Funding you earn now, next payment 08:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.040%
Price spread now: Injective against HTX−1.287%7-day average −0.236% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.488%+$49 on $10k
+Price spread, last 4 days (all we have)+1.331%+$133 · spread now −1.287%, 7d avg −0.236%
=Funding pays, the price is against you. Injective is 1.052% cheaper against HTX than usual: you would sell low and buy high (spread −1.287% now, against its 7-day average of −0.236%). If the spread goes back, that is −$105 on $10k: about 34 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.488% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TRX-USDT | 0.3486 | −0.0070 | get 0.0070% / 8h | 59m 11s | $834K | $944K | 75x |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 59m 11s | $1K | $163K | 12x |
HTX TRX-USDT
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $21.6
- Price spread: −1.287% → −0.236%
- −$105.17
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$95.59
- Costs to cover
- 0.120%
- Break-even
- 38.0 days
Slippage unknown: HTX: live order book, 44 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 HTX live order book, 44 min ago | 2.42 bp | 12.3 bp −$12 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| 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 | 0.3486 | −0.010% | $5 | — | 20x | as long as short |
| HTX TRX-USDTlong | −0.0070% | 8h | 0.3486 | long leg | $834K | $944K | 75x | |
| SoDEX TRX-USD | −0.0026% | 1h | 0.3486 | −0.005% | $410 | $5K | 5x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3486 | +0.014% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3487 | +0.041% | $5K | $13K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.036% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −1.287% | $1K | $163K | 12x | |
| BingX TRX-USDC | +0.0070% | 8h | 0.3487 | +0.024% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3486 | −0.002% | $487K | $670K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3486 | +0.007% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
SoDEX TRX-USD
dYdX TRX-USD
Phoenix TRX
gTrade (Gains Network) TRX/USD
BingX TRX-USDC
Lighter TRX
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3486 | −0.005% | $14K | $60K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3489 | +0.104% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3484 | −0.047% | $972K | $712K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3486 | −0.005% | $107.4M | $62.6M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3486 | +0.004% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3486 | +0.004% | $15.6M | $10.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3487 | +0.024% | $9.6M | $3.2M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | +0.021% | $19.6M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3487 | +0.032% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3486 | +0.001% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | +0.004% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.028% | $570K | $33K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3485 | −0.020% | $594K | $461K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3488 | +0.047% | $116K | $590K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.041% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3487 | +0.018% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | −0.032% | $209K | $708K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3485 | −0.038% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.030% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0295% | 1h | 0.3487 | +0.019% | $2.4M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3487 | +0.037% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0757% | 1h | 0.3491 | +0.140% | $908K | $688K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL