Funding you earn now, next payment 11:00 UTC−0.0316%/8h= −34.6% APRnext payment −$0.40 per $10,000 · paid last 24h −0.130%
Price spread now: gTrade (Gains Network) against Deribit−0.037%67s7-day average −0.053% · you buy dearer than you sell
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−$2812.807% of the position
Funding, last 4 days (all we have)−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.037%, 7d avg −0.053%
=The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 67 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 | 0.3466 | 0.0324 | pay 0.0041% / 1h | 7m 03s | $789K | $713K | 25x |
| Short | gTrade (Gains Network) TRX/USD | 0.3465 | L +0.0003% / S −0.0008% | get 0.0001% / 1h | 7m 03s | $136K | — | 150x |
Deribit TRX_USDC-PERPETUAL
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$66.39
- Price spread: −0.037% → −0.053%
- $1.61
- Slippage, 4 orders
- −$263.66
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$345.44
- Costs to cover
- 2.807%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 40 min ago; gTrade (Gains Network): virtual book (oracle exchange), 40 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, 40 min ago | 0.14 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle exchange), 40 min ago | 130.01 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 | −0.0362% | 8h | 0.3463 | −0.078% | $979K | $992K | 75x | as long as short |
| HTX TRX-USDT | −0.0177% | 8h | 0.3462 | −0.110% | $829K | $886K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3462 | −0.128% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0064% | 1h | 0.3463 | −0.093% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | −0.018% | $5K | $14K | 10x | as long as short |
| Bybit TRXUSDT | −0.0023% | 8h | 0.3462 | −0.127% | $53.3M | $13.7M | 75x | as long as short |
| BingX TRX-USDT | −0.0019% | 8h | 0.3463 | −0.095% | — | $32.5M | — | as long as short |
| SoDEX TRX-USD | −0.0012% | 1h | 0.3463 | −0.078% | $403 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0008% | 1h | 0.3465 | −0.037% | $136K | — | 150x | |
| dYdX TRX-USD | +0.0023% | 1h | 0.3466 | −0.006% | $182K | $10K | 10x | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
Bybit TRXUSDT
BingX TRX-USDT
SoDEX TRX-USD
dYdX TRX-USDShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.727% | $1K | $163K | 12x | as long as short |
| Bitget TRXUSDT | +0.0044% | 8h | 0.3463 | −0.081% | $9.7M | $4.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0071% | 8h | 0.3463 | −0.095% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | −0.067% | $483K | $670K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3463 | −0.084% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3468 | +0.040% | $14.2M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3464 | −0.064% | $105.2M | $65.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3463 | −0.090% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | −0.084% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3464 | −0.072% | $18.6M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3464 | −0.067% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3462 | −0.132% | $566K | $47K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.079% | $591K | $512K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3466 | −0.003% | $116K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.111% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3464 | −0.070% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3462 | −0.133% | $215K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3462 | −0.134% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3466 | −0.009% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0270% | 1h | 0.3464 | −0.066% | $2.3M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0324% | 1h | 0.3466 | long leg | $789K | $713K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3464 | −0.052% | $20K | — | 100x | as long as short |
Injective TRX/USDC PERP
Bitget 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
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
GMX TRX/USD [ETH-USDC]