Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.0% APRnext payment −$0.92 per $10,000 · paid last 24h +0.012%
Price spread now: OKX against Gate0.000%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now 0.000%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3439 | 0.0099 | pay 0.0099% / 8h | 2h 05m | $9.7M | $2.5M | 75x |
| Short | OKX TRX-USDT-SWAP | 0.3439 | 0.0007 | get 0.0007% / 8h | 2h 05m | $15.5M | $8.8M | 50x |
Gate TRX_USDT
OKX TRX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$19.25
- Price spread: 0.000% → −0.001%
- $0.12
- Slippage, 4 orders
- −$15.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$59.48
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; OKX: 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 Gate live order book, 3 min ago | 1.02 bp | 13.0 bp −$13 | 25.4 bp −$254 | 32.2 bp −$3,223 | 58.7 bp −$29.3K |
| Sell OKX live order book, 3 min ago | 0.44 bp | 7.5 bp −$8 | 13.4 bp −$134 | 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 | 0.3439 | +0.008% | $5 | — | 20x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3440 | +0.041% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0084% | 8h | 0.3439 | −0.003% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.099% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0051% | 1h | 0.3440 | +0.032% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | +0.029% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0031% | 8h | 0.3441 | +0.058% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3439 | +0.006% | $826K | $712K | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0002% | 8h | 0.3439 | −0.012% | $8.7M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.074% | $121K | — | 150x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
KuCoin TRXUSDTM
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0004% | 8h | 0.3440 | +0.023% | $17.9M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0004% | 8h | 0.3440 | +0.022% | $99.3M | $49.0M | 75x | as long as short |
| OKX TRX-USDT-SWAPshort | +0.0007% | 8h | 0.3439 | 0.000% | $15.5M | $8.8M | 50x | |
| Lighter TRX | +0.0008% | 1h | 0.3439 | +0.012% | $482K | $639K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3438 | −0.018% | $196K | $1.1M | 25x | as long as short |
| BloFin TRX-USDT | +0.0017% | 8h | 0.3441 | +0.064% | $4.6M | $4.0M | 50x | as long as short |
| SoDEX TRX-USD | +0.0041% | 1h | 0.3440 | +0.032% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0056% | 8h | 0.3439 | +0.014% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3440 | +0.032% | $3.8M | $1.6M | 50x | as long as short |
| BingX TRX-USDC | +0.0080% | 8h | 0.3440 | +0.017% | — | $6.5M | — | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.006% | $33K | — | 3x | as long as short |
| Bitget TRXUSDT | +0.0082% | 8h | 0.3439 | +0.003% | $9.4M | $2.1M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3442 | +0.084% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3440 | +0.041% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDTlong | +0.0099% | 8h | 0.3439 | long leg | $9.7M | $2.5M | 75x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.067% | $13.2M | $2.2M | 10x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.058% | $587K | $435K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.029% | $115K | $544K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.103% | $196K | $918K | 30x | as long as short |
| dYdX TRX-USD | +0.0105% | 1h | 0.3441 | +0.052% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0255% | 1h | 0.3444 | +0.150% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.071% | $20K | — | 100x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
BloFin TRX-USDT
SoDEX TRX-USD
Paradex TRX-USD-PERP
Phemex TRXUSDT
BingX TRX-USDC
Aevo TRX-PERP
Bitget TRXUSDT
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]