Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%
Price spread now: Bitget against Phemex+0.003%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.003%, 7d avg −0.023%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.025% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3468 | 0.0100 | pay 0.0100% / 8h | 6h 31m | $3.9M | $1.7M | 50x |
| Short | Bitget TRXUSDT | 0.3468 | 0.0100 | get 0.0100% / 8h | 6h 31m | $10.4M | $3.2M | 75x |
Phemex TRXUSDT
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.003% → −0.023%
- $2.54
- Slippage, 4 orders
- −$8.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$29.6
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 1.73 bp | 7.7 bp −$8 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.14 bp | 6.3 bp −$6 | 10.3 bp −$103 | 28.8 bp −$2,878 | doesn't fit |
TRX on 31 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 | 0.3469 | +0.017% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3468 | +0.006% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0013% | 8h | 0.3469 | +0.020% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3468 | +0.010% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3469 | +0.015% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.781% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0048% | 1h | 0.3467 | −0.026% | $59K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0092% | 8h | 0.3467 | −0.027% | $833K | $794K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0094% | 8h | 0.3468 | −0.009% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3468 | −0.012% | $484K | $661K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Lighter TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0097% | 8h | 0.3469 | +0.021% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3470 | +0.049% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3468 | +0.003% | $958K | $669K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3468 | +0.006% | $102.8M | $50.8M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3469 | +0.026% | $54.9M | $9.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3468 | +0.006% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3468 | +0.006% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3468 | −0.006% | $18.5M | $2.0M | 200x | as long as short |
| Bitget TRXUSDTshort | +0.0100% | 8h | 0.3468 | +0.003% | $10.4M | $3.2M | 75x | |
| BingX TRX-USDT | +0.0100% | 8h | 0.3469 | +0.014% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3466 | −0.062% | $566K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3466 | −0.047% | $592K | $449K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3466 | −0.058% | $115K | $563K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3466 | −0.075% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3468 | +0.003% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3468 | long leg | $3.9M | $1.7M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3467 | −0.018% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3467 | −0.035% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3468 | −0.004% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0524% | 1h | 0.3470 | +0.045% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0632% | 1h | 0.3472 | +0.108% | $799K | $463K | 25x | as long as short |
Paradex TRX-USD-PERP
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL