Funding you earn now, next payment 22:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.064%
Price spread now: Binance against dYdX−0.051%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1501.498% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.051%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.032% cheaper against dYdX than usual: you would sell low and buy high (−$3 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 | dYdX TRX-USD | 0.3443 | 0.0115 | pay 0.0014% / 1h | 10m 20s | $181K | $10K | 10x |
| Short | Binance TRXUSDT | 0.3441 | 0.0003 | get 0.0003% / 8h | 2h 10m | $99.3M | $49.0M | 75x |
dYdX TRX-USD
Binance TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against dYdX. 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
- −$23.51
- Price spread: −0.051% → −0.019%
- −$3.19
- Slippage, 4 orders
- −$129.76
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$176.46
- Costs to cover
- 1.498%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 14 min ago; Binance: live order book, 3 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 dYdX live order book, 14 min ago | 63.38 bp | 68.4 bp −$68 | 68.4 bp −$684 | 101.4 bp −$10.1K | 497.3 bp −$248.7K |
| Sell Binance live order book, 3 min ago | 0.14 bp | 7.4 bp −$7 | 13.0 bp −$130 | 39.2 bp −$3,920 | 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 | −0.062% | $5 | — | 20x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3440 | −0.065% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0086% | 8h | 0.3441 | −0.048% | $54.8M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3443 | +0.001% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0055% | 1h | 0.3442 | −0.034% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | −0.077% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0034% | 8h | 0.3441 | −0.048% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDT | −0.0022% | 8h | 0.3441 | −0.063% | $826K | $711K | 75x | as long as short |
| Extended TRX-USD | 0.0000% | 1h | 0.3440 | −0.070% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | +0.0002% | 8h | 0.3441 | −0.051% | $17.9M | $1.7M | 200x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
HTX TRX-USDT
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TRXUSDTM | +0.0003% | 8h | 0.3440 | −0.069% | $8.7M | $3.6M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | −0.003% | $121K | — | 150x | as long as short |
| Binance TRXUSDTshort | +0.0003% | 8h | 0.3441 | −0.051% | $99.3M | $49.0M | 75x | |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3441 | −0.048% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | −0.054% | $482K | $639K | 10x | as long as short |
| BloFin TRX-USDT | +0.0023% | 8h | 0.3441 | −0.042% | $4.6M | $4.0M | 50x | as long as short |
| SoDEX TRX-USD | +0.0040% | 1h | 0.3441 | −0.042% | $403 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0058% | 8h | 0.3441 | −0.057% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0076% | 8h | 0.3441 | −0.054% | — | $40.0M | — | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3441 | −0.045% | $3.8M | $1.6M | 50x | as long as short |
| Bitget TRXUSDT | +0.0080% | 8h | 0.3441 | −0.054% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | −0.098% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.023% | $1.9M | $975K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | −0.040% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | −0.002% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | −0.045% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.052% | $587K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | −0.054% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.038% | $196K | $918K | 30x | as long as short |
| dYdX TRX-USDlong | +0.0115% | 1h | 0.3443 | long leg | $181K | $10K | 10x | |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | −0.017% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0409% | 1h | 0.3446 | +0.090% | $829K | $407K | 25x | as long as short |
KuCoin TRXUSDTM
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
Lighter TRX
BloFin TRX-USDT
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDT
Phemex TRXUSDT
Bitget TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL