Funding you earn now, next payment 01:00 UTC−0.0446%/8h= −48.8% APRpaid last 24h −0.037%
Price spread now: SunX against Deribit−0.165%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1231.232% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.165%, 7d avg −0.164%
=The price spread sits at its 7-day average of −0.164%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% 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 | 0.3459 | 0.0546 | pay 0.0068% / 1h | 27m 28s | $835K | $407K | 25x |
| Short | SunX TRX-USDT | 0.3453 | 0.0100 | get 0.0100% / 8h | 7h 27m | $196K | $949K | 30x |
Deribit TRX_USDC-PERPETUAL
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$93.59
- Price spread: −0.165% → −0.164%
- −$0.12
- Slippage, 4 orders
- −$108.15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$216.87
- Costs to cover
- 1.232%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 46 min ago; SunX: live order book, 25 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, 46 min ago | 1.89 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 25 min ago | 15.48 bp | 53.2 bp −$53 | 72.5 bp −$725 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3454 | −0.140% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3454 | −0.134% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3457 | −0.067% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3456 | −0.074% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3456 | −0.093% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.518% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | +0.0034% | 8h | 0.3454 | −0.144% | $565K | $36K | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0050% | 1h | 0.3454 | −0.128% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0066% | 8h | 0.3454 | −0.141% | $830K | $753K | 75x | as long as short |
| MEXC TRX_USDT | +0.0068% | 8h | 0.3455 | −0.122% | $18.4M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
Backpack TRX_USDC_PERP
HTX TRX-USDT
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0070% | 8h | 0.3455 | −0.122% | $100.5M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0072% | 1h | 0.3454 | −0.149% | $194K | $1.3M | 25x | as long as short |
| OKX TRX-USDT-SWAP | +0.0075% | 8h | 0.3455 | −0.102% | $15.5M | $8.4M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0089% | 8h | 0.3454 | −0.129% | $9K | $330 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3455 | −0.117% | $15K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3454 | −0.128% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3453 | −0.163% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3457 | −0.064% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3456 | −0.092% | $957K | $662K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3454 | −0.140% | $54.9M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3455 | −0.102% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3454 | −0.131% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3455 | −0.114% | — | $40.2M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3455 | −0.117% | $590K | $437K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3454 | −0.143% | $115K | $569K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3453 | −0.165% | $196K | $949K | 30x | |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3456 | −0.099% | $402 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3455 | −0.105% | $3.9M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3457 | −0.058% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0187% | 8h | 0.3454 | −0.143% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3455 | −0.117% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0546% | 1h | 0.3459 | long leg | $835K | $407K | 25x |
Binance TRXUSDT
Extended TRX-USD
OKX TRX-USDT-SWAP
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
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]