Funding you earn now, next payment 00:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h −0.110%
Price spread now: HTX against Deribit−0.127%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Funding, last 7 days−0.436%−$44 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.127%, 7d avg −0.108%
=The price spread sits at its 7-day average of −0.108%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3448 | 0.0339 | pay 0.0042% / 1h | 44m 50s | $830K | $414K | 25x |
| Short | HTX TRX-USDT | 0.3444 | −0.0030 | pay 0.0030% / 8h | 44m 50s | $827K | $725K | 75x |
Deribit TRX_USDC-PERPETUAL
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$77.54
- Price spread: −0.127% → −0.108%
- −$1.97
- Slippage, 4 orders
- −$12.71
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$111.22
- Costs to cover
- 0.317%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 34 min ago; HTX: live order book, 34 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, 34 min ago | 0.73 bp | 5.1 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 34 min ago | 4.30 bp | 10.3 bp −$10 | 17.3 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.200% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3444 | −0.113% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0087% | 8h | 0.3444 | −0.105% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | −0.122% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0067% | 1h | 0.3444 | −0.116% | $58K | $4K | 10x | as long as short |
| Variational Omni TRX | −0.0045% | 8h | 0.3444 | −0.111% | $563K | $36K | — | as long as short |
| HTX TRX-USDTshort | −0.0030% | 8h | 0.3444 | −0.127% | $827K | $725K | 75x | |
| Bybit TRXUSDT | −0.0026% | 8h | 0.3445 | −0.096% | $54.7M | $8.0M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3445 | −0.071% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3446 | −0.067% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Backpack TRX_USDC_PERP
Variational Omni TRX
Bybit TRXUSDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3444 | −0.099% | $15.6M | $8.7M | 50x | as long as short |
| Extended TRX-USD | +0.0024% | 1h | 0.3444 | −0.118% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0025% | 8h | 0.3445 | −0.087% | $18.4M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0027% | 8h | 0.3444 | −0.099% | $99.4M | $47.8M | 75x | as long as short |
| Aster TRXUSDT | +0.0043% | 8h | 0.3445 | −0.076% | $956K | $659K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0059% | 8h | 0.3444 | −0.109% | $9K | $385 | 20x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3446 | −0.047% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0081% | 8h | 0.3444 | −0.099% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3443 | −0.150% | $33K | — | 3x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3444 | −0.108% | $482K | $630K | 10x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3444 | −0.099% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3444 | −0.105% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3446 | −0.044% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3444 | −0.099% | $9.5M | $2.2M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3444 | −0.099% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | −0.162% | $588K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.189% | $115K | $557K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3446 | −0.048% | $196K | $920K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3444 | −0.099% | $406 | $5K | 5x | as long as short |
| BloFin TRX-USDT | +0.0106% | 8h | 0.3444 | −0.102% | $4.6M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0339% | 1h | 0.3448 | long leg | $830K | $414K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0365% / S −0.0395% | 1h | 0.3445 | −0.084% | $20K | — | 100x | as long as short |
OKX TRX-USDT-SWAP
Extended TRX-USD
MEXC TRX_USDT
Binance TRXUSDT
Aster TRXUSDT
Paradex TRX-USD-PERP
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
Aevo TRX-PERP
Lighter TRX
Gate TRX_USDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]