Funding you earn now, next payment 23:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h +0.073%
Price spread now: Deribit against Bybit+0.104%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days+0.220%+$22 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.104%, 7d avg +0.089%
=The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3441 | −0.0064 | get 0.0064% / 8h | 1h 26m | $54.7M | $8.2M | 75x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3445 | 0.0238 | get 0.0030% / 1h | 26m 13s | $832K | $411K | 25x |
Bybit TRXUSDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. 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
- $63.31
- Price spread: +0.104% → +0.089%
- $1.47
- Slippage, 4 orders
- −$10.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $36.11
- Costs to cover
- 0.287%
- Break-even
- 3.0 days
Slippage from Bybit: live order book, 3 min ago; Deribit: live order book, 58 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 Bybit live order book, 3 min ago | 1.45 bp | 9.6 bp −$10 | 12.1 bp −$121 | 42.3 bp −$4,231 | doesn't fit |
| Sell Deribit live order book, 58 min ago | 1.89 bp | 5.7 bp −$6 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3441 | −0.006% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | 0.000% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0082% | 8h | 0.3439 | −0.056% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.017% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDTlong | −0.0064% | 8h | 0.3441 | long leg | $54.7M | $8.2M | 75x | |
| KuCoin TRXUSDTM | −0.0050% | 8h | 0.3441 | −0.009% | $8.7M | $3.6M | 75x | as long as short |
| HTX TRX-USDT | −0.0020% | 8h | 0.3441 | +0.002% | $826K | $718K | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0013% | 1h | 0.3441 | +0.006% | $58K | $4K | 10x | as long as short |
| Aster TRXUSDT | −0.0001% | 8h | 0.3442 | +0.035% | $957K | $658K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.041% | $181K | $10K | 10x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
KuCoin TRXUSDTM
HTX TRX-USDT
Backpack TRX_USDC_PERP
Aster TRXUSDT
dYdX TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TRX-USDT-SWAP | 0.0000% | 8h | 0.3441 | +0.003% | $15.6M | $8.8M | 50x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.050% | $121K | — | 150x | as long as short |
| MEXC TRX_USDT | +0.0012% | 8h | 0.3442 | +0.015% | $18.2M | $1.7M | 200x | as long as short |
| SoDEX TRX-USD | +0.0014% | 1h | 0.3442 | +0.015% | $400 | $5K | 5x | as long as short |
| Binance TRXUSDT | +0.0014% | 8h | 0.3441 | +0.012% | $99.3M | $48.3M | 75x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | −0.003% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.010% | $196K | $1.1M | 25x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.053% | $1.9M | $1.0M | 25x | as long as short |
| BloFin TRX-USDT | +0.0049% | 8h | 0.3440 | −0.026% | $4.6M | $4.0M | 50x | as long as short |
| Paradex TRX-USD-PERP | +0.0050% | 8h | 0.3441 | −0.004% | $9K | $385 | 20x | as long as short |
| Phemex TRXUSDT | +0.0072% | 8h | 0.3442 | +0.015% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.035% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | +0.003% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | +0.012% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.061% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3441 | +0.009% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.012% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3440 | −0.037% | $587K | $430K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.012% | $115K | $548K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.050% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0238% | 1h | 0.3445 | +0.104% | $832K | $411K | 25x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.039% | $20K | — | 100x | as long as short |
OKX TRX-USDT-SWAP
gTrade (Gains Network) TRX/USD
MEXC TRX_USDT
SoDEX TRX-USD
Binance TRXUSDT
Lighter TRX
Extended TRX-USD
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
Paradex TRX-USD-PERP
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]