Funding you earn now, next payment 03:00 UTC−0.0683%/8h= −74.8% APRpaid last 24h −0.043%
Price spread now: SunX against Deribit−0.233%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1401.405% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.233%, 7d avg −0.164%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and SunX is 0.069% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.164%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% 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 | 0.3488 | 0.0783 | pay 0.0098% / 1h | 57m 09s | $828K | $488K | 25x |
| Short | SunX TRX-USDT | 0.3480 | 0.0100 | get 0.0100% / 8h | 5h 57m | $198K | $1.1M | 30x |
Deribit TRX_USDC-PERPETUAL
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$143.47
- Price spread: −0.233% → −0.164%
- −$6.94
- Slippage, 4 orders
- −$125.45
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$290.86
- Costs to cover
- 1.405%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 7 min ago; SunX: live order book, 6 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, 7 min ago | 2.15 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 23.29 bp | 45.2 bp −$45 | 57.6 bp −$576 | doesn't fit | doesn't fit |
TRX on 31 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 | −0.084% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3486 | −0.070% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | −0.130% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3486 | −0.060% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.346% | $1K | $163K | 12x | as long as short |
| KuCoin TRXUSDTM | +0.0061% | 8h | 0.3485 | −0.079% | $8.8M | $3.5M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3485 | −0.090% | $486K | $662K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3484 | −0.122% | $14K | $122K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3485 | −0.085% | $9K | $251 | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3486 | −0.056% | $13.0M | $2.5M | 10x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
KuCoin TRXUSDTM
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Hyperliquid TRXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | +0.0100% | 8h | 0.3486 | −0.057% | $963K | $691K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3485 | −0.084% | $103.9M | $55.3M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3486 | −0.067% | $54.2M | $10.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3485 | −0.084% | $15.7M | $9.2M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3484 | −0.107% | $9.7M | $2.8M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3485 | −0.090% | $19.0M | $2.0M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3484 | −0.099% | $10.4M | $3.3M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.087% | — | $32.8M | — | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3484 | −0.116% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3478 | −0.288% | $567K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3477 | −0.313% | $593K | $466K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3477 | −0.302% | $116K | $561K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3480 | −0.233% | $198K | $1.1M | 30x | |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3484 | −0.107% | $408 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.100% | $840K | $818K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3485 | −0.076% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3484 | −0.127% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3483 | −0.154% | $34K | — | 3x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3485 | −0.070% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0584% | 1h | 0.3486 | −0.058% | $2.4M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALlong | +0.0783% | 1h | 0.3488 | long leg | $828K | $488K | 25x |
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD