Funding you earn now, next payment 11:00 UTC−0.0062%/8h= −6.8% APRpaid last 24h −0.015%
Price spread now: gTrade (Gains Network) against BingX+0.090%46s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2852.855% of the position
Funding, last 4 days (all we have)−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.090%, 7d avg +0.027%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.063% dearer against BingX than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.027%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 4 days (−0.009% in total) that is about 26 days. The two prices were read 46 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 | BingX TRX-USDC | 0.3475 | 0.0070 | pay 0.0070% / 8h | 5h 52m | — | $6.5M | — |
| Short | gTrade (Gains Network) TRX/USD | 0.3478 | L +0.0003% / S −0.0008% | get 0.0001% / 1h | 52m 42s | $137K | — | 150x |
BingX TRX-USDC
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$12.97
- Price spread: +0.090% → +0.027%
- $6.25
- Slippage, 4 orders
- −$265.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$292.18
- Costs to cover
- 2.855%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; gTrade (Gains Network): virtual book (oracle exchange), 59 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, 11 min ago | 0.72 bp | 7.9 bp −$8 | 33.5 bp −$335 | 234.9 bp −$23.5K | 828.4 bp −$414.2K |
| Sell gTrade (Gains Network) virtual book (oracle exchange), 59 min ago | 130.02 bp | 135.0 bp −$135 | 205.2 bp −$2,052 | 2197.0 bp −$219.7K | doesn't fit |
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0332% | 8h | 0.3474 | −0.006% | $962K | $930K | 75x | as long as short |
| HTX TRX-USDT | −0.0218% | 8h | 0.3476 | +0.035% | $832K | $885K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3475 | +0.010% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0066% | 1h | 0.3476 | +0.046% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3482 | +0.207% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | −0.0021% | 1h | 0.3477 | +0.055% | $409 | $5K | 5x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3477 | +0.065% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0008% | 1h | 0.3478 | +0.090% | $137K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.970% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDClong | +0.0070% | 8h | 0.3475 | long leg | — | $6.5M | — |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
SoDEX TRX-USD
dYdX TRX-USD
Injective TRX/USDC PERPShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0089% | 8h | 0.3474 | −0.011% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3475 | +0.020% | $481K | $656K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3477 | +0.058% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3479 | +0.127% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3475 | +0.009% | $106.7M | $63.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3474 | −0.020% | $53.3M | $13.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3475 | −0.003% | $15.4M | $11.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3475 | +0.009% | $9.5M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3475 | +0.006% | $18.9M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3475 | +0.012% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3474 | −0.032% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | +0.084% | $576K | $28K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3480 | +0.146% | $593K | $502K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3479 | +0.130% | $117K | $620K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3475 | +0.011% | $197K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3478 | +0.095% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3473 | −0.037% | $211K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3475 | +0.003% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3477 | +0.052% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0269% | 1h | 0.3477 | +0.058% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0368% | 1h | 0.3480 | +0.165% | $805K | $723K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3478 | +0.098% | $20K | — | 100x | as long as short |
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]