Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +20.0% APRpaid last 24h −0.011%
Price spread now: Binance against Injective+0.073%77s7-day average +0.214% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.237%−$24 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.073%, 7d avg +0.214%
=Funding pays, the price is against you. Binance is 0.141% cheaper against Injective than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.214%). If the spread goes back, that is −$14 on $10k: about 2.6 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.237%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TRX/USDC PERP | 0.3441 | −0.0146 | get 0.0018% / 1h | 10m 01s | $1K | $163K | 12x |
| Short | Binance TRXUSDT | 0.3443 | 0.0037 | get 0.0037% / 8h | 10m 01s | $99.3M | $47.8M | 75x |
Injective TRX/USDC PERP
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $38.32
- Price spread: +0.073% → +0.214%
- −$14.13
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $14.17
- Costs to cover
- 0.100%
- Break-even
- 4.4 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 3 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 3 min ago | 0.14 bp | 6.4 bp −$6 | 9.6 bp −$96 | 30.8 bp −$3,082 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERPlong | −0.0146% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3443 | +0.051% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0094% | 8h | 0.3443 | +0.061% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0075% | 1h | 0.3443 | +0.061% | $58K | $4K | 10x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.090% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0023% | 8h | 0.3442 | +0.029% | $563K | $36K | — | as long as short |
| HTX TRX-USDT | −0.0019% | 8h | 0.3443 | +0.058% | $827K | $732K | 75x | as long as short |
| Bybit TRXUSDT | −0.0012% | 8h | 0.3443 | +0.049% | $54.6M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3444 | +0.098% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.099% | $121K | — | 150x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
Phoenix TRX
Variational Omni TRX
HTX TRX-USDT
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 | +0.0028% | 8h | 0.3443 | +0.061% | $15.6M | $8.8M | 50x | as long as short |
| MEXC TRX_USDT | +0.0036% | 8h | 0.3443 | +0.073% | $18.2M | $1.9M | 200x | as long as short |
| Binance TRXUSDTshort | +0.0037% | 8h | 0.3443 | +0.073% | $99.3M | $47.8M | 75x | |
| Extended TRX-USD | +0.0040% | 1h | 0.3442 | +0.036% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3445 | +0.107% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0074% | 8h | 0.3443 | +0.049% | $9K | $385 | 20x | as long as short |
| Aster TRXUSDT | +0.0077% | 8h | 0.3444 | +0.082% | $956K | $660K | 75x | as long as short |
| Lighter TRX | +0.0080% | 1h | 0.3443 | +0.058% | $482K | $630K | 10x | as long as short |
| Gate TRX_USDT | +0.0082% | 8h | 0.3443 | +0.070% | $9.6M | $2.5M | 75x | as long as short |
| SoDEX TRX-USD | +0.0085% | 1h | 0.3443 | +0.070% | $399 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0085% | 8h | 0.3444 | +0.076% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | +0.013% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3443 | +0.052% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3445 | +0.122% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3443 | +0.067% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.058% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3443 | +0.053% | $588K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3444 | +0.078% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.085% | $196K | $927K | 30x | as long as short |
| BloFin TRX-USDT | +0.0147% | 8h | 0.3443 | +0.064% | $4.6M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3444 | +0.078% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0519% | 1h | 0.3447 | +0.175% | $832K | $417K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Extended TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
Aster TRXUSDT
Lighter TRX
Gate TRX_USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL