Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.023%
Price spread now: Orderly against Binance+0.011%49s7-day average −0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.215%+$22 on $10k
+Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.011%, 7d avg −0.007%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TRXUSDT | 0.3480 | 0.0100 | pay 0.0100% / 8h | 3h 49m | $105.9M | $59.3M | 75x |
| Short | Orderly PERP_TRX_USDC | 0.3481 | 0.0099 | get 0.0099% / 8h | 3h 49m | $15K | $44K | 20x |
Binance TRXUSDT
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Binance. 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
- −$0.26
- Price spread: +0.011% → −0.007%
- $1.81
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.45
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 8 min ago; Orderly: no order-book sample. 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 Binance live order book, 8 min ago | 0.14 bp | 5.1 bp −$5 | 8.3 bp −$83 | 30.3 bp −$3,029 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 TRXRUSDPERP | −0.0133% | 1h | 0.3481 | +0.013% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3483 | +0.080% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3480 | +0.009% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3481 | +0.030% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.124% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3480 | 0.000% | — | $6.5M | — | as long as short |
| HTX TRX-USDT | +0.0093% | 8h | 0.3480 | +0.005% | $825K | $882K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3479 | −0.020% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3480 | −0.009% | $485K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0099% | 8h | 0.3481 | +0.011% | $15K | $44K | 20x |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
HTX TRX-USDT
Paradex TRX-USD-PERP
Lighter TRXShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3483 | +0.086% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3481 | +0.029% | $964K | $696K | 75x | as long as short |
| Binance TRXUSDTlong | +0.0100% | 8h | 0.3480 | long leg | $105.9M | $59.3M | 75x | |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3480 | −0.003% | $53.7M | $11.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3480 | 0.000% | $15.5M | $9.9M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3480 | −0.011% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3480 | +0.003% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3481 | +0.020% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | +0.020% | $10.5M | $3.4M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3479 | −0.026% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3480 | −0.006% | $569K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3481 | +0.028% | $594K | $467K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3483 | +0.078% | $116K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3478 | −0.049% | $198K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3480 | 0.000% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3480 | +0.009% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3479 | −0.029% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3479 | −0.040% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3481 | +0.023% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3481 | +0.026% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3481 | +0.017% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0710% | 1h | 0.3484 | +0.110% | $849K | $531K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL