Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.051%
Price spread now: dYdX against Injective+0.050%7-day average +0.239% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.050%, 7d avg +0.239%
=Funding pays, the price is against you. dYdX is 0.189% cheaper against Injective than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.239%). If the spread goes back, that is −$19 on $10k: about 5.2 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TRX/USDC PERP | 0.3441 | −0.0120 | get 0.0015% / 1h | 42m 56s | $1K | $163K | 12x |
| Short | dYdX TRX-USD | 0.3443 | 0 | get 0.0000% / 1h | 42m 56s | $181K | $10K | 10x |
Injective TRX/USDC PERP
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $25.3
- Price spread: +0.050% → +0.239%
- −$18.86
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$3.59
- Costs to cover
- 0.100%
- Break-even
- 8.0 days
Slippage unknown: Injective: no order-book sample; dYdX: live order book, 41 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 dYdX live order book, 41 min ago | 63.38 bp | 68.7 bp −$69 | 123.7 bp −$1,237 | 181.6 bp −$18.2K | 624.0 bp −$312.0K |
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 | 0.3441 | +0.010% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERPlong | −0.0120% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| Variational Omni TRX | −0.0085% | 8h | 0.3439 | −0.053% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0077% | 8h | 0.3441 | 0.000% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.041% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0033% | 1h | 0.3441 | +0.009% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0026% | 8h | 0.3441 | +0.012% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3441 | −0.012% | $826K | $715K | 75x | as long as short |
| Aster TRXUSDT | −0.0019% | 8h | 0.3443 | +0.059% | $953K | $656K | 75x | as long as short |
| SoDEX TRX-USD | −0.0010% | 1h | 0.3442 | +0.017% | $405 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
Aster TRXUSDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3441 | +0.009% | $482K | $637K | 10x | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3443 | +0.050% | $181K | $10K | 10x | |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3442 | +0.017% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.051% | $121K | — | 150x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3441 | +0.005% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0008% | 8h | 0.3442 | +0.041% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0009% | 8h | 0.3442 | +0.039% | $99.3M | $48.5M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.066% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0034% | 8h | 0.3441 | +0.009% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3441 | +0.011% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3442 | +0.029% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.033% | $33K | — | 3x | as long as short |
| BingX TRX-USDC | +0.0089% | 8h | 0.3442 | +0.023% | — | $6.5M | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | +0.009% | $14K | $107K | 20x | as long as short |
| Bitget TRXUSDT | +0.0093% | 8h | 0.3442 | +0.023% | $9.4M | $2.1M | 75x | as long as short |
| Gate TRX_USDT | +0.0094% | 8h | 0.3442 | +0.017% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.070% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.002% | $587K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | +0.015% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.067% | $196K | $916K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0281% | 1h | 0.3445 | +0.125% | $833K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | +0.051% | $20K | — | 100x | as long as short |
Lighter TRX
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
BingX TRX-USDC
Orderly PERP_TRX_USDC
Bitget TRXUSDT
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]