Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.016%
Price spread now: MEXC against Phoenix−0.015%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), 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 | Phoenix TRX | 0.3442 | −0.0070 | get 0.0009% / 1h | 43m 12s | $5K | $13K | 10x |
| Short | MEXC TRX_USDT | 0.3442 | 0.0008 | get 0.0008% / 8h | 1h 43m | $18.2M | $1.7M | 200x |
Phoenix TRX
MEXC TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Phoenix. 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
- $16.32
- Price spread: −0.015% → 0.000%
- −$1.45
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $3.87
- Costs to cover
- 0.110%
- Break-even
- 5.3 days
Slippage unknown: Phoenix: no order-book sample; MEXC: live order book, just now. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, just now | 0.14 bp | 2.1 bp −$2 | 3.8 bp −$38 | 18.1 bp −$1,807 | 37.2 bp −$18.6K |
Phoenix: 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3441 | −0.031% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.041% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0085% | 8h | 0.3439 | −0.094% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0077% | 8h | 0.3441 | −0.041% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRXlong | −0.0070% | 1h | 0.3442 | long leg | $5K | $13K | 10x | |
| Backpack TRX_USDC_PERP | −0.0034% | 1h | 0.3441 | −0.029% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0026% | 8h | 0.3441 | −0.029% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3441 | −0.053% | $826K | $715K | 75x | as long as short |
| Aster TRXUSDT | −0.0019% | 8h | 0.3443 | +0.013% | $952K | $656K | 75x | as long as short |
| SoDEX TRX-USD | −0.0010% | 1h | 0.3442 | −0.023% | $405 | $5K | 5x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3441 | −0.032% | $482K | $637K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.009% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3442 | −0.026% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.010% | $121K | — | 150x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3441 | −0.040% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDTshort | +0.0008% | 8h | 0.3442 | −0.015% | $18.2M | $1.7M | 200x | |
| Binance TRXUSDT | +0.0009% | 8h | 0.3442 | −0.012% | $99.3M | $48.5M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.025% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0034% | 8h | 0.3441 | −0.032% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3441 | −0.029% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0071% | 8h | 0.3442 | −0.012% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.074% | $33K | — | 3x | as long as short |
| BingX TRX-USDT | +0.0089% | 8h | 0.3441 | −0.041% | — | $40.0M | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | −0.032% | $14K | $107K | 20x | as long as short |
| Bitget TRXUSDT | +0.0093% | 8h | 0.3442 | −0.023% | $9.4M | $2.1M | 75x | as long as short |
| Gate TRX_USDT | +0.0094% | 8h | 0.3442 | −0.026% | $9.7M | $2.5M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.026% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.042% | $587K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.026% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.026% | $196K | $916K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0281% | 1h | 0.3445 | +0.084% | $833K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | +0.011% | $20K | — | 100x | as long as short |
Lighter TRX
dYdX TRX-USD
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
Extended TRX-USD
Binance TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
BingX TRX-USDT
Orderly PERP_TRX_USDC
Bitget TRXUSDT
Gate TRX_USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]