Funding you earn now, next payment 23:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h −0.054%
Price spread now: HTX against Injective−0.062%65s7-day average +0.176% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.492%−$49 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now −0.062%, 7d avg +0.176%
=Funding pays, the price is against you. HTX is 0.238% cheaper against Injective than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.176%). If the spread goes back, that is −$24 on $10k: about 8.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.492%, so the current rate has only just turned in your favour. The two prices were read 65 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 | −0.0120 | get 0.0015% / 1h | 10m 13s | $1K | $163K | 12x |
| Short | HTX TRX-USDT | 0.3439 | −0.0022 | pay 0.0022% / 8h | 1h 10m | $825K | $720K | 75x |
Injective TRX/USDC PERP
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $20.65
- Price spread: −0.062% → +0.176%
- −$23.81
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$15.17
- Costs to cover
- 0.120%
- Break-even
- 12.1 days
Slippage unknown: Injective: no order-book sample; HTX: live order book, 8 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 HTX live order book, 8 min ago | 4.30 bp | 10.3 bp −$10 | 17.3 bp −$173 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3439 | −0.056% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERPlong | −0.0120% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| KuCoin TRXUSDTM | −0.0073% | 8h | 0.3438 | −0.076% | $8.7M | $3.6M | 75x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | −0.057% | $562K | $38K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | 0.000% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | −0.058% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0026% | 1h | 0.3440 | −0.017% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDTshort | −0.0022% | 8h | 0.3439 | −0.062% | $825K | $720K | 75x | |
| OKX TRX-USDT-SWAP | −0.0003% | 8h | 0.3440 | −0.041% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.041% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | −0.004% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3439 | −0.055% | $482K | $637K | 10x | as long as short |
| MEXC TRX_USDT | +0.0015% | 8h | 0.3440 | −0.041% | $18.2M | $1.7M | 200x | as long as short |
| Aster TRXUSDT | +0.0015% | 8h | 0.3440 | −0.020% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3439 | −0.063% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0017% | 8h | 0.3440 | −0.030% | $99.3M | $48.2M | 75x | as long as short |
| SoDEX TRX-USD | +0.0020% | 1h | 0.3440 | −0.041% | $403 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | −0.007% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0039% | 8h | 0.3439 | −0.052% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0064% | 8h | 0.3440 | −0.032% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3440 | −0.029% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3439 | −0.044% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.093% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3439 | −0.049% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.012% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | −0.049% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3440 | −0.038% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | −0.047% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.012% | $115K | $550K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.012% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | −0.006% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0511% | 1h | 0.3444 | +0.082% | $832K | $411K | 25x | as long as short |
gTrade (Gains Network) TRX/USD
Lighter TRX
MEXC TRX_USDT
Aster TRXUSDT
Extended TRX-USD
Binance TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL