Funding you earn now, next payment 09:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h −0.090%
Price spread now: edgeX against Deribit−0.041%75s7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as 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−$200.200% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.041%, 7d avg −0.098%
=Together, before fees−0.062%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.057% dearer against Deribit than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.098%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.143% in total) that is about 2.8 days. The two prices were read 75 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 | Deribit TRX_USDC-PERPETUAL | 0.3485 | 0.0255 | pay 0.0032% / 1h | 29m 40s | $819K | $744K | 25x |
| Short | edgeX TRXUSDC | 0.3484 | 0.0100 | get 0.0050% / 4h | 3h 29m | $594K | $503K | 20x |
Deribit TRX_USDC-PERPETUAL
edgeX TRXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Deribit. 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
- −$32.61
- Price spread: −0.041% → −0.098%
- $5.7
- Slippage, 4 orders
- −$4.04
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$46.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 4 min ago; edgeX: live order book, 4 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 Deribit live order book, 4 min ago | 0.14 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 0.72 bp | 5.2 bp −$5 | 6.8 bp −$68 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0213% | 8h | 0.3480 | −0.131% | $834K | $956K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3481 | −0.110% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3485 | −0.003% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | −0.045% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3483 | −0.070% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0020% | 1h | 0.3482 | −0.080% | $2.4M | $1.9M | 25x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.263% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0039% | 1h | 0.3481 | −0.106% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDT | +0.0047% | 8h | 0.3482 | −0.089% | — | $32.6M | — | as long as short |
| Bybit TRXUSDT | +0.0065% | 8h | 0.3482 | −0.086% | $53.5M | $12.8M | 75x | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Kraken Futures PF_TRXUSD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDT
Bybit TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0067% | 8h | 0.3479 | −0.181% | $968K | $771K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3481 | −0.105% | $9K | $171 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3482 | −0.092% | $488K | $672K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | −0.089% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3486 | +0.031% | $13.4M | $2.8M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3482 | −0.082% | $107.0M | $65.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3482 | −0.086% | $15.6M | $11.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | −0.098% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | −0.081% | $18.9M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3482 | −0.075% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | −0.129% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3482 | −0.089% | $577K | $37K | — | as long as short |
| edgeX TRXUSDCshort | +0.0100% | 4h | 0.3484 | −0.041% | $594K | $503K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3485 | −0.012% | $116K | $616K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.141% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3482 | −0.086% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3482 | −0.086% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.120% | $204K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3480 | −0.152% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3483 | −0.066% | $4.8M | $4.1M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0255% | 1h | 0.3485 | long leg | $819K | $744K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3483 | −0.070% | $20K | — | 100x | as long as short |
Aster TRXUSDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]