Funding you earn now, next payment 20:00 UTC+0.0508%/8hpaid last 24h +0.067%
Price spread now: Deribit against BingX+0.126%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.126%, 7d avg +0.073%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Deribit is 0.053% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.073%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TRX-USDT | 0.3441 | −0.0148 | get 0.0148% / 8h | 4h 06m | — | $37.9M | — |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3445 | 0.0360 | get 0.0045% / 1h | 6m 36s | $827K | $378K | 25x |
BingX TRX-USDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. 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
- $106.67
- Price spread: +0.126% → +0.073%
- $5.31
- Slippage, 4 orders
- −$4.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $90.42
- Costs to cover
- 0.215%
- Break-even
- 1.1 days
Slippage from BingX: live order book, 7 min ago; Deribit: live order book, 26 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 BingX live order book, 7 min ago | 0.29 bp | 5.9 bp −$6 | 7.2 bp −$72 | 15.1 bp −$1,511 | 36.3 bp −$18.2K |
| Sell Deribit live order book, 26 min ago | 1.45 bp | 5.0 bp −$5 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TRX_USDC_PERP | −0.0201% | 1h | 0.3441 | +0.006% | $60K | $5K | 10x | as long as short |
| BingX TRX-USDTlong | −0.0148% | 8h | 0.3441 | long leg | — | $37.9M | — | |
| Bybit TRXUSDT | −0.0146% | 8h | 0.3439 | −0.047% | $54.6M | $7.7M | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0135% | 1h | 0.3438 | −0.081% | $1K | $79K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3441 | −0.001% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0093% | 1h | 0.3443 | +0.049% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0084% | 8h | 0.3439 | −0.038% | $564K | $42K | — | as long as short |
| Aster TRXUSDT | −0.0076% | 8h | 0.3441 | 0.000% | $952K | $617K | 75x | as long as short |
| SoDEX TRX-USD | −0.0071% | 1h | 0.3441 | +0.009% | $405 | $5K | 5x | as long as short |
| Kraken Futures PF_TRXUSD | −0.0045% | 1h | 0.3443 | +0.075% | $1.8M | $946K | 25x | as long as short |
Backpack TRX_USDC_PERP
Bybit TRXUSDT
Injective TRX/USDC PERP
Reya TRXRUSDPERP
Phoenix TRX
Variational Omni TRX
Aster TRXUSDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0033% | 8h | 0.3440 | −0.033% | $828K | $662K | 75x | as long as short |
| Extended TRX-USD | −0.0016% | 1h | 0.3440 | −0.023% | $195K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | −0.0012% | 8h | 0.3441 | +0.009% | $99.3M | $50.4M | 75x | as long as short |
| MEXC TRX_USDT | −0.0012% | 8h | 0.3441 | +0.012% | $17.1M | $1.6M | 200x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.067% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0007% | 8h | 0.3441 | −0.006% | $15.6M | $8.7M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0015% | 8h | 0.3441 | +0.008% | $9K | $384 | 20x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | 0.000% | $486K | $623K | 10x | as long as short |
| Bitget TRXUSDT | +0.0056% | 8h | 0.3441 | +0.003% | $9.4M | $2.0M | 75x | as long as short |
| Phemex TRXUSDT | +0.0060% | 8h | 0.3441 | +0.012% | $3.7M | $1.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0080% | 8h | 0.3441 | 0.000% | $9.7M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.028% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0084% | 8h | 0.3441 | +0.009% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | +0.081% | $13.3M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3441 | −0.009% | $8.6M | $3.6M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | 0.000% | $587K | $444K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | −0.032% | $115K | $535K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.071% | $196K | $907K | 30x | as long as short |
| BloFin TRX-USDT | +0.0107% | 8h | 0.3441 | +0.009% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0200% | 1h | 0.3443 | +0.057% | $183K | $6K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0337% / S −0.0340% | 1h | 0.3443 | +0.050% | $18K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0360% | 1h | 0.3445 | +0.126% | $827K | $378K | 25x |
HTX TRX-USDT
Extended TRX-USD
Binance TRXUSDT
MEXC TRX_USDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Paradex TRX-USD-PERP
Lighter TRX
Bitget TRXUSDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
KuCoin TRXUSDTM
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
BloFin TRX-USDT
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]