Funding you earn now, next payment 08:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.115%
Price spread now: Deribit against gTrade (Gains Network)+0.088%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$2832.834% of the position
Funding, last 3 days (all we have)+0.176%+$18 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.088%, 7d avg +0.051%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.037% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3482 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 12m 42s | $126K | — | 150x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3485 | 0.0359 | get 0.0045% / 1h | 12m 42s | $856K | $758K | 25x |
gTrade (Gains Network) TRX/USD
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). 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
- $74.61
- Price spread: +0.088% → +0.051%
- $3.69
- Slippage, 4 orders
- −$266.36
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$205.06
- Costs to cover
- 2.834%
- Break-even
- 26.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 26 min ago; Deribit: live order book, 26 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 gTrade (Gains Network) virtual book (oracle venue), 26 min ago | 130.02 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Deribit live order book, 26 min ago | 3.15 bp | 6.7 bp −$7 | 10.3 bp −$103 | 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 | 0.3481 | −0.039% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0085% | 8h | 0.3481 | −0.038% | $834K | $958K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3482 | −0.005% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3484 | +0.034% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3482 | long leg | $126K | — | 150x | |
| SoDEX TRX-USD | +0.0019% | 1h | 0.3482 | −0.025% | $405 | $5K | 5x | as long as short |
| Backpack TRX_USDC_PERP | +0.0020% | 1h | 0.3481 | −0.030% | $62K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.188% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3482 | −0.019% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0087% | 8h | 0.3481 | −0.035% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
SoDEX TRX-USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
BingX TRX-USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3482 | −0.016% | $487K | $674K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | −0.022% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3485 | +0.082% | $13.4M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | −0.062% | $972K | $714K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3482 | −0.016% | $106.9M | $64.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | −0.010% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3482 | −0.019% | $15.6M | $10.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | −0.010% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | −0.019% | $19.1M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3483 | +0.030% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | −0.028% | $9.8M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.069% | $569K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3481 | −0.046% | $594K | $511K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3481 | −0.030% | $116K | $604K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.070% | $198K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3482 | −0.010% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | −0.050% | $206K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3480 | −0.059% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | −0.022% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3483 | +0.012% | $2.3M | $1.9M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0359% | 1h | 0.3485 | +0.088% | $856K | $758K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3482 | 0.000% | $20K | — | 100x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
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]