Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h −0.001%
Price spread now: Injective against gTrade (Gains Network)−0.527%55s7-day average −0.234% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 3 days (all we have)+0.490%+$49 · spread now −0.527%, 7d avg −0.234%
=Funding pays, the price is against you. Injective is 0.293% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.527% now, against its 7-day average of −0.234%). If the spread goes back, that is −$29 on $10k: about 32 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.012% in total) that is about 3 months. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3459 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 14m 09s | $122K | — | 150x |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 14m 09s | $1K | $163K | 12x |
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $6.35
- Price spread: −0.527% → −0.234%
- −$29.35
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$33.02
- Costs to cover
- 0.100%
- Break-even
- 43.4 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 60 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 gTrade (Gains Network) virtual book (oracle venue), 60 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 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 | 0.3458 | −0.049% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0086% | 8h | 0.3459 | −0.007% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.067% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3458 | −0.024% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3459 | long leg | $122K | — | 150x | |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −0.527% | $1K | $163K | 12x | |
| Backpack TRX_USDC_PERP | +0.0041% | 1h | 0.3458 | −0.041% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0057% | 8h | 0.3455 | −0.123% | $564K | $37K | — | as long as short |
| MEXC TRX_USDT | +0.0083% | 8h | 0.3459 | −0.015% | $18.5M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0085% | 8h | 0.3458 | −0.030% | $100.8M | $48.3M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
Backpack TRX_USDC_PERP
Variational Omni TRX
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0088% | 8h | 0.3458 | −0.050% | $831K | $769K | 75x | as long as short |
| Extended TRX-USD | +0.0088% | 1h | 0.3457 | −0.057% | $194K | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3458 | −0.041% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3458 | −0.030% | $15K | $107K | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.0093% | 8h | 0.3459 | −0.010% | $15.5M | $8.4M | 50x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3458 | −0.036% | $484K | $630K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3461 | +0.042% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3459 | −0.006% | $957K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3459 | −0.007% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3459 | −0.004% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3459 | −0.004% | $9.7M | $2.5M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.027% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3455 | −0.112% | $590K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3456 | −0.085% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3455 | −0.125% | $196K | $957K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3458 | −0.027% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3458 | −0.021% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3456 | −0.085% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3460 | +0.026% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0203% | 8h | 0.3458 | −0.047% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3459 | −0.014% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0470% | 1h | 0.3462 | +0.079% | $847K | $421K | 25x | as long as short |
HTX TRX-USDT
Extended TRX-USD
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
OKX TRX-USDT-SWAP
Lighter TRX
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL