Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Aster against Phemex−0.027%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.314% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.027%, 7d avg +0.012%
=Together, before fees+0.215%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.039% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3478 | 0.0100 | pay 0.0100% / 8h | 4h 04m | $3.9M | $1.9M | 50x |
| Short | Aster TRXUSDT | 0.3477 | 0.0100 | get 0.0100% / 8h | 4h 04m | $963K | $696K | 75x |
Phemex TRXUSDT
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $0
- Price spread: −0.027% → +0.012%
- −$3.88
- Slippage, 4 orders
- −$11.41
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$35.29
- Costs to cover
- 0.314%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 54 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 Phemex live order book, 5 min ago | 0.14 bp | 6.5 bp −$6 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Aster live order book, 54 min ago | 0.14 bp | 8.0 bp −$8 | 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 | 0.3477 | −0.021% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3477 | −0.029% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3476 | −0.055% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3478 | −0.003% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.067% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0053% | 1h | 0.3476 | −0.052% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3477 | −0.026% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3476 | −0.052% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3478 | −0.009% | $485K | $669K | 10x | as long as short |
| HTX TRX-USDT | +0.0096% | 8h | 0.3476 | −0.058% | $835K | $857K | 75x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
Paradex TRX-USD-PERP
Lighter TRX
HTX TRX-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3477 | −0.023% | $15K | $47K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3481 | +0.069% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDTshort | +0.0100% | 8h | 0.3477 | −0.027% | $963K | $696K | 75x | |
| Binance TRXUSDT | +0.0100% | 8h | 0.3478 | +0.003% | $105.4M | $58.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3477 | −0.020% | $53.7M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3478 | −0.012% | $15.5M | $9.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3478 | −0.012% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3478 | −0.006% | $18.8M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3478 | −0.009% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3478 | +0.003% | $10.4M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3476 | −0.063% | $569K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3477 | −0.045% | $593K | $472K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3477 | −0.043% | $116K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3476 | −0.048% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3478 | −0.003% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3478 | long leg | $3.9M | $1.9M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3477 | −0.033% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3476 | −0.059% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3477 | −0.026% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3479 | +0.017% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3478 | −0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0647% | 1h | 0.3481 | +0.096% | $844K | $504K | 25x | as long as short |
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL