Funding you earn now, next payment 00:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.110%
Price spread now: Deribit against HTX+0.155%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days+0.436%+$44 on $10k
+Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.155%, 7d avg +0.108%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Deribit is 0.047% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TRX-USDT | 0.3443 | −0.0025 | get 0.0025% / 8h | 31m 40s | $827K | $728K | 75x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3448 | 0.0458 | get 0.0057% / 1h | 31m 40s | $830K | $414K | 25x |
HTX TRX-USDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against HTX. 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
- $101.57
- Price spread: +0.155% → +0.108%
- $4.69
- Slippage, 4 orders
- −$12.71
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $74.56
- Costs to cover
- 0.317%
- Break-even
- 1.9 days
Slippage from HTX: live order book, 47 min ago; Deribit: live order book, 47 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 HTX live order book, 47 min ago | 4.30 bp | 10.9 bp −$11 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 0.73 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | 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 | −0.044% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | +0.013% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3444 | +0.032% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0083% | 1h | 0.3443 | +0.026% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3445 | +0.067% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0040% | 8h | 0.3442 | −0.011% | $563K | $36K | — | as long as short |
| HTX TRX-USDTlong | −0.0025% | 8h | 0.3443 | long leg | $827K | $728K | 75x | |
| Bybit TRXUSDT | −0.0021% | 8h | 0.3443 | +0.015% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | +0.086% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.073% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0015% | 8h | 0.3444 | +0.038% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0029% | 8h | 0.3444 | +0.049% | $18.2M | $1.8M | 200x | as long as short |
| Binance TRXUSDT | +0.0030% | 8h | 0.3444 | +0.052% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0032% | 1h | 0.3443 | +0.021% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0055% | 8h | 0.3445 | +0.059% | $956K | $659K | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.075% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0066% | 8h | 0.3444 | +0.030% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0084% | 8h | 0.3444 | +0.032% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0085% | 8h | 0.3444 | +0.038% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3442 | −0.015% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3443 | +0.020% | $14K | $107K | 20x | as long as short |
| SoDEX TRX-USD | +0.0095% | 1h | 0.3444 | +0.038% | $404 | $5K | 5x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3444 | +0.032% | $482K | $630K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | +0.093% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | +0.032% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.020% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3444 | +0.034% | $588K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3445 | +0.073% | $115K | $564K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.059% | $196K | $923K | 30x | as long as short |
| BloFin TRX-USDT | +0.0116% | 8h | 0.3443 | +0.015% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3445 | +0.061% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0458% | 1h | 0.3448 | +0.155% | $830K | $414K | 25x |
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
Orderly PERP_TRX_USDC
SoDEX TRX-USD
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]