Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Bybit against MEXC−0.023%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$190.192% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.023%, 7d avg −0.021%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TRX_USDT | 0.3488 | 0.0100 | pay 0.0100% / 8h | 3h 32m | $19.0M | $2.2M | 200x |
| Short | Bybit TRXUSDT | 0.3487 | 0.0100 | get 0.0100% / 8h | 3h 32m | $53.9M | $11.8M | 75x |
MEXC TRX_USDT
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against MEXC. 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
- $0
- Price spread: −0.023% → −0.021%
- −$0.24
- Slippage, 4 orders
- −$4.2
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$19.44
- Costs to cover
- 0.192%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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 MEXC live order book, 1 min ago | 0.14 bp | 2.1 bp −$2 | 2.1 bp −$21 | 20.1 bp −$2,015 | 38.3 bp −$19.1K |
| Sell Bybit live order book, 1 min ago | 1.43 bp | 6.9 bp −$7 | 9.8 bp −$98 | 38.9 bp −$3,894 | 229.9 bp −$114.9K |
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 | 0.3487 | −0.025% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3487 | −0.011% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3487 | −0.012% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | −0.019% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.342% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3487 | −0.014% | — | $6.5M | — | as long as short |
| HTX TRX-USDT | +0.0083% | 8h | 0.3484 | −0.095% | $826K | $885K | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | −0.017% | $486K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3487 | −0.021% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3488 | −0.006% | $15K | $56K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
HTX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3490 | +0.072% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3488 | +0.012% | $966K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3488 | −0.004% | $106.4M | $60.0M | 75x | as long as short |
| Bybit TRXUSDTshort | +0.0100% | 8h | 0.3487 | −0.023% | $53.9M | $11.8M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3488 | +0.006% | $15.6M | $10.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3487 | −0.020% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDTlong | +0.0100% | 8h | 0.3488 | long leg | $19.0M | $2.2M | 200x | |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3488 | +0.011% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3488 | +0.006% | $10.5M | $3.4M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | −0.057% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.083% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | −0.059% | $594K | $465K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | −0.106% | $116K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.102% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3486 | −0.040% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3486 | −0.040% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3487 | −0.031% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3486 | −0.065% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3487 | −0.021% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | −0.023% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0405% / S −0.0481% | 1h | 0.3487 | −0.033% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0803% | 1h | 0.3490 | +0.072% | $844K | $537K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL