% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0026% | 8h | 0.3441 | −0.040% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3441 | −0.063% | $826K | $715K | 75x | as long as short |
| Aster TRXUSDT | −0.0019% | 8h | 0.3443 | +0.004% | $952K | $656K | 75x | as long as short |
| SoDEX TRX-USD | −0.0010% | 1h | 0.3442 | −0.034% | $405 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
Aster TRXUSDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3441 | −0.042% | $482K | $637K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | −0.001% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3442 | −0.037% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3443 | long leg | $121K | — | 150x | |
| Extended TRX-USD | +0.0008% | 1h | 0.3441 | −0.047% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0008% | 8h | 0.3442 | −0.025% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDTshort | +0.0009% | 8h | 0.3442 | −0.022% | $99.3M | $48.5M | 75x | |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.015% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0034% | 8h | 0.3441 | −0.042% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3441 | −0.040% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3442 | −0.022% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.085% | $33K | — | 3x | as long as short |
| BingX TRX-USDC | +0.0089% | 8h | 0.3441 | −0.051% | — | $6.5M | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.042% | $14K | $107K | 20x | as long as short |
| Bitget TRXUSDT | +0.0093% | 8h | 0.3442 | −0.016% | $9.4M | $2.1M | 75x | as long as short |
| Gate TRX_USDT | +0.0094% | 8h | 0.3442 | −0.037% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.019% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.053% | $587K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.037% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.015% | $196K | $916K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0281% | 1h | 0.3445 | +0.074% | $833K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | 0.000% | $20K | — | 100x | as long as short |
Lighter TRX
dYdX TRX-USD
OKX TRX-USDT-SWAP
Extended TRX-USD
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
BingX TRX-USDC
Orderly PERP_TRX_USDC
Bitget TRXUSDT
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]