Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.12 per $10,000 · paid last 24h −0.013%
Price spread now: MEXC against OKX+0.017%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now +0.017%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TRX-USDT-SWAP | 0.3440 | −0.0001 | get 0.0001% / 8h | 1h 35m | $15.6M | $8.8M | 50x |
| Short | MEXC TRX_USDT | 0.3441 | 0.0011 | get 0.0011% / 8h | 1h 35m | $18.2M | $1.7M | 200x |
OKX TRX-USDT-SWAP
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- $2.53
- Price spread: +0.017% → +0.004%
- $1.34
- Slippage, 4 orders
- −$5.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$15.57
- Costs to cover
- 0.194%
- Break-even
- 50.1 days
Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 3 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 OKX live order book, 3 min ago | 0.14 bp | 6.6 bp −$7 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.14 bp | 2.3 bp −$2 | 4.1 bp −$41 | 25.8 bp −$2,584 | 39.9 bp −$20.0K |
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 | 0.3440 | +0.001% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.023% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0082% | 8h | 0.3440 | −0.003% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0072% | 8h | 0.3440 | −0.006% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.078% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0045% | 1h | 0.3440 | +0.006% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0036% | 8h | 0.3440 | −0.006% | $8.7M | $3.7M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3439 | −0.022% | $826K | $716K | 75x | as long as short |
| Aster TRXUSDT | −0.0010% | 8h | 0.3443 | +0.075% | $959K | $656K | 75x | as long as short |
| SoDEX TRX-USD | −0.0003% | 1h | 0.3441 | +0.012% | $400 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
Aster TRXUSDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAPlong | −0.0001% | 8h | 0.3440 | long leg | $15.6M | $8.8M | 50x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.073% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.061% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | +0.006% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3440 | −0.007% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDTshort | +0.0011% | 8h | 0.3441 | +0.017% | $18.2M | $1.7M | 200x | |
| Binance TRXUSDT | +0.0011% | 8h | 0.3441 | +0.014% | $99.3M | $48.3M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.057% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0044% | 8h | 0.3440 | +0.006% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0051% | 8h | 0.3440 | +0.007% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3441 | +0.017% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.028% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | +0.015% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0090% | 8h | 0.3440 | +0.006% | $9.6M | $2.5M | 75x | as long as short |
| BingX TRX-USDT | +0.0097% | 8h | 0.3441 | +0.015% | — | $40.0M | — | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.067% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | +0.003% | $9.4M | $2.0M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.014% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.029% | $115K | $545K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.057% | $196K | $917K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.051% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0444% | 1h | 0.3445 | +0.133% | $832K | $411K | 25x | as long as short |
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
Binance TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Gate TRX_USDT
BingX TRX-USDT
Hyperliquid TRX
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL