Funding you earn now, next payment 01:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.073%
Price spread now: dYdX against KuCoin−0.008%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1711.706% of the position
Funding, last 7 days+0.503%+$50 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.008%, 7d avg +0.025%
=Funding pays, the price is against you. dYdX is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.025%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.503% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TRXUSDTM | 0.3447 | −0.0088 | get 0.0088% / 8h | 7h 56m | $8.7M | $3.6M | 75x |
| Short | dYdX TRX-USD | 0.3447 | 0 | get 0.0000% / 1h | 56m 07s | $181K | $10K | 10x |
KuCoin TRXUSDTM
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against KuCoin. 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
- $18.48
- Price spread: −0.008% → +0.025%
- −$3.29
- Slippage, 4 orders
- −$148.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$155.43
- Costs to cover
- 1.706%
- Break-even
- 65.9 days
Slippage from KuCoin: live order book, 2 min ago; dYdX: live order book, 18 min ago.
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 KuCoin live order book, 2 min ago | 0.14 bp | 15.5 bp −$15 | 115.7 bp −$1,157 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 18 min ago | 64.67 bp | 70.0 bp −$70 | 180.8 bp −$1,808 | 279.6 bp −$28.0K | 756.0 bp −$378.0K |
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 | 0.3446 | −0.026% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTMlong | −0.0088% | 8h | 0.3447 | long leg | $8.7M | $3.6M | 75x | |
| Phoenix TRX | −0.0070% | 1h | 0.3446 | −0.026% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0004% | 8h | 0.3446 | −0.034% | $563K | $36K | — | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3447 | −0.008% | $181K | $10K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3449 | +0.041% | $121K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.180% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0041% | 8h | 0.3448 | +0.032% | $15.6M | $8.9M | 50x | as long as short |
| Backpack TRX_USDC_PERP | +0.0044% | 1h | 0.3447 | −0.009% | $58K | $4K | 10x | as long as short |
| MEXC TRX_USDT | +0.0044% | 8h | 0.3448 | +0.009% | $18.3M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
Variational Omni TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
OKX TRX-USDT-SWAP
Backpack TRX_USDC_PERP
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0045% | 8h | 0.3448 | +0.017% | $99.7M | $48.5M | 75x | as long as short |
| Extended TRX-USD | +0.0048% | 1h | 0.3447 | −0.008% | $196K | $1.1M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0079% | 8h | 0.3446 | −0.021% | $9K | $385 | 20x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3446 | −0.042% | $33K | — | 3x | as long as short |
| HTX TRX-USDT | +0.0090% | 8h | 0.3447 | −0.020% | $828K | $734K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3447 | 0.000% | $14K | $107K | 20x | as long as short |
| Aster TRXUSDT | +0.0094% | 8h | 0.3448 | +0.014% | $957K | $660K | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3447 | 0.000% | $482K | $628K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3449 | +0.052% | $13.2M | $2.2M | 10x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3447 | −0.006% | $54.7M | $8.0M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3448 | +0.020% | $9.6M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3447 | −0.009% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3448 | +0.017% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3445 | −0.053% | $589K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3446 | −0.046% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3447 | +0.003% | $196K | $939K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3448 | +0.017% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3447 | −0.003% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0164% | 8h | 0.3447 | −0.015% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3450 | +0.082% | $2.1M | $1.2M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3448 | +0.020% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0478% | 1h | 0.3451 | +0.111% | $833K | $417K | 25x | as long as short |
Binance TRXUSDT
Extended TRX-USD
Paradex TRX-USD-PERP
Aevo TRX-PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Aster TRXUSDT
Lighter TRX
Hyperliquid TRX
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL