Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.035%
Price spread now: dYdX against MEXC+0.063%62s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1621.625% of the position
Funding, last 7 days+0.442%+$44 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.063%, 7d avg +0.018%
=The price spread pays, funding is against you. dYdX is 0.046% dearer against MEXC than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.018%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours. Mind the row above: over the last 7 days funding on this pair paid +0.442%, so the current rate has only just turned against you. The two prices were read 62 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 | MEXC TRX_USDT | 0.3481 | 0.0100 | pay 0.0100% / 8h | 35m 44s | $19.2M | $2.3M | 200x |
| Short | dYdX TRX-USD | 0.3483 | 0 | get 0.0000% / 1h | 35m 44s | $183K | $12K | 10x |
MEXC TRX_USDT
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against MEXC. 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
- −$21
- Price spread: +0.063% → +0.018%
- $4.57
- Slippage, 4 orders
- −$148.46
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$178.89
- Costs to cover
- 1.625%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; dYdX: 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 MEXC live order book, 3 min ago | 0.14 bp | 2.1 bp −$2 | 3.5 bp −$35 | 25.9 bp −$2,591 | 40.3 bp −$20.2K |
| Sell dYdX live order book, 3 min ago | 66.39 bp | 72.1 bp −$72 | 72.8 bp −$728 | 73.5 bp −$7,348 | 326.2 bp −$163.1K |
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 | −0.012% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0077% | 8h | 0.3481 | −0.003% | $834K | $957K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3483 | +0.060% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0003% | 1h | 0.3481 | −0.003% | $62K | $5K | 10x | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3483 | +0.063% | $183K | $12K | 10x | |
| SoDEX TRX-USD | +0.0001% | 1h | 0.3482 | +0.011% | $405 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3483 | +0.050% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.152% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3481 | +0.009% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0083% | 8h | 0.3481 | −0.008% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
Backpack TRX_USDC_PERP
SoDEX TRX-USD
gTrade (Gains Network) TRX/USD
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 | 0.3481 | +0.009% | $487K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3481 | +0.003% | $14K | $61K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3485 | +0.118% | $13.3M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3481 | −0.017% | $971K | $714K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3481 | +0.010% | $106.7M | $63.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | +0.026% | $53.5M | $12.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3481 | +0.006% | $15.7M | $10.8M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | +0.020% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDTlong | +0.0100% | 8h | 0.3481 | long leg | $19.2M | $2.3M | 200x | |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3483 | +0.055% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | −0.014% | $9.8M | $4.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3481 | −0.008% | $569K | $33K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.032% | $594K | $462K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3482 | +0.014% | $116K | $596K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.044% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3482 | +0.029% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3480 | −0.029% | $209K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3479 | −0.051% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.026% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3483 | +0.045% | $2.4M | $1.9M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3482 | +0.036% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0698% | 1h | 0.3486 | +0.132% | $875K | $745K | 25x | 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
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]
Deribit TRX_USDC-PERPETUAL