Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against Gate−0.003%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.275% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.003%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, 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 | 0.3450 | 0.0094 | pay 0.0094% / 8h | 7h 42m | $9.6M | $2.4M | 75x |
| Short | MEXC TRX_USDT | 0.3450 | 0.0055 | get 0.0055% / 8h | 7h 42m | $18.3M | $1.9M | 200x |
Gate TRX_USDT
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$8.19
- Price spread: −0.003% → +0.003%
- −$0.59
- Slippage, 4 orders
- −$8.49
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$36.27
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; MEXC: 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 Gate live order book, 1 min ago | 0.73 bp | 12.5 bp −$12 | 26.3 bp −$263 | 37.2 bp −$3,722 | 63.8 bp −$31.9K |
| Sell MEXC live order book, 1 min ago | 0.14 bp | 2.2 bp −$2 | 2.6 bp −$26 | 16.4 bp −$1,644 | 36.5 bp −$18.2K |
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 | 0.3449 | −0.024% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3450 | −0.014% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3449 | −0.032% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | +0.002% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.030% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0009% | 8h | 0.3447 | −0.097% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.270% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3449 | −0.029% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0052% | 8h | 0.3451 | +0.012% | $15.6M | $8.4M | 50x | as long as short |
| MEXC TRX_USDTshort | +0.0055% | 8h | 0.3450 | −0.003% | $18.3M | $1.9M | 200x |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0056% | 1h | 0.3449 | −0.029% | $194K | $1.3M | 25x | as long as short |
| Binance TRXUSDT | +0.0057% | 8h | 0.3450 | 0.000% | $100.0M | $47.6M | 75x | as long as short |
| HTX TRX-USDT | +0.0083% | 8h | 0.3449 | −0.049% | $828K | $736K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0084% | 8h | 0.3450 | −0.007% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3450 | −0.009% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDTlong | +0.0094% | 8h | 0.3450 | long leg | $9.6M | $2.4M | 75x | |
| Lighter TRX | +0.0096% | 1h | 0.3450 | −0.009% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | −0.056% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.055% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3451 | +0.010% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3450 | −0.009% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | −0.009% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3450 | −0.014% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3448 | −0.069% | $589K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.017% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.040% | $196K | $937K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3450 | −0.003% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3452 | +0.035% | $2.1M | $1.3M | 25x | as long as short |
| BloFin TRX-USDT | +0.0176% | 8h | 0.3450 | −0.009% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | +0.015% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0428% | 1h | 0.3454 | +0.097% | $834K | $417K | 25x | as long as short |
Extended TRX-USD
Binance TRXUSDT
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL