Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRnext payment −$1.75 per $10,000 · paid last 24h −0.043%
Price spread now: HTX against MEXC−0.038%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.257% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.038%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TRX_USDT | 0.3484 | 0.0100 | pay 0.0100% / 8h | 39m 44s | $19.2M | $2.3M | 200x |
| Short | HTX TRX-USDT | 0.3483 | −0.0075 | pay 0.0075% / 8h | 39m 44s | $835K | $952K | 75x |
MEXC TRX_USDT
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$36.85
- Price spread: −0.038% → −0.042%
- $0.39
- Slippage, 4 orders
- −$9.72
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$62.17
- Costs to cover
- 0.257%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 64 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, 4 min ago | 0.14 bp | 2.1 bp −$2 | 2.1 bp −$21 | 18.8 bp −$1,879 | 37.5 bp −$18.7K |
| Sell HTX live order book, 64 min ago | 2.42 bp | 8.4 bp −$8 | 17.9 bp −$179 | 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 | 0.3484 | −0.020% | $5 | — | 20x | as long as short |
| HTX TRX-USDTshort | −0.0075% | 8h | 0.3483 | −0.038% | $835K | $952K | 75x | |
| Phoenix TRX | −0.0023% | 1h | 0.3482 | −0.060% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3485 | +0.029% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3485 | +0.028% | $123K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0011% | 1h | 0.3484 | −0.014% | $62K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.246% | $1K | $163K | 12x | as long as short |
| SoDEX TRX-USD | +0.0047% | 1h | 0.3484 | 0.000% | $409 | $5K | 5x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3483 | −0.026% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0089% | 8h | 0.3485 | +0.011% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
SoDEX TRX-USD
BingX TRX-USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3483 | −0.049% | $487K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3484 | 0.000% | $14K | $61K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3487 | +0.063% | $13.3M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3483 | −0.037% | $972K | $714K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3483 | −0.033% | $106.9M | $63.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3483 | −0.032% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3483 | −0.046% | $15.7M | $10.8M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3484 | −0.014% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDTlong | +0.0100% | 8h | 0.3484 | long leg | $19.2M | $2.3M | 200x | |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3485 | +0.029% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3484 | −0.017% | $9.8M | $4.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.131% | $569K | $33K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3480 | −0.120% | $593K | $460K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3483 | −0.046% | $116K | $596K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3483 | −0.047% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3485 | +0.006% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3482 | −0.080% | $205K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3483 | −0.050% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3484 | 0.000% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0295% | 1h | 0.3486 | +0.045% | $2.4M | $1.9M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3485 | +0.026% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0565% | 1h | 0.3489 | +0.123% | $878K | $743K | 25x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL