Funding you earn now, next payment 22:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h +0.041%
Price spread now: Aster against Reya+0.037%56s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.037% dearer against Reya than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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 | Reya TRXRUSDPERP | 0.3438 | −0.0133 | get 0.0017% / 1h | 55m 39s | $5 | — | 20x |
| Short | Aster TRXUSDT | 0.3439 | −0.0056 | pay 0.0056% / 8h | 2h 55m | $951K | $636K | 75x |
Reya TRXRUSDPERP
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Reya. 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
- $16.21
- Price spread: +0.037% → 0.000%
- $3.68
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $5.88
- Costs to cover
- 0.140%
- Break-even
- 4.5 days
Slippage unknown: Reya: no order-book sample; Aster: live order book, 32 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 Reya no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 32 min ago | 0.58 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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 TRXRUSDPERPlong | −0.0133% | 1h | 0.3438 | long leg | $5 | — | 20x | |
| Backpack TRX_USDC_PERP | −0.0114% | 1h | 0.3438 | +0.014% | $58K | $7K | 10x | as long as short |
| BingX TRX-USDT | −0.0094% | 8h | 0.3439 | +0.019% | — | $38.1M | — | as long as short |
| Bybit TRXUSDT | −0.0093% | 8h | 0.3438 | −0.001% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0083% | 8h | 0.3437 | −0.016% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3440 | +0.057% | $5K | $13K | 10x | as long as short |
| SoDEX TRX-USD | −0.0063% | 1h | 0.3438 | +0.011% | $403 | $5K | 5x | as long as short |
| Aster TRXUSDTshort | −0.0056% | 8h | 0.3439 | +0.037% | $951K | $636K | 75x | |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3439 | +0.028% | $1K | $100K | 12x | as long as short |
| Lighter TRX | −0.0040% | 1h | 0.3439 | +0.025% | $483K | $628K | 10x | as long as short |
Backpack TRX_USDC_PERP
BingX TRX-USDT
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
SoDEX TRX-USD
Injective TRX/USDC PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0038% | 8h | 0.3438 | −0.001% | $825K | $704K | 75x | as long as short |
| Binance TRXUSDT | −0.0002% | 8h | 0.3440 | +0.045% | $99.3M | $49.4M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3439 | +0.025% | $17.2M | $1.6M | 200x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.076% | $181K | $10K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3439 | +0.018% | $196K | $1.1M | 25x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3440 | +0.056% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0012% | 8h | 0.3439 | +0.037% | $15.6M | $8.8M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0045% | 8h | 0.3439 | +0.025% | $9K | $385 | 20x | as long as short |
| Bitget TRXUSDT | +0.0064% | 8h | 0.3439 | +0.034% | $9.4M | $2.1M | 75x | as long as short |
| KuCoin TRXUSDTM | +0.0071% | 8h | 0.3438 | +0.014% | $8.7M | $3.6M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3437 | −0.023% | $33K | — | 3x | as long as short |
| Phemex TRXUSDT | +0.0081% | 8h | 0.3439 | +0.028% | $3.8M | $1.6M | 50x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3439 | +0.034% | $14K | $107K | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3440 | +0.069% | $1.9M | $993K | 25x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.084% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3439 | +0.028% | $9.7M | $2.4M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.019% | $587K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.045% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.084% | $196K | $912K | 30x | as long as short |
| BloFin TRX-USDT | +0.0119% | 8h | 0.3439 | +0.040% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0343% | 1h | 0.3443 | +0.131% | $828K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0351% / S −0.0367% | 1h | 0.3440 | +0.058% | $19K | — | 100x | as long as short |
HTX TRX-USDT
Binance TRXUSDT
MEXC TRX_USDT
dYdX TRX-USD
Extended TRX-USD
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Bitget TRXUSDT
KuCoin TRXUSDTM
Aevo TRX-PERP
Phemex TRXUSDT
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]