Funding you earn now, next payment 01:00 UTC−0.0507%/8h= −55.6% APRpaid last 24h −0.047%
Price spread now: edgeX against Deribit−0.147%75s7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$230.229% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.147%, 7d avg −0.090%
=Together, before fees+0.070%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.056% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.090%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% 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 | Deribit TRX_USDC-PERPETUAL | 0.3455 | 0.0607 | pay 0.0076% / 1h | 34m 11s | $834K | $414K | 25x |
| Short | edgeX TRXUSDC | 0.3450 | 0.0100 | get 0.0050% / 4h | 3h 34m | $589K | $434K | 20x |
Deribit TRX_USDC-PERPETUAL
edgeX TRXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Deribit. 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
- −$106.56
- Price spread: −0.147% → −0.090%
- −$5.62
- Slippage, 4 orders
- −$6.87
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$135.05
- Costs to cover
- 0.229%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 40 min ago; edgeX: live order book, 40 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 Deribit live order book, 40 min ago | 1.89 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 40 min ago | 0.87 bp | 5.4 bp −$5 | 6.7 bp −$67 | 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 | 0.3451 | −0.125% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3450 | −0.137% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3452 | −0.085% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | −0.137% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3452 | −0.086% | $122K | — | 150x | as long as short |
| Variational Omni TRX | +0.0023% | 8h | 0.3451 | −0.120% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.409% | $1K | $163K | 12x | as long as short |
| MEXC TRX_USDT | +0.0062% | 8h | 0.3451 | −0.113% | $18.3M | $1.9M | 200x | as long as short |
| OKX TRX-USDT-SWAP | +0.0063% | 8h | 0.3452 | −0.082% | $15.6M | $8.1M | 50x | as long as short |
| Extended TRX-USD | +0.0064% | 1h | 0.3451 | −0.130% | $194K | $1.4M | 25x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Variational Omni TRX
Injective TRX/USDC PERP
MEXC TRX_USDT
OKX TRX-USDT-SWAP
Extended TRX-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0064% | 8h | 0.3451 | −0.113% | $100.1M | $46.9M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0066% | 1h | 0.3450 | −0.137% | $58K | $4K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0087% | 8h | 0.3451 | −0.115% | $9K | $385 | 20x | as long as short |
| HTX TRX-USDT | +0.0088% | 8h | 0.3448 | −0.196% | $828K | $737K | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3451 | −0.122% | $14K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3451 | −0.125% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3449 | −0.180% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3453 | −0.061% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3452 | −0.104% | $958K | $658K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3452 | −0.090% | $54.8M | $7.9M | 75x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3452 | −0.085% | $9.7M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3451 | −0.131% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3452 | −0.102% | — | $6.5M | — | as long as short |
| edgeX TRXUSDCshort | +0.0100% | 4h | 0.3450 | −0.147% | $589K | $434K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.140% | $115K | $571K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3449 | −0.164% | $196K | $930K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3451 | −0.113% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | −0.113% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3454 | −0.036% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0183% | 8h | 0.3451 | −0.116% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | −0.115% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0607% | 1h | 0.3455 | long leg | $834K | $414K | 25x |
Binance TRXUSDT
Backpack TRX_USDC_PERP
Paradex TRX-USD-PERP
HTX TRX-USDT
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]