Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.016%
Price spread now: Phemex against gTrade (Gains Network)+0.062%50s7-day average −0.017% · 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—prices read too far apart to compare
costs, in and out, $10k−$2852.855% of the position
Funding, last 3 days (all we have)+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.062%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.079% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3473 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 15m 20s | $122K | — | 150x |
| Short | Phemex TRXUSDT | 0.3475 | 0.0100 | get 0.0100% / 8h | 6h 15m | $3.9M | $1.7M | 50x |
gTrade (Gains Network) TRX/USD
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $20.34
- Price spread: +0.062% → −0.017%
- $7.92
- Slippage, 4 orders
- −$263.49
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$257.23
- Costs to cover
- 2.855%
- Break-even
- 95.5 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 54 min ago; Phemex: live order book, 3 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), 54 min ago | 130.01 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Phemex live order book, 3 min ago | 0.72 bp | 7.8 bp −$8 | 14.6 bp −$146 | doesn't fit | doesn't fit |
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 | 0.3472 | −0.029% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3476 | +0.085% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3472 | −0.015% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3473 | long leg | $122K | — | 150x | |
| KuCoin TRXUSDTM | +0.0023% | 8h | 0.3472 | −0.033% | $8.7M | $3.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.917% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0074% | 1h | 0.3473 | +0.013% | $59K | $4K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0095% | 8h | 0.3472 | −0.013% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3473 | −0.007% | $484K | $663K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0098% | 8h | 0.3471 | −0.039% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
KuCoin TRXUSDTM
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Orderly PERP_TRX_USDC
Lighter TRX
Paradex TRX-USD-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3473 | +0.013% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3471 | −0.060% | $959K | $672K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3473 | +0.010% | $103.3M | $53.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3473 | +0.013% | $54.4M | $10.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3474 | +0.028% | $15.6M | $9.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3473 | −0.007% | $9.7M | $2.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3472 | −0.021% | $18.9M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3474 | +0.033% | $10.3M | $3.3M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.001% | — | $32.8M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3475 | +0.058% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3474 | +0.036% | $592K | $463K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3474 | +0.033% | $116K | $560K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | −0.088% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3473 | +0.019% | $407 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3472 | −0.023% | $835K | $807K | 75x | as long as short |
| Phemex TRXUSDTshort | +0.0100% | 8h | 0.3475 | +0.062% | $3.9M | $1.7M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3473 | −0.003% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3471 | −0.056% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3472 | −0.025% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0524% | 1h | 0.3475 | +0.054% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0654% | 1h | 0.3477 | +0.117% | $806K | $468K | 25x | as long as short |
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
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL