Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.022%
Price spread now: gTrade (Gains Network) against Orderly+0.059%57s7-day average +0.028% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.059%, 7d avg +0.028%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.032% dearer against Orderly than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.028%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRX_USDC | 0.3442 | 0.0090 | pay 0.0090% / 8h | 53m 27s | $14K | $107K | 20x |
| Short | gTrade (Gains Network) TRX/USD | 0.3444 | L +0.0003% / S −0.0007% | get 0.0001% / 1h | 53m 27s | $121K | — | 150x |
Orderly PERP_TRX_USDC
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Orderly. 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
- −$17.44
- Price spread: +0.059% → +0.028%
- $3.17
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$30.27
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 26 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 26 min ago | 130.02 bp | 135.0 bp −$135 | 205.2 bp −$2,052 | 2197.0 bp −$219.7K | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0154% | 1h | 0.3442 | 0.000% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.023% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3442 | +0.010% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0086% | 8h | 0.3442 | +0.015% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.006% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0060% | 8h | 0.3440 | −0.051% | $563K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0040% | 8h | 0.3442 | +0.006% | $54.6M | $8.1M | 75x | as long as short |
| HTX TRX-USDT | −0.0027% | 8h | 0.3440 | −0.049% | $826K | $723K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.020% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.059% | $121K | — | 150x |
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0003% | 8h | 0.3443 | +0.023% | $15.6M | $8.7M | 50x | as long as short |
| MEXC TRX_USDT | +0.0021% | 8h | 0.3443 | +0.020% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0022% | 8h | 0.3443 | +0.026% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0024% | 1h | 0.3442 | +0.001% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDT | +0.0031% | 8h | 0.3443 | +0.028% | $956K | $659K | 75x | as long as short |
| Lighter TRX | +0.0040% | 1h | 0.3442 | +0.012% | $482K | $630K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0051% | 8h | 0.3442 | +0.006% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3444 | +0.053% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3442 | +0.017% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0085% | 8h | 0.3442 | −0.006% | $4.6M | $4.0M | 50x | as long as short |
| SoDEX TRX-USD | +0.0085% | 1h | 0.3442 | +0.017% | $403 | $5K | 5x | as long as short |
| Gate TRX_USDT | +0.0086% | 8h | 0.3443 | +0.029% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | −0.035% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDClong | +0.0090% | 8h | 0.3442 | long leg | $14K | $107K | 20x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | +0.073% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3443 | +0.032% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.003% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | 0.000% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.049% | $115K | $556K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.078% | $196K | $918K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0365% / S −0.0395% | 1h | 0.3443 | +0.035% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0412% | 1h | 0.3446 | +0.123% | $829K | $414K | 25x | as long as short |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Aster TRXUSDT
Lighter TRX
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
BloFin TRX-USDT
SoDEX TRX-USD
Gate TRX_USDT
Aevo TRX-PERP
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL