Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against Gate+0.012%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days−0.024%−$2 · spread now +0.012%, 7d avg −0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.030% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3465 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $9.7M | $2.5M | 75x |
| Short | Bybit TRXUSDT | 0.3466 | 0.0100 | get 0.0100% / 8h | 6h 51m | $55.1M | $8.9M | 75x |
Gate TRX_USDT
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.012% → −0.018%
- $2.96
- Slippage, 4 orders
- −$13.15
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.19
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 1.01 bp | 11.8 bp −$12 | 24.9 bp −$249 | 35.6 bp −$3,558 | 61.7 bp −$30.9K |
| Sell Bybit live order book, 3 min ago | 1.44 bp | 6.9 bp −$7 | 8.3 bp −$83 | 25.0 bp −$2,495 | 186.1 bp −$93.1K |
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 | 0.3465 | −0.015% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0049% | 8h | 0.3465 | −0.012% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3463 | −0.075% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.036% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3465 | −0.005% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0016% | 1h | 0.3464 | −0.040% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.698% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3463 | −0.066% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3465 | −0.014% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | −0.035% | $485K | $618K | 10x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.038% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3464 | −0.041% | $957K | $668K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3465 | −0.012% | $101.7M | $49.8M | 75x | as long as short |
| Bybit TRXUSDTshort | +0.0100% | 8h | 0.3466 | +0.012% | $55.1M | $8.9M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3465 | −0.006% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDTlong | +0.0100% | 8h | 0.3465 | long leg | $9.7M | $2.5M | 75x | |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3465 | −0.014% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3466 | +0.020% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3465 | −0.012% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3465 | −0.007% | $565K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.056% | $591K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | −0.058% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.111% | $197K | $996K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3465 | −0.006% | $403 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3464 | −0.042% | $833K | $790K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3465 | −0.014% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3464 | −0.023% | $197K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3463 | −0.056% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | 0.000% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3465 | −0.013% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3466 | +0.011% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0607% | 1h | 0.3468 | +0.087% | $786K | $424K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL