Funding you earn now, next payment 01:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.026%
Price spread now: Orderly against Injective+0.267%7-day average +0.206% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.267%, 7d avg +0.206%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.062% dearer against Injective than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.206%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TRX/USDC PERP | 0.3441 | 0.0033 | pay 0.0004% / 1h | 40m 49s | $1K | $163K | 12x |
| Short | Orderly PERP_TRX_USDC | 0.3450 | 0.0091 | get 0.0091% / 8h | 7h 40m | $14K | $107K | 20x |
Injective TRX/USDC PERP
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $12.14
- Price spread: +0.267% → +0.206%
- $6.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $12.28
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Orderly: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Injective and Orderly: 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 | 0.3449 | +0.247% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0088% | 8h | 0.3450 | +0.262% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3451 | +0.294% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | +0.273% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3451 | +0.303% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0014% | 8h | 0.3449 | +0.231% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERPlong | +0.0033% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| Backpack TRX_USDC_PERP | +0.0038% | 1h | 0.3450 | +0.256% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0052% | 8h | 0.3451 | +0.279% | $15.6M | $8.4M | 50x | as long as short |
| Extended TRX-USD | +0.0056% | 1h | 0.3449 | +0.245% | $194K | $1.3M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0057% | 8h | 0.3451 | +0.276% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0058% | 8h | 0.3450 | +0.273% | $100.0M | $47.5M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0084% | 8h | 0.3450 | +0.260% | $9K | $385 | 20x | as long as short |
| HTX TRX-USDT | +0.0085% | 8h | 0.3448 | +0.211% | $829K | $736K | 75x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0091% | 8h | 0.3450 | +0.267% | $14K | $107K | 20x | |
| Gate TRX_USDT | +0.0092% | 8h | 0.3450 | +0.270% | $9.6M | $2.4M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3450 | +0.264% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3448 | +0.213% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3452 | +0.325% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3451 | +0.277% | $957K | $657K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3450 | +0.262% | $54.8M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | +0.256% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3450 | +0.270% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3449 | +0.244% | $589K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | +0.253% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | +0.237% | $196K | $936K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3450 | +0.273% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | +0.279% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3453 | +0.335% | $2.1M | $1.3M | 25x | as long as short |
| BloFin TRX-USDT | +0.0178% | 8h | 0.3450 | +0.267% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | +0.284% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0509% | 1h | 0.3454 | +0.375% | $834K | $417K | 25x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
Paradex TRX-USD-PERP
HTX TRX-USDT
Gate TRX_USDT
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL