Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.025%
Price spread now: dYdX against SunX−0.021%7-day average +0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2382.385% of the position
Funding, last 7 days+0.245%+$25 on $10k
+Price spread, last 3 days (all we have)+0.304%+$30 · spread now −0.021%, 7d avg +0.124%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.144% cheaper against SunX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.124%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TRX-USDT | 0.3443 | 0.0100 | pay 0.0100% / 8h | 57m 56s | $196K | $920K | 30x |
| Short | dYdX TRX-USD | 0.3442 | 0 | get 0.0000% / 1h | 57m 56s | $181K | $10K | 10x |
SunX TRX-USDT
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against SunX. 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
- −$21
- Price spread: −0.021% → +0.124%
- −$14.43
- Slippage, 4 orders
- −$220.49
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$273.93
- Costs to cover
- 2.385%
- Break-even
- never at this rate
Slippage from SunX: live order book, 4 min ago; dYdX: live order book, 21 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 SunX live order book, 4 min ago | 7.89 bp | 14.0 bp −$14 | 22.0 bp −$220 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 21 min ago | 60.16 bp | 69.8 bp −$70 | 124.3 bp −$1,243 | 153.7 bp −$15.4K | 394.6 bp −$197.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0176% | 1h | 0.3441 | −0.078% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.064% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3440 | −0.080% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0085% | 8h | 0.3441 | −0.075% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | −0.049% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0064% | 8h | 0.3439 | −0.121% | $562K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0046% | 8h | 0.3441 | −0.064% | $54.6M | $8.1M | 75x | as long as short |
| HTX TRX-USDT | −0.0025% | 8h | 0.3439 | −0.111% | $826K | $722K | 75x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3441 | −0.069% | $482K | $630K | 10x | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3442 | −0.021% | $181K | $10K | 10x |
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0002% | 8h | 0.3441 | −0.069% | $15.6M | $8.7M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | −0.023% | $121K | — | 150x | as long as short |
| SoDEX TRX-USD | +0.0011% | 1h | 0.3441 | −0.061% | $403 | $5K | 5x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3440 | −0.085% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0019% | 8h | 0.3442 | −0.049% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0020% | 8h | 0.3441 | −0.055% | $99.3M | $48.1M | 75x | as long as short |
| Aster TRXUSDT | +0.0025% | 8h | 0.3442 | −0.040% | $955K | $659K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0046% | 8h | 0.3441 | −0.073% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3443 | −0.003% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3441 | −0.061% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0079% | 8h | 0.3441 | −0.069% | $4.6M | $4.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3441 | −0.052% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3439 | −0.109% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | −0.084% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | −0.003% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | −0.049% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | −0.075% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.091% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.096% | $115K | $554K | 50x | as long as short |
| SunX TRX-USDTlong | +0.0100% | 8h | 0.3443 | long leg | $196K | $920K | 30x | |
| Deribit TRX_USDC-PERPETUAL | +0.0308% | 1h | 0.3445 | +0.044% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.035% | $20K | — | 100x | as long as short |
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
SoDEX TRX-USD
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
BloFin TRX-USDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]