Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.033%
Price spread now: dYdX against OKX+0.082%50s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as 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−$1991.993% of the position
Funding, last 7 days+0.453%+$45 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.082%, 7d avg +0.026%
=The price spread pays, funding is against you. dYdX is 0.056% dearer against OKX than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.026%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.453%, so the current rate has only just turned against you. 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 | OKX TRX-USDT-SWAP | 0.3488 | 0.0100 | pay 0.0100% / 8h | 2h 48m | $15.5M | $10.3M | 50x |
| Short | dYdX TRX-USD | 0.3490 | 0 | get 0.0000% / 1h | 48m 48s | $183K | $12K | 10x |
OKX TRX-USDT-SWAP
dYdX TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against OKX. 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: +0.082% → +0.026%
- $5.6
- Slippage, 4 orders
- −$179.34
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$214.74
- Costs to cover
- 1.993%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; dYdX: live order book, 65 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 OKX live order book, 5 min ago | 0.14 bp | 7.4 bp −$7 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 65 min ago | 87.60 bp | 92.9 bp −$93 | 92.9 bp −$929 | 110.7 bp −$11.1K | 560.6 bp −$280.3K |
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 | 0.3488 | +0.028% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3490 | +0.075% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USDshort | 0.0000% | 1h | 0.3490 | +0.082% | $183K | $12K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3490 | +0.071% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.333% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0060% | 8h | 0.3487 | −0.018% | $826K | $871K | 75x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3488 | +0.014% | — | $6.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3488 | +0.011% | $487K | $666K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3489 | +0.046% | $14K | $60K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3489 | +0.036% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
HTX TRX-USDT
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 | 0.3491 | +0.102% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3489 | +0.047% | $966K | $696K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3488 | +0.014% | $106.8M | $61.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3488 | +0.009% | $54.0M | $11.9M | 75x | as long as short |
| OKX TRX-USDT-SWAPlong | +0.0100% | 8h | 0.3488 | long leg | $15.5M | $10.3M | 50x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3488 | +0.011% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3488 | +0.023% | $18.9M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3488 | +0.020% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3489 | +0.037% | $10.6M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3488 | +0.023% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3489 | +0.040% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3489 | +0.045% | $595K | $473K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3490 | +0.072% | $116K | $580K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3487 | −0.012% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3489 | +0.046% | $414 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3489 | +0.057% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3487 | −0.017% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3487 | −0.006% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3489 | +0.046% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0491% | 1h | 0.3489 | +0.056% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0415% | 1h | 0.3489 | +0.057% | $2.4M | $1.7M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0750% | 1h | 0.3494 | +0.180% | $896K | $627K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
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
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL