Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.004%
Price spread now: Orderly against Bitget−0.023%7-day average +0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.023%, 7d avg +0.013%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.036% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.192%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TRXUSDT | 0.3441 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $9.4M | $2.0M | 75x |
| Short | Orderly PERP_TRX_USDC | 0.3440 | 0.0090 | get 0.0090% / 8h | 1h 34m | $14K | $107K | 20x |
Bitget TRXUSDT
Orderly PERP_TRX_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bitget. 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
- −$2.13
- Price spread: −0.023% → +0.013%
- −$3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$23.77
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.58 bp | 8.0 bp −$8 | 13.9 bp −$139 | 31.6 bp −$3,164 | 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 | 0.3439 | −0.043% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.012% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0082% | 8h | 0.3440 | −0.014% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0072% | 8h | 0.3440 | −0.017% | $54.7M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.067% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0046% | 1h | 0.3440 | −0.012% | $58K | $4K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0038% | 8h | 0.3439 | −0.035% | $8.6M | $3.7M | 75x | as long as short |
| HTX TRX-USDT | −0.0021% | 8h | 0.3438 | −0.086% | $826K | $716K | 75x | as long as short |
| SoDEX TRX-USD | −0.0011% | 1h | 0.3440 | −0.023% | $404 | $5K | 5x | as long as short |
| Aster TRXUSDT | −0.0009% | 8h | 0.3440 | −0.010% | $958K | $658K | 75x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
KuCoin TRXUSDTM
HTX TRX-USDT
SoDEX TRX-USD
Aster TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | −0.0001% | 8h | 0.3440 | −0.020% | $15.6M | $8.8M | 50x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3443 | +0.062% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3441 | +0.026% | $121K | — | 150x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3440 | −0.029% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0008% | 1h | 0.3440 | −0.027% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0011% | 8h | 0.3441 | +0.009% | $99.3M | $48.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0011% | 8h | 0.3441 | +0.006% | $18.2M | $1.7M | 200x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3441 | +0.023% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0044% | 8h | 0.3440 | −0.006% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0048% | 8h | 0.3440 | −0.007% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0069% | 8h | 0.3440 | −0.020% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | −0.022% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDCshort | +0.0090% | 8h | 0.3440 | −0.023% | $14K | $107K | 20x | |
| Gate TRX_USDT | +0.0090% | 8h | 0.3439 | −0.041% | $9.6M | $2.5M | 75x | as long as short |
| BingX TRX-USDT | +0.0097% | 8h | 0.3440 | −0.009% | — | $40.0M | — | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3442 | +0.035% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDTlong | +0.0100% | 8h | 0.3441 | long leg | $9.4M | $2.0M | 75x | |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.002% | $587K | $432K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.017% | $115K | $545K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.010% | $196K | $917K | 30x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3441 | +0.012% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0389% | 1h | 0.3444 | +0.098% | $832K | $411K | 25x | as long as short |
OKX TRX-USDT-SWAP
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Lighter TRX
Extended TRX-USD
Binance TRXUSDT
MEXC TRX_USDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
BingX TRX-USDT
Hyperliquid TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL