Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.027%
Price spread now: BloFin against Binance+0.003%321s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days+0.206%+$21 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.003%, 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: +$4 a day on $10k at the current rate. The two prices were read 321 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 | Binance TRXUSDT | 0.3465 | 0.0100 | pay 0.0100% / 8h | 6h 43m | $102.0M | $50.0M | 75x |
| Short | BloFin TRX-USDT | 0.3465 | 0.0220 | get 0.0220% / 8h | 6h 43m | $4.6M | $3.9M | 50x |
Binance TRXUSDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.2
- Price spread: +0.003% → −0.004%
- $0.68
- Slippage, 4 orders
- −$1.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $2.71
- Costs to cover
- 0.232%
- Break-even
- 6.2 days
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 5 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 Binance live order book, 14 min ago | 0.14 bp | 5.4 bp −$5 | 10.5 bp −$105 | 40.6 bp −$4,062 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.29 bp | 6.3 bp −$6 | 8.3 bp −$83 | 27.7 bp −$2,774 | 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 | 0.3467 | +0.046% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3468 | +0.078% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0035% | 8h | 0.3467 | +0.064% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.039% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3467 | +0.060% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0018% | 1h | 0.3466 | +0.020% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.695% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3466 | +0.017% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3467 | +0.044% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3466 | +0.035% | $485K | $618K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.049% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3467 | +0.051% | $957K | $669K | 75x | as long as short |
| Binance TRXUSDTlong | +0.0100% | 8h | 0.3465 | long leg | $102.0M | $50.0M | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3465 | −0.003% | $55.0M | $9.1M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3465 | +0.006% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3466 | +0.038% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3466 | +0.035% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3466 | +0.032% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3466 | +0.020% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3466 | +0.025% | $566K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3466 | +0.013% | $591K | $446K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3465 | 0.000% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3464 | −0.037% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3467 | +0.058% | $406 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3465 | +0.008% | $832K | $793K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3467 | +0.052% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3465 | −0.015% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3465 | −0.007% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3465 | +0.003% | $4.6M | $3.9M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3467 | +0.049% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3468 | +0.094% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0563% | 1h | 0.3470 | +0.151% | $786K | $424K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL