Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.015%
Price spread now: Bybit against gTrade (Gains Network)−0.033%7-day average −0.045% · 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−$285as in the Price arb table
costs, in and out, $10k−$2862.863% of the position
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.033%, 7d avg −0.045%
=The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3445 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 28m 03s | $121K | — | 150x |
| Short | Bybit TRXUSDT | 0.3444 | −0.0020 | pay 0.0020% / 8h | 28m 03s | $54.7M | $8.0M | 75x |
gTrade (Gains Network) TRX/USD
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$4.82
- Price spread: −0.033% → −0.045%
- $1.25
- Slippage, 4 orders
- −$265.34
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$289.91
- Costs to cover
- 2.863%
- Break-even
- never at this rate
Slippage from gTrade (Gains Network): virtual book (oracle venue), 51 min ago; Bybit: live order book, 1 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), 51 min ago | 130.02 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Bybit live order book, 1 min ago | 1.45 bp | 9.4 bp −$9 | 12.1 bp −$121 | 49.4 bp −$4,942 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.120% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | −0.047% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0092% | 8h | 0.3443 | −0.053% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0074% | 1h | 0.3443 | −0.050% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3445 | −0.007% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0038% | 8h | 0.3443 | −0.059% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0023% | 8h | 0.3443 | −0.072% | $827K | $729K | 75x | as long as short |
| Bybit TRXUSDTshort | −0.0020% | 8h | 0.3444 | −0.033% | $54.7M | $8.0M | 75x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | +0.009% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3445 | long leg | $121K | — | 150x |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0019% | 8h | 0.3444 | −0.036% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0031% | 8h | 0.3444 | −0.033% | $18.2M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0032% | 8h | 0.3444 | −0.033% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0032% | 1h | 0.3443 | −0.054% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0060% | 8h | 0.3445 | −0.012% | $956K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.002% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0069% | 8h | 0.3444 | −0.045% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0084% | 8h | 0.3444 | −0.027% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3443 | −0.047% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3442 | −0.079% | $33K | — | 3x | as long as short |
| SoDEX TRX-USD | +0.0090% | 1h | 0.3444 | −0.036% | $404 | $5K | 5x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3444 | −0.044% | $14K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3444 | −0.042% | $482K | $630K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.019% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | −0.033% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.044% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | −0.063% | $588K | $433K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3444 | −0.021% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | −0.006% | $196K | $924K | 30x | as long as short |
| BloFin TRX-USDT | +0.0125% | 8h | 0.3444 | −0.036% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | −0.011% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0519% | 1h | 0.3448 | +0.081% | $830K | $414K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Aster TRXUSDT
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
SoDEX TRX-USD
Orderly PERP_TRX_USDC
Lighter TRX
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL