Funding you earn now, next payment 00:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.72 per $10,000 · paid last 24h −0.033%
Price spread now: Binance against Orderly+0.022%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.245%−$24 on $10k
+Price spread, last 3 days (all we have)+0.021%+$2 · spread now +0.022%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TRX_USDC | 0.3441 | 0.0090 | pay 0.0090% / 8h | 1h 20m | $14K | $107K | 20x |
| Short | Binance TRXUSDT | 0.3442 | 0.0018 | get 0.0018% / 8h | 1h 20m | $99.3M | $48.3M | 75x |
Orderly PERP_TRX_USDC
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$15.2
- Price spread: +0.022% → +0.007%
- $1.43
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.77
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 8 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 Binance live order book, 8 min ago | 0.14 bp | 5.1 bp −$5 | 9.9 bp −$99 | 35.1 bp −$3,506 | 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 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 | 0.3441 | −0.009% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.003% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0073% | 8h | 0.3440 | −0.030% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.038% | $5K | $13K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0055% | 8h | 0.3441 | −0.015% | $8.7M | $3.6M | 75x | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3441 | −0.003% | $54.6M | $8.2M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0026% | 1h | 0.3441 | −0.003% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0017% | 8h | 0.3440 | −0.037% | $826K | $719K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.038% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3441 | −0.003% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
KuCoin TRXUSDTM
Bybit TRXUSDT
Backpack TRX_USDC_PERP
HTX TRX-USDT
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3442 | +0.040% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0008% | 8h | 0.3441 | +0.011% | $957K | $658K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.015% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3441 | +0.009% | $18.2M | $1.7M | 200x | as long as short |
| Binance TRXUSDTshort | +0.0018% | 8h | 0.3442 | +0.022% | $99.3M | $48.3M | 75x | |
| Lighter TRX | +0.0024% | 1h | 0.3441 | −0.006% | $482K | $637K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.054% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0039% | 1h | 0.3441 | +0.009% | $402 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0054% | 8h | 0.3441 | −0.011% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0066% | 8h | 0.3442 | +0.012% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0079% | 8h | 0.3442 | +0.012% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.042% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | −0.006% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDClong | +0.0090% | 8h | 0.3441 | long leg | $14K | $107K | 20x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.052% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | +0.015% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | −0.003% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.002% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | +0.044% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.052% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0232% | 1h | 0.3444 | +0.098% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.031% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Extended TRX-USD
MEXC TRX_USDT
Lighter TRX
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]