Funding you earn now, next payment 01:00 UTC−0.0153%/8h= −16.7% APRpaid last 24h −0.030%
Price spread now: Injective against BloFin−0.371%7-day average −0.212% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)+0.343%+$34 · spread now −0.371%, 7d avg −0.212%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 0.159% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.212%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin TRX-USDT | 0.3454 | 0.0186 | pay 0.0186% / 8h | 7h 29m | $4.7M | $4.0M | 50x |
| Short | Injective TRX/USDC PERP | 0.3441 | 0.0033 | get 0.0004% / 1h | 29m 56s | $1K | $163K | 12x |
BloFin TRX-USDT
Injective TRX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$32.05
- Price spread: −0.371% → −0.212%
- −$15.86
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$59.94
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 4 min ago; Injective: no order-book sample. 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 BloFin live order book, 4 min ago | 0.29 bp | 6.3 bp −$6 | 6.8 bp −$68 | 8.8 bp −$876 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 TRXRUSDPERP | −0.0133% | 1h | 0.3455 | +0.033% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3455 | +0.023% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3454 | +0.006% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | +0.075% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | +0.071% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERPshort | +0.0033% | 1h | 0.3441 | −0.371% | $1K | $163K | 12x | |
| Variational Omni TRX | +0.0034% | 8h | 0.3454 | +0.005% | $565K | $36K | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0054% | 1h | 0.3454 | +0.017% | $58K | $4K | 10x | as long as short |
| Extended TRX-USD | +0.0064% | 1h | 0.3455 | +0.027% | $194K | $1.4M | 25x | as long as short |
| MEXC TRX_USDT | +0.0065% | 8h | 0.3456 | +0.049% | $18.4M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Backpack TRX_USDC_PERP
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0066% | 8h | 0.3456 | +0.049% | $100.5M | $47.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0070% | 8h | 0.3456 | +0.067% | $15.5M | $8.4M | 50x | as long as short |
| HTX TRX-USDT | +0.0080% | 8h | 0.3452 | −0.040% | $829K | $752K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0088% | 8h | 0.3455 | +0.023% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3455 | +0.032% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3455 | +0.029% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.013% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | +0.101% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3456 | +0.062% | $959K | $660K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3455 | +0.035% | $54.9M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3456 | +0.067% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3455 | +0.046% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3456 | +0.055% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3451 | −0.092% | $590K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3451 | −0.069% | $115K | $570K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3453 | −0.010% | $196K | $939K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3456 | +0.049% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | +0.043% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | +0.092% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDTlong | +0.0186% | 8h | 0.3454 | long leg | $4.7M | $4.0M | 50x | |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | +0.035% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0473% | 1h | 0.3459 | +0.145% | $835K | $407K | 25x | as long as short |
Binance TRXUSDT
OKX TRX-USDT-SWAP
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL