Funding you earn now, next payment 03:00 UTC−0.0555%/8h= −60.8% APRpaid last 24h −0.048%
Price spread now: Orderly against Deribit−0.059%55s7-day average −0.073% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.052%+$5 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.059%, 7d avg −0.073%
=The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TRX_USDC-PERPETUAL | 0.3484 | 0.0652 | pay 0.0082% / 1h | 58m 30s | $818K | $479K | 25x |
| Short | Orderly PERP_TRX_USDC | 0.3482 | 0.0097 | get 0.0097% / 8h | 5h 58m | $14K | $122K | 20x |
Deribit TRX_USDC-PERPETUAL
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$116.63
- Price spread: −0.059% → −0.073%
- $1.33
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$128.29
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 5 min ago; Orderly: 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 Deribit live order book, 5 min ago | 2.15 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 31 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 | 0.3483 | −0.031% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3478 | −0.160% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3481 | −0.074% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3483 | −0.032% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.233% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | +0.0058% | 8h | 0.3483 | −0.022% | $8.7M | $3.5M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3482 | −0.059% | $486K | $661K | 10x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0097% | 8h | 0.3482 | −0.059% | $14K | $122K | 20x | |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3481 | −0.094% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3484 | −0.002% | $13.0M | $2.5M | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Lighter TRX
Paradex TRX-USD-PERP
Hyperliquid TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0100% | 8h | 0.3482 | −0.065% | $962K | $691K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3484 | −0.008% | $103.9M | $54.8M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3483 | −0.019% | $54.1M | $10.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | −0.011% | $15.6M | $9.2M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | −0.045% | $9.7M | $2.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3483 | −0.016% | $19.0M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3483 | −0.022% | $10.4M | $3.3M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.011% | — | $32.8M | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3479 | −0.131% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | −0.174% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3477 | −0.199% | $593K | $466K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3478 | −0.183% | $116K | $563K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.315% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3481 | −0.082% | $409 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.126% | $839K | $814K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3480 | −0.105% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.078% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3479 | −0.154% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3483 | −0.034% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0585% | 1h | 0.3481 | −0.072% | $2.4M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0652% | 1h | 0.3484 | long leg | $818K | $479K | 25x |
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD