Funding you earn now, next payment 01:00 UTC+0.0386%/8h= +42.2% APRpaid last 24h +0.064%
Price spread now: Deribit against MEXC+0.106%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.106%, 7d avg +0.064%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.042% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.064%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TRX_USDT | 0.3458 | 0.0084 | pay 0.0084% / 8h | 7h 13m | $18.5M | $1.9M | 200x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3462 | 0.0470 | get 0.0059% / 1h | 13m 37s | $847K | $421K | 25x |
MEXC TRX_USDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $81.01
- Price spread: +0.106% → +0.064%
- $4.21
- Slippage, 4 orders
- −$5.93
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $68.3
- Costs to cover
- 0.169%
- Break-even
- 1.1 days
Slippage from MEXC: live order book, 5 min ago; Deribit: live order book, 60 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, 5 min ago | 0.14 bp | 2.6 bp −$3 | 4.5 bp −$45 | 25.7 bp −$2,567 | 38.7 bp −$19.3K |
| Sell Deribit live order book, 60 min ago | 1.89 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.3459 | +0.012% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0084% | 8h | 0.3459 | +0.017% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.040% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3458 | +0.003% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3459 | +0.027% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.500% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0041% | 1h | 0.3458 | −0.014% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0057% | 8h | 0.3455 | −0.096% | $564K | $37K | — | as long as short |
| MEXC TRX_USDTlong | +0.0084% | 8h | 0.3458 | long leg | $18.5M | $1.9M | 200x | |
| Binance TRXUSDT | +0.0085% | 8h | 0.3459 | +0.014% | $100.8M | $48.3M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | +0.0088% | 8h | 0.3458 | −0.023% | $831K | $769K | 75x | as long as short |
| Extended TRX-USD | +0.0088% | 1h | 0.3458 | −0.015% | $194K | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0092% | 8h | 0.3458 | +0.001% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3458 | −0.003% | $15K | $107K | 20x | as long as short |
| OKX TRX-USDT-SWAP | +0.0095% | 8h | 0.3459 | +0.032% | $15.5M | $8.4M | 50x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3458 | +0.006% | $484K | $630K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3460 | +0.061% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3459 | +0.028% | $957K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3459 | +0.020% | $55.1M | $8.3M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3459 | +0.026% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3459 | +0.032% | $9.6M | $2.5M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3459 | +0.009% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3457 | −0.043% | $590K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3458 | −0.017% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3455 | −0.099% | $196K | $957K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3458 | 0.000% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3458 | +0.006% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3456 | −0.058% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3460 | +0.053% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0203% | 8h | 0.3458 | −0.020% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3459 | +0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0470% | 1h | 0.3462 | +0.106% | $847K | $421K | 25x |
HTX TRX-USDT
Extended TRX-USD
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
OKX TRX-USDT-SWAP
Lighter TRX
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]