Funding you earn now, next payment 11:00 UTC+0.0455%/8h= +49.8% APRnext payment +$0.57 per $10,000 · paid last 24h +0.172%
Price spread now: Deribit against Reya+0.145%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$14 a day on $10k at the current rate, and Deribit is 0.145% dearer against Reya than usual: you sell high and buy low: +$15 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 | 0.3461 | −0.0133 | get 0.0017% / 1h | 6m 18s | $5 | — | 20x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3466 | 0.0322 | get 0.0040% / 1h | 6m 18s | $788K | $713K | 25x |
Reya TRXRUSDPERP
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $95.5
- Price spread: +0.145% → 0.000%
- $14.51
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $97.01
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Deribit: live order book, 41 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 Deribit live order book, 41 min ago | 0.14 bp | 3.6 bp −$4 | doesn't fit | doesn't fit | 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 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 | −0.0360% | 8h | 0.3463 | +0.055% | $975K | $992K | 75x | as long as short |
| HTX TRX-USDT | −0.0177% | 8h | 0.3462 | +0.037% | $829K | $886K | 75x | as long as short |
| Reya TRXRUSDPERPlong | −0.0133% | 1h | 0.3461 | long leg | $5 | — | 20x | |
| Backpack TRX_USDC_PERP | −0.0064% | 1h | 0.3463 | +0.055% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3466 | +0.130% | $5K | $14K | 10x | as long as short |
| Bybit TRXUSDT | −0.0027% | 8h | 0.3461 | −0.003% | $53.3M | $13.7M | 75x | as long as short |
| SoDEX TRX-USD | −0.0012% | 1h | 0.3463 | +0.069% | $403 | $5K | 5x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3465 | +0.110% | $136K | — | 150x | as long as short |
| BingX TRX-USDC | +0.0009% | 8h | 0.3462 | +0.034% | — | $6.5M | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.581% | $1K | $163K | 12x | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Backpack TRX_USDC_PERP
Phoenix TRX
Bybit TRXUSDT
SoDEX TRX-USD
gTrade (Gains Network) TRX/USD
BingX TRX-USDC
Injective TRX/USDC PERPShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX TRX-USD | +0.0036% | 1h | 0.3464 | +0.091% | $182K | $10K | 10x | as long as short |
| Bitget TRXUSDT | +0.0043% | 8h | 0.3462 | +0.014% | $9.7M | $4.4M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0071% | 8h | 0.3463 | +0.053% | $9K | $52 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | +0.081% | $483K | $670K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3463 | +0.055% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3467 | +0.173% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3463 | +0.065% | $105.2M | $65.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3462 | +0.037% | $15.2M | $11.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3463 | +0.049% | $9.4M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3464 | +0.078% | $18.6M | $2.5M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3463 | +0.066% | $8.3M | $3.6M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3462 | +0.015% | $566K | $47K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3463 | +0.069% | $591K | $512K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3466 | +0.144% | $116K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3462 | +0.036% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3464 | +0.078% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3461 | +0.011% | $215K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3461 | −0.003% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3466 | +0.138% | $4.7M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0270% | 1h | 0.3464 | +0.081% | $2.3M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0322% | 1h | 0.3466 | +0.145% | $788K | $713K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0408% / S −0.0492% | 1h | 0.3464 | +0.090% | $20K | — | 100x | as long as short |
dYdX TRX-USD
Bitget TRXUSDT
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
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]