Funding you earn now, next payment 21:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.049%
Price spread now: Phemex against Reya+0.029%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 +$7 a day on $10k at the current rate, and Phemex is 0.029% dearer against Reya than usual: you sell high and buy low: +$3 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 | 0.3442 | −0.0133 | get 0.0017% / 1h | 31m 12s | $5 | — | 20x |
| Short | Phemex TRXUSDT | 0.3443 | 0.0089 | get 0.0089% / 8h | 3h 31m | $3.8M | $1.6M | 50x |
Reya TRXRUSDPERP
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $46.73
- Price spread: +0.029% → 0.000%
- $2.86
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $31.59
- Costs to cover
- 0.180%
- Break-even
- 2.3 days
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 0.29 bp | 6.6 bp −$7 | 13.3 bp −$133 | 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 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 | 0.3442 | long leg | $5 | — | 20x | |
| BingX TRX-USDC | −0.0113% | 8h | 0.3442 | +0.005% | — | $6.5M | — | as long as short |
| Bybit TRXUSDT | −0.0102% | 8h | 0.3442 | −0.006% | $54.7M | $7.6M | 75x | as long as short |
| Variational Omni TRX | −0.0081% | 8h | 0.3442 | −0.019% | $564K | $37K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.017% | $5K | $13K | 10x | as long as short |
| Aster TRXUSDT | −0.0051% | 8h | 0.3442 | −0.001% | $952K | $632K | 75x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3442 | −0.006% | $1K | $77K | 12x | as long as short |
| HTX TRX-USDT | −0.0028% | 8h | 0.3443 | +0.010% | $829K | $675K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0007% | 1h | 0.3443 | +0.008% | $59K | $5K | 10x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3442 | −0.008% | $196K | $1.1M | 25x | as long as short |
BingX TRX-USDC
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Aster TRXUSDT
Injective TRX/USDC PERP
HTX TRX-USDT
Backpack TRX_USDC_PERP
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | 0.0000% | 8h | 0.3443 | +0.017% | $17.1M | $1.6M | 200x | as long as short |
| Binance TRXUSDT | +0.0001% | 8h | 0.3443 | +0.015% | $99.4M | $49.4M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3445 | +0.067% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3442 | +0.005% | $15.6M | $8.6M | 50x | as long as short |
| SoDEX TRX-USD | +0.0007% | 1h | 0.3443 | +0.011% | $405 | $5K | 5x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3442 | 0.000% | $484K | $626K | 10x | as long as short |
| BloFin TRX-USDT | +0.0015% | 8h | 0.3443 | +0.014% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0020% | 1h | 0.3445 | +0.076% | $183K | $6K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0038% | 8h | 0.3443 | +0.011% | $9K | $384 | 20x | as long as short |
| Bitget TRXUSDT | +0.0067% | 8h | 0.3442 | +0.002% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3441 | −0.022% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0086% | 8h | 0.3443 | +0.017% | $14K | $107K | 20x | as long as short |
| Gate TRX_USDT | +0.0088% | 8h | 0.3443 | +0.017% | $9.7M | $2.5M | 75x | as long as short |
| Phemex TRXUSDTshort | +0.0089% | 8h | 0.3443 | +0.029% | $3.8M | $1.6M | 50x | |
| Hyperliquid TRX | +0.0100% | 1h | 0.3445 | +0.078% | $13.3M | $2.2M | 10x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3443 | +0.017% | $8.6M | $3.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.026% | $587K | $443K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.021% | $115K | $534K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.038% | $196K | $904K | 30x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0116% | 1h | 0.3445 | +0.072% | $1.8M | $967K | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0307% | 1h | 0.3447 | +0.126% | $829K | $409K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0334% / S −0.0340% | 1h | 0.3444 | +0.054% | $18K | — | 100x | as long as short |
MEXC TRX_USDT
Binance TRXUSDT
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
SoDEX TRX-USD
Lighter TRX
BloFin TRX-USDT
dYdX TRX-USD
Paradex TRX-USD-PERP
Bitget TRXUSDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Gate TRX_USDT
Hyperliquid TRX
KuCoin TRXUSDTM
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]