Funding you earn now, next payment 02:00 UTC+0.0471%/8h= +51.6% APRnext payment +$0.59 per $10,000 · paid last 24h +0.073%
Price spread now: Deribit against Extended+0.093%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.093%, 7d avg +0.110%
=Together, before fees+0.185%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 per $10,000. 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 | Extended TRX-USD | 0.3466 | 0.0104 | pay 0.0013% / 1h | 47m 44s | $195K | $1.0M | 25x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3469 | 0.0575 | get 0.0072% / 1h | 47m 44s | $786K | $424K | 25x |
Extended TRX-USD
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- $98.94
- Price spread: +0.093% → +0.110%
- −$1.74
- Slippage, 4 orders
- −$5.17
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $80.03
- Costs to cover
- 0.172%
- Break-even
- 1.3 days
Slippage from Extended: live order book, just now; Deribit: live order book, 21 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 Extended live order book, just now | 0.43 bp | 3.8 bp −$4 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 21 min ago | 1.15 bp | 4.9 bp −$5 | doesn't fit | 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 | 0.3465 | −0.009% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | +0.009% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0044% | 8h | 0.3467 | +0.029% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3466 | +0.019% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3466 | +0.008% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0006% | 1h | 0.3464 | −0.040% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.715% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3464 | −0.063% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3465 | −0.024% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3466 | −0.006% | $485K | $618K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3468 | +0.061% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3466 | −0.007% | $957K | $668K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3466 | +0.017% | $101.9M | $49.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3467 | +0.020% | $55.1M | $8.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3467 | +0.029% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3467 | +0.023% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3466 | +0.018% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3467 | +0.044% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3466 | +0.009% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3465 | −0.024% | $565K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.073% | $591K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3464 | −0.037% | $115K | $567K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.103% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3466 | 0.000% | $403 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3464 | −0.042% | $833K | $792K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3466 | −0.008% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USDlong | +0.0104% | 1h | 0.3466 | long leg | $195K | $1.0M | 25x | |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3464 | −0.051% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | −0.017% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3465 | −0.021% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3467 | +0.036% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0575% | 1h | 0.3469 | +0.093% | $786K | $424K | 25x |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD