Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.025%
Price spread now: BloFin against Gate+0.009%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.009%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, 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 | Gate TRX_USDT | 0.3440 | 0.0100 | pay 0.0100% / 8h | 2h 58m | $9.7M | $2.4M | 75x |
| Short | BloFin TRX-USDT | 0.3440 | 0.0119 | get 0.0119% / 8h | 2h 58m | $4.6M | $4.0M | 50x |
Gate TRX_USDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- Price spread: +0.009% → +0.004%
- $0.47
- Slippage, 4 orders
- −$9.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$32.46
- Costs to cover
- 0.369%
- Break-even
- 63.7 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 5 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 Gate live order book, 5 min ago | 0.29 bp | 11.2 bp −$11 | 24.6 bp −$246 | 34.6 bp −$3,461 | 61.4 bp −$30.7K |
| Sell BloFin live order book, 5 min ago | 0.14 bp | 7.8 bp −$8 | 10.1 bp −$101 | 24.1 bp −$2,412 | 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 | 0.3439 | −0.007% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0094% | 8h | 0.3439 | −0.017% | $54.7M | $8.2M | 75x | as long as short |
| BingX TRX-USDT | −0.0093% | 8h | 0.3439 | −0.006% | — | $38.1M | — | as long as short |
| Variational Omni TRX | −0.0081% | 8h | 0.3439 | −0.030% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.058% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | −0.009% | $951K | $636K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0052% | 1h | 0.3440 | +0.003% | $58K | $7K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | +0.012% | $1K | $89K | 12x | as long as short |
| HTX TRX-USDT | −0.0038% | 8h | 0.3439 | −0.019% | $826K | $704K | 75x | as long as short |
| SoDEX TRX-USD | −0.0011% | 1h | 0.3440 | 0.000% | $404 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
BingX TRX-USDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | −0.0001% | 8h | 0.3440 | 0.000% | $99.3M | $49.8M | 75x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3439 | −0.006% | $483K | $628K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.031% | $181K | $10K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.020% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3440 | +0.012% | $17.2M | $1.6M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.054% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0013% | 8h | 0.3439 | −0.006% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0048% | 8h | 0.3439 | −0.003% | $9K | $385 | 20x | as long as short |
| Bitget TRXUSDT | +0.0064% | 8h | 0.3440 | +0.003% | $9.4M | $2.1M | 75x | as long as short |
| KuCoin TRXUSDTM | +0.0075% | 8h | 0.3438 | −0.032% | $8.7M | $3.6M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.039% | $33K | — | 3x | as long as short |
| Phemex TRXUSDT | +0.0081% | 8h | 0.3440 | +0.015% | $3.8M | $1.7M | 50x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3440 | +0.023% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.066% | $1.9M | $994K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.070% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDTlong | +0.0100% | 8h | 0.3440 | long leg | $9.7M | $2.4M | 75x | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | +0.018% | $587K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.047% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.069% | $196K | $915K | 30x | as long as short |
| BloFin TRX-USDTshort | +0.0119% | 8h | 0.3440 | +0.009% | $4.6M | $4.0M | 50x | |
| Deribit TRX_USDC-PERPETUAL | +0.0322% | 1h | 0.3444 | +0.115% | $828K | $409K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0350% / S −0.0367% | 1h | 0.3441 | +0.039% | $19K | — | 100x | as long as short |
Binance TRXUSDT
Lighter TRX
dYdX TRX-USD
Extended TRX-USD
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Bitget TRXUSDT
KuCoin TRXUSDTM
Aevo TRX-PERP
Phemex TRXUSDT
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]