Funding you earn now, next payment 23:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h +0.013%
Price spread now: Injective against MEXC−0.015%7-day average −0.218% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.239%+$24 on $10k
+Price spread, last 3 days (all we have)−0.058%−$6 · spread now −0.015%, 7d avg −0.218%
=The price spread pays, funding is against you. Injective is 0.203% dearer against MEXC than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.218%): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.239%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC TRX_USDT | 0.3442 | 0.0015 | pay 0.0015% / 8h | 1h 22m | $18.2M | $1.7M | 200x |
| Short | Injective TRX/USDC PERP | 0.3441 | −0.0120 | pay 0.0015% / 1h | 22m 40s | $1K | $163K | 12x |
MEXC TRX_USDT
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$28.45
- Price spread: −0.015% → −0.218%
- $20.32
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$12.15
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 1 min ago; Injective: 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 MEXC live order book, 1 min ago | 0.14 bp | 2.1 bp −$2 | 3.2 bp −$32 | 21.5 bp −$2,154 | 38.8 bp −$19.4K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.3441 | −0.020% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERPshort | −0.0120% | 1h | 0.3441 | −0.015% | $1K | $163K | 12x | |
| Variational Omni TRX | −0.0078% | 8h | 0.3440 | −0.042% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | −0.003% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0058% | 8h | 0.3441 | −0.015% | $54.7M | $8.2M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0053% | 8h | 0.3441 | −0.029% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0023% | 1h | 0.3441 | −0.023% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0019% | 8h | 0.3439 | −0.083% | $825K | $718K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.027% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3441 | −0.015% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
HTX TRX-USDT
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.031% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0006% | 8h | 0.3441 | −0.003% | $957K | $658K | 75x | as long as short |
| MEXC TRX_USDTlong | +0.0015% | 8h | 0.3442 | long leg | $18.2M | $1.7M | 200x | |
| Binance TRXUSDT | +0.0015% | 8h | 0.3441 | −0.003% | $99.3M | $48.3M | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | −0.017% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.026% | $196K | $1.1M | 25x | as long as short |
| SoDEX TRX-USD | +0.0023% | 1h | 0.3441 | −0.003% | $403 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.042% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | −0.019% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0061% | 8h | 0.3441 | −0.003% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3441 | −0.003% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.055% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | −0.023% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.020% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.046% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3441 | −0.006% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | −0.017% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.014% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | +0.032% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.038% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0241% | 1h | 0.3445 | +0.096% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.019% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]