Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.5% APRnext payment −$1.69 per $10,000 · paid last 24h −0.039%
Price spread now: HTX against Bybit−0.076%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.076%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.057% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRXUSDT | 0.3486 | 0.0100 | pay 0.0100% / 8h | 59m 32s | $53.6M | $12.5M | 75x |
| Short | HTX TRX-USDT | 0.3484 | −0.0069 | pay 0.0069% / 8h | 59m 32s | $833K | $943K | 75x |
Bybit TRXUSDT
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$35.5
- Price spread: −0.076% → −0.019%
- −$5.72
- Slippage, 4 orders
- −$11.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$75.83
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 44 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, 4 min ago | 1.43 bp | 6.9 bp −$7 | 10.2 bp −$102 | 42.6 bp −$4,261 | doesn't fit |
| Sell HTX live order book, 44 min ago | 2.42 bp | 8.4 bp −$8 | 17.9 bp −$179 | 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 | 0.3485 | −0.028% | $5 | — | 20x | as long as short |
| HTX TRX-USDTshort | −0.0069% | 8h | 0.3484 | −0.076% | $833K | $943K | 75x | |
| dYdX TRX-USD | 0.0000% | 1h | 0.3486 | −0.001% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3487 | +0.026% | $5K | $14K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.020% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.302% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3487 | +0.011% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | +0.006% | $487K | $670K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3486 | −0.008% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3486 | −0.009% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
dYdX TRX-USD
Phoenix TRX
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0100% | 8h | 0.3485 | −0.038% | $968K | $712K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3487 | +0.009% | $107.4M | $62.6M | 75x | as long as short |
| Bybit TRXUSDTlong | +0.0100% | 8h | 0.3486 | long leg | $53.6M | $12.5M | 75x | |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3486 | −0.003% | $15.6M | $10.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3487 | +0.011% | $9.6M | $3.2M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | +0.009% | $19.6M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3487 | +0.020% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3486 | −0.011% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | −0.011% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3485 | −0.043% | $570K | $33K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3485 | −0.035% | $594K | $461K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3488 | +0.032% | $116K | $590K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.050% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3486 | −0.003% | $409 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3487 | +0.020% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | −0.038% | $205K | $714K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3485 | −0.050% | $34K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0125% | 1h | 0.3490 | +0.092% | $13.3M | $2.7M | 10x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.017% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0252% | 1h | 0.3486 | +0.002% | $2.4M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3487 | +0.024% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0854% | 1h | 0.3492 | +0.147% | $909K | $688K | 25x | as long as short |
Aster TRXUSDT
Binance 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
Hyperliquid TRX
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL