Funding you earn now, next payment 00:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.060%
Price spread now: Deribit against Aster+0.108%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.108%, 7d avg +0.046%
=Together, before fees−0.117%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Deribit is 0.061% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TRXUSDT | 0.3443 | 0.0034 | pay 0.0034% / 8h | 50m 38s | $955K | $659K | 75x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3446 | 0.0444 | get 0.0055% / 1h | 50m 38s | $829K | $414K | 25x |
Aster TRXUSDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Aster. 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
- $86.09
- Price spread: +0.108% → +0.046%
- $6.14
- Slippage, 4 orders
- −$7.54
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $69.69
- Costs to cover
- 0.225%
- Break-even
- 1.3 days
Slippage from Aster: live order book, 27 min ago; Deribit: live order book, 28 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 Aster live order book, 27 min ago | 0.14 bp | 5.8 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 28 min ago | 0.73 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective TRX/USDC PERP | −0.0146% | 1h | 0.3441 | −0.046% | $1K | $163K | 12x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3442 | −0.009% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0125% | 1h | 0.3443 | 0.000% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0088% | 8h | 0.3442 | −0.014% | $8.7M | $3.7M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3444 | +0.032% | $5K | $13K | 10x | as long as short |
| Variational Omni TRX | −0.0060% | 8h | 0.3440 | −0.074% | $563K | $38K | — | as long as short |
| Bybit TRXUSDT | −0.0036% | 8h | 0.3443 | +0.003% | $54.6M | $8.0M | 75x | as long as short |
| HTX TRX-USDT | −0.0028% | 8h | 0.3442 | −0.021% | $826K | $724K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | −0.003% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3444 | +0.033% | $121K | — | 150x | as long as short |
Injective TRX/USDC PERP
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
Bybit TRXUSDT
HTX TRX-USDT
dYdX TRX-USD
gTrade (Gains Network) TRX/USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | +0.0005% | 8h | 0.3443 | +0.009% | $15.6M | $8.7M | 50x | as long as short |
| MEXC TRX_USDT | +0.0022% | 8h | 0.3443 | +0.009% | $18.1M | $1.7M | 200x | as long as short |
| Binance TRXUSDT | +0.0023% | 8h | 0.3443 | +0.012% | $99.3M | $47.9M | 75x | as long as short |
| Extended TRX-USD | +0.0024% | 1h | 0.3442 | −0.015% | $196K | $1.1M | 25x | as long as short |
| Aster TRXUSDTlong | +0.0034% | 8h | 0.3443 | long leg | $955K | $659K | 75x | |
| Paradex TRX-USD-PERP | +0.0054% | 8h | 0.3442 | −0.017% | $9K | $385 | 20x | as long as short |
| Lighter TRX | +0.0056% | 1h | 0.3442 | −0.009% | $482K | $630K | 10x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0062% | 1h | 0.3444 | +0.048% | $1.9M | $1.0M | 25x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3443 | +0.006% | $3.8M | $1.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0087% | 8h | 0.3443 | +0.006% | $9.6M | $2.5M | 75x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3441 | −0.051% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3443 | −0.003% | $14K | $107K | 20x | as long as short |
| BloFin TRX-USDT | +0.0090% | 8h | 0.3443 | +0.003% | $4.6M | $4.0M | 50x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | +0.041% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3443 | +0.009% | $9.5M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.003% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3442 | −0.023% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3442 | −0.029% | $115K | $557K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | +0.061% | $196K | $918K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3443 | +0.006% | $401 | $5K | 5x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0365% / S −0.0395% | 1h | 0.3443 | +0.016% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0444% | 1h | 0.3446 | +0.108% | $829K | $414K | 25x |
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
Paradex TRX-USD-PERP
Lighter TRX
Kraken Futures PF_TRXUSD
Phemex TRXUSDT
Gate TRX_USDT
Aevo TRX-PERP
Orderly PERP_TRX_USDC
BloFin TRX-USDT
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
GMX TRX/USD [ETH-USDC]