Funding you earn now, next payment 23:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.031%
Price spread now: Binance against Reya+0.021%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.021% dearer against Reya than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya TRXRUSDPERP | 0.3438 | −0.0133 | get 0.0017% / 1h | 8m 01s | $5 | — | 20x |
| Short | Binance TRXUSDT | 0.3439 | 0.0016 | get 0.0016% / 8h | 1h 08m | $99.2M | $48.2M | 75x |
Reya TRXRUSDPERP
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Reya. 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
- $31.45
- Price spread: +0.021% → 0.000%
- $2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $17.54
- Costs to cover
- 0.160%
- Break-even
- 3.1 days
Slippage unknown: Reya: no order-book sample; Binance: live order book, 5 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 Reya no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 0.14 bp | 6.2 bp −$6 | 9.9 bp −$99 | 33.6 bp −$3,361 | doesn't fit |
Reya: 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 TRXRUSDPERPlong | −0.0133% | 1h | 0.3438 | long leg | $5 | — | 20x | |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.076% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | −0.0077% | 8h | 0.3438 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| Variational Omni TRX | −0.0070% | 8h | 0.3439 | +0.019% | $562K | $38K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3441 | +0.070% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0053% | 8h | 0.3439 | +0.018% | $54.6M | $8.2M | 75x | as long as short |
| HTX TRX-USDT | −0.0023% | 8h | 0.3437 | −0.045% | $825K | $721K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0017% | 1h | 0.3440 | +0.050% | $58K | $4K | 10x | as long as short |
| OKX TRX-USDT-SWAP | −0.0002% | 8h | 0.3439 | +0.021% | $15.5M | $8.8M | 50x | as long as short |
| Lighter TRX | 0.0000% | 1h | 0.3438 | +0.003% | $482K | $637K | 10x | as long as short |
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
OKX TRX-USDT-SWAP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USD | 0.0000% | 1h | 0.3441 | +0.066% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3440 | +0.057% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0016% | 8h | 0.3440 | +0.056% | $956K | $659K | 75x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3438 | −0.008% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0016% | 8h | 0.3439 | +0.021% | $18.2M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.0016% | 1h | 0.3439 | +0.021% | $403 | $5K | 5x | as long as short |
| Binance TRXUSDTshort | +0.0016% | 8h | 0.3439 | +0.021% | $99.2M | $48.2M | 75x | |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | +0.073% | $1.9M | $1.0M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0037% | 8h | 0.3439 | +0.023% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0066% | 8h | 0.3440 | +0.035% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0075% | 8h | 0.3439 | +0.021% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0084% | 8h | 0.3439 | +0.015% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3438 | −0.023% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3439 | +0.024% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3441 | +0.073% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3439 | +0.006% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3440 | +0.038% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.029% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.088% | $115K | $550K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.078% | $196K | $919K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3440 | +0.049% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0459% | 1h | 0.3443 | +0.140% | $832K | $411K | 25x | as long as short |
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
Extended TRX-USD
MEXC TRX_USDT
SoDEX TRX-USD
Kraken Futures PF_TRXUSD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL