Funding you earn now, next payment 16:00 UTC−0.0305%/8h= −33.4% APRnext payment −$3.05 per $10,000 · paid last 24h −0.024%
Price spread now: Aster against Orderly−0.178%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.178% cheaper against Orderly than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.05 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRX_USDC | 0.3491 | 0.0099 | pay 0.0099% / 8h | 6h 20m | $14K | $71K | 20x |
| Short | Aster TRXUSDT | 0.3485 | −0.0206 | pay 0.0206% / 8h | 6h 20m | $969K | $924K | 75x |
Orderly PERP_TRX_USDC
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- −$64.02
- Price spread: −0.178% → 0.000%
- −$17.83
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$95.85
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 30 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 30 min ago | 0.14 bp | 4.7 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TRX on 32 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDTshort | −0.0206% | 8h | 0.3485 | −0.178% | $969K | $924K | 75x | |
| HTX TRX-USDT | −0.0203% | 8h | 0.3489 | −0.054% | $835K | $947K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3491 | −0.007% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3492 | +0.043% | $5K | $14K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0012% | 1h | 0.3491 | −0.011% | $63K | $5K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3491 | +0.012% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3492 | +0.031% | $126K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.429% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3491 | +0.014% | — | $32.5M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3491 | +0.011% | $484K | $669K | 10x | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
Backpack TRX_USDC_PERP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRXShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3491 | −0.004% | $9K | $52 | 20x | as long as short |
| Orderly PERP_TRX_USDClong | +0.0099% | 8h | 0.3491 | long leg | $14K | $71K | 20x | |
| Binance TRXUSDT | +0.0100% | 8h | 0.3491 | +0.013% | $107.5M | $64.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3492 | +0.032% | $53.7M | $13.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3492 | +0.032% | $15.5M | $11.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3492 | +0.017% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3492 | +0.029% | $18.9M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3491 | +0.014% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3491 | −0.003% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3491 | −0.003% | $578K | $30K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3487 | −0.117% | $595K | $509K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3487 | −0.117% | $117K | $618K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3489 | −0.043% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3491 | +0.011% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3491 | +0.011% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3490 | −0.017% | $213K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3490 | −0.037% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3490 | −0.029% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0256% | 1h | 0.3492 | +0.037% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3492 | +0.020% | $20K | — | 100x | as long as short |
| Hyperliquid TRX | +0.0453% | 1h | 0.3496 | +0.147% | $14.2M | $2.6M | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0643% | 1h | 0.3495 | +0.123% | $807K | $740K | 25x | as long as short |
Paradex TRX-USD-PERP
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
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
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Hyperliquid TRX
Deribit TRX_USDC-PERPETUAL