Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Aster against Phemex−0.007%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.007%, 7d avg +0.014%
=Together, before fees+0.111%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.021% cheaper against Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3476 | 0.0100 | pay 0.0100% / 8h | 6h 20m | $3.9M | $1.7M | 50x |
| Short | Aster TRXUSDT | 0.3476 | 0.0100 | get 0.0100% / 8h | 6h 20m | $960K | $672K | 75x |
Phemex TRXUSDT
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $0
- Price spread: −0.007% → +0.014%
- −$2.05
- Slippage, 4 orders
- −$10.13
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$32.18
- Costs to cover
- 0.301%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Aster: live order book, 48 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 Phemex live order book, 4 min ago | 1.01 bp | 7.6 bp −$8 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Aster live order book, 48 min ago | 0.14 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
TRX on 31 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 | 0.3476 | −0.001% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3476 | 0.000% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3476 | −0.001% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3478 | +0.035% | $122K | — | 150x | as long as short |
| KuCoin TRXUSDTM | +0.0013% | 8h | 0.3477 | +0.012% | $8.7M | $3.5M | 75x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.018% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0068% | 1h | 0.3475 | −0.037% | $59K | $4K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3476 | −0.006% | — | $6.5M | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0095% | 8h | 0.3477 | +0.023% | $14K | $122K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3477 | +0.006% | $485K | $663K | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
KuCoin TRXUSDTM
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
Orderly PERP_TRX_USDC
Lighter TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0098% | 8h | 0.3476 | −0.017% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3477 | +0.017% | $13.0M | $2.5M | 10x | as long as short |
| Aster TRXUSDTshort | +0.0100% | 8h | 0.3476 | −0.007% | $960K | $672K | 75x | |
| Binance TRXUSDT | +0.0100% | 8h | 0.3476 | −0.012% | $103.2M | $52.9M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3476 | −0.003% | $54.7M | $10.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3476 | −0.006% | $15.6M | $9.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3476 | −0.009% | $9.7M | $2.7M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3476 | −0.023% | $18.7M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3477 | +0.006% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3475 | −0.044% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3472 | −0.136% | $593K | $451K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | −0.129% | $115K | $561K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.098% | $197K | $1.1M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3476 | −0.026% | $407 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3473 | −0.095% | $835K | $807K | 75x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3476 | long leg | $3.9M | $1.7M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3477 | +0.020% | $194K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3475 | −0.041% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3478 | +0.037% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0523% | 1h | 0.3477 | +0.016% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0587% | 1h | 0.3480 | +0.111% | $806K | $468K | 25x | as long as short |
Paradex TRX-USD-PERP
Hyperliquid TRX
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL