Funding you earn now, next payment 00:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.76 per $10,000 · paid last 24h −0.018%
Price spread now: Binance against Phemex−0.006%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.006%, 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: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3440 | 0.0075 | pay 0.0075% / 8h | 2h 45m | $3.8M | $1.6M | 50x |
| Short | Binance TRXUSDT | 0.3440 | −0.0001 | pay 0.0001% / 8h | 2h 45m | $99.3M | $49.2M | 75x |
Phemex TRXUSDT
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$15.92
- Price spread: −0.006% → −0.004%
- −$0.19
- Slippage, 4 orders
- −$6.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.47
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago | 0.14 bp | 7.5 bp −$8 | 12.2 bp −$122 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.14 bp | 6.4 bp −$6 | 9.3 bp −$93 | 35.0 bp −$3,499 | 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 | 0.3439 | −0.020% | $5 | — | 20x | as long as short |
| BingX TRX-USDT | −0.0095% | 8h | 0.3439 | −0.012% | — | $38.1M | — | as long as short |
| Bybit TRXUSDT | −0.0094% | 8h | 0.3439 | −0.038% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0083% | 8h | 0.3439 | −0.040% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.020% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0056% | 8h | 0.3439 | −0.017% | $951K | $633K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0053% | 1h | 0.3440 | 0.000% | $58K | $7K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | −0.026% | $1K | $100K | 12x | as long as short |
| HTX TRX-USDT | −0.0035% | 8h | 0.3439 | −0.033% | $826K | $705K | 75x | as long as short |
| SoDEX TRX-USD | −0.0028% | 1h | 0.3440 | −0.009% | $402 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
BingX TRX-USDT
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
HTX TRX-USDT
SoDEX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDTshort | −0.0001% | 8h | 0.3440 | −0.006% | $99.3M | $49.2M | 75x | |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3440 | −0.006% | $17.2M | $1.6M | 200x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | −0.031% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.033% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0009% | 8h | 0.3439 | −0.020% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0024% | 1h | 0.3439 | −0.015% | $483K | $628K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0045% | 8h | 0.3440 | −0.005% | $9K | $385 | 20x | as long as short |
| dYdX TRX-USD | +0.0055% | 1h | 0.3441 | +0.022% | $181K | $10K | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0060% | 8h | 0.3439 | −0.029% | $8.7M | $3.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0066% | 8h | 0.3439 | −0.015% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDTlong | +0.0075% | 8h | 0.3440 | long leg | $3.8M | $1.6M | 50x | |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3438 | −0.047% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | −0.015% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.049% | $1.9M | $978K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.055% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | −0.015% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.011% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3439 | −0.020% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.071% | $196K | $913K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3439 | −0.020% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0273% | 1h | 0.3444 | +0.119% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3441 | +0.029% | $19K | — | 100x | as long as short |
MEXC TRX_USDT
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
Paradex TRX-USD-PERP
dYdX TRX-USD
KuCoin TRXUSDTM
Bitget TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Kraken Futures PF_TRXUSD
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]