Funding you earn now, next payment 16:00 UTC−0.0274%/8h= −30.0% APRnext payment −$2.74 per $10,000 · paid last 24h −0.061%
Price spread now: HTX against Phemex−0.061%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.436%−$44 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.061%, 7d avg −0.047%
=The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3464 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $3.9M | $2.0M | 50x |
| Short | HTX TRX-USDT | 0.3461 | −0.0174 | pay 0.0174% / 8h | 5h 03m | $829K | $886K | 75x |
Phemex TRXUSDT
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$57.55
- Price spread: −0.061% → −0.047%
- −$1.45
- Slippage, 4 orders
- −$13.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$96.76
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 43 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, 3 min ago | 1.44 bp | 7.6 bp −$8 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell HTX live order book, 43 min ago | 3.41 bp | 12.9 bp −$13 | 20.4 bp −$204 | doesn't fit | doesn't fit |
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 TRXUSDT | −0.0358% | 8h | 0.3463 | −0.010% | $975K | $993K | 75x | as long as short |
| HTX TRX-USDTshort | −0.0174% | 8h | 0.3461 | −0.061% | $829K | $886K | 75x | |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3462 | −0.048% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0065% | 1h | 0.3463 | −0.023% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3464 | +0.014% | $5K | $14K | 10x | as long as short |
| Bybit TRXUSDT | −0.0038% | 8h | 0.3462 | −0.046% | $53.3M | $13.8M | 75x | as long as short |
| BingX TRX-USDT | −0.0019% | 8h | 0.3463 | −0.023% | — | $32.5M | — | as long as short |
| SoDEX TRX-USD | −0.0013% | 1h | 0.3463 | −0.006% | $400 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3464 | +0.016% | $136K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.653% | $1K | $163K | 12x | as long as short |
Aster TRXUSDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
Bybit TRXUSDT
BingX TRX-USDT
SoDEX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERPShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TRXUSDT | +0.0040% | 8h | 0.3463 | −0.020% | $9.7M | $4.4M | 75x | as long as short |
| dYdX TRX-USD | +0.0040% | 1h | 0.3464 | +0.019% | $182K | $10K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0071% | 8h | 0.3462 | −0.036% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | +0.003% | $484K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3463 | −0.012% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.110% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3463 | −0.003% | $105.2M | $65.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3463 | −0.014% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | −0.023% | $9.4M | $3.5M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3464 | +0.003% | $18.4M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3464 | +0.017% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3460 | −0.116% | $567K | $48K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | −0.022% | $591K | $512K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3466 | +0.072% | $116K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.042% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3464 | long leg | $3.9M | $2.0M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3462 | −0.058% | $215K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3461 | −0.064% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3463 | −0.006% | $4.7M | $4.0M | 50x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0255% | 1h | 0.3466 | +0.072% | $788K | $713K | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0270% | 1h | 0.3464 | +0.009% | $2.3M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3464 | +0.018% | $20K | — | 100x | as long as short |
Bitget TRXUSDT
dYdX TRX-USD
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Deribit TRX_USDC-PERPETUAL
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]