Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.039%
Price spread now: Bybit against HTX+0.090%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 7 days+0.248%+$25 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.090%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.071% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TRX-USDT | 0.3485 | 0.0070 | pay 0.0070% / 8h | 2h 59m | $825K | $869K | 75x |
| Short | Bybit TRXUSDT | 0.3488 | 0.0100 | get 0.0100% / 8h | 2h 59m | $54.0M | $11.9M | 75x |
HTX TRX-USDT
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- $6.39
- Price spread: +0.090% → +0.019%
- $7.1
- Slippage, 4 orders
- −$13.77
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23.29
- Costs to cover
- 0.368%
- Break-even
- 32.5 days
Slippage from HTX: live order book, 54 min ago; Bybit: live order book, 4 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 HTX live order book, 54 min ago | 4.37 bp | 10.4 bp −$10 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.43 bp | 6.9 bp −$7 | 10.3 bp −$103 | 39.8 bp −$3,978 | 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 | 0.3487 | +0.053% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3488 | +0.081% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3486 | +0.043% | $183K | $9K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.071% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.259% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDTlong | +0.0070% | 8h | 0.3485 | long leg | $825K | $869K | 75x | |
| BingX TRX-USDC | +0.0070% | 8h | 0.3489 | +0.115% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3489 | +0.118% | $487K | $666K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3487 | +0.052% | $14K | $60K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3487 | +0.052% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3492 | +0.193% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3489 | +0.110% | $966K | $698K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3489 | +0.127% | $106.5M | $61.5M | 75x | as long as short |
| Bybit TRXUSDTshort | +0.0100% | 8h | 0.3488 | +0.090% | $54.0M | $11.9M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3489 | +0.115% | $15.6M | $10.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3488 | +0.101% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3489 | +0.130% | $19.0M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3488 | +0.081% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3490 | +0.135% | $10.6M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | +0.038% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | 0.000% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | +0.046% | $595K | $471K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3486 | +0.035% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | +0.009% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3487 | +0.069% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3488 | +0.081% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3488 | +0.101% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3486 | +0.021% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3487 | +0.064% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.061% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0491% | 1h | 0.3487 | +0.073% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0536% | 1h | 0.3491 | +0.168% | $853K | $558K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL