Funding you earn now, next payment 00:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.79 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against Gate+0.032%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.032%, 7d avg +0.003%
=The price spread pays, funding is against you. Binance is 0.028% dearer against Gate than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.003%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3439 | 0.0089 | pay 0.0089% / 8h | 1h 32m | $9.6M | $2.5M | 75x |
| Short | Binance TRXUSDT | 0.3441 | 0.0010 | get 0.0010% / 8h | 1h 32m | $99.3M | $48.3M | 75x |
Gate TRX_USDT
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$16.52
- Price spread: +0.032% → +0.003%
- $2.82
- Slippage, 4 orders
- −$9.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.48
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Binance: live order book, 10 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 Gate live order book, 1 min ago | 0.44 bp | 11.9 bp −$12 | 23.0 bp −$230 | 33.8 bp −$3,380 | 60.6 bp −$30.3K |
| Sell Binance live order book, 10 min ago | 0.14 bp | 5.1 bp −$5 | 7.8 bp −$78 | 32.9 bp −$3,294 | 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 | 0.3439 | −0.003% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.044% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0082% | 8h | 0.3440 | +0.018% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0072% | 8h | 0.3440 | +0.015% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.067% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0044% | 1h | 0.3441 | +0.029% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0043% | 8h | 0.3439 | −0.006% | $8.7M | $3.7M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3440 | +0.008% | $826K | $716K | 75x | as long as short |
| SoDEX TRX-USD | −0.0012% | 1h | 0.3440 | +0.015% | $404 | $5K | 5x | as long as short |
| Aster TRXUSDT | −0.0008% | 8h | 0.3441 | +0.042% | $958K | $658K | 75x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
SoDEX TRX-USD
Aster TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | −0.0002% | 8h | 0.3440 | +0.015% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.094% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.067% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | +0.015% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3439 | −0.006% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0010% | 8h | 0.3441 | +0.035% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDTshort | +0.0010% | 8h | 0.3441 | +0.032% | $99.3M | $48.3M | 75x | |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3442 | +0.068% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0041% | 8h | 0.3439 | 0.000% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0048% | 8h | 0.3440 | +0.024% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0068% | 8h | 0.3441 | +0.035% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | +0.004% | $33K | — | 3x | as long as short |
| Gate TRX_USDTlong | +0.0089% | 8h | 0.3439 | long leg | $9.6M | $2.5M | 75x | |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3440 | +0.023% | $14K | $107K | 20x | as long as short |
| BingX TRX-USDC | +0.0097% | 8h | 0.3440 | +0.020% | — | $6.5M | — | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.070% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3440 | +0.020% | $9.4M | $2.0M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | +0.025% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.032% | $115K | $546K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3442 | +0.064% | $196K | $917K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.066% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0433% | 1h | 0.3445 | +0.147% | $832K | $411K | 25x | as long as short |
OKX TRX-USDT-SWAP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
BingX TRX-USDC
Hyperliquid TRX
Bitget TRXUSDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL