Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.044%
Price spread now: HTX against Extended−0.088%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.088%, 7d avg +0.002%
=Together, before fees−0.230%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.090% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TRX-USD | 0.3483 | 0.0104 | pay 0.0013% / 1h | 21m 40s | $195K | $1.0M | 25x |
| Short | HTX TRX-USDT | 0.3480 | 0.0072 | get 0.0072% / 8h | 3h 21m | $824K | $888K | 75x |
Extended TRX-USD
HTX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Extended. 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
- −$6.67
- Price spread: −0.088% → +0.002%
- −$8.99
- Slippage, 4 orders
- −$11.05
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$43.71
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Extended: live order book, 1 min ago; HTX: live order book, 32 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 Extended live order book, 1 min ago | 0.14 bp | 3.5 bp −$3 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell HTX live order book, 32 min ago | 4.37 bp | 10.7 bp −$11 | 18.1 bp −$181 | 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 | 0.3482 | −0.030% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3484 | +0.035% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3482 | −0.023% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3483 | −0.006% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.211% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3483 | +0.003% | — | $6.5M | — | as long as short |
| HTX TRX-USDTshort | +0.0072% | 8h | 0.3480 | −0.088% | $824K | $888K | 75x | |
| Lighter TRX | +0.0096% | 1h | 0.3483 | +0.003% | $486K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | −0.028% | $14K | $60K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3483 | −0.010% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDC
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3486 | +0.086% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3485 | +0.052% | $965K | $698K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3484 | +0.023% | $106.2M | $61.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3483 | −0.006% | $53.8M | $12.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3484 | +0.032% | $15.6M | $10.2M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3484 | +0.020% | $9.7M | $3.0M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3483 | 0.000% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3484 | +0.020% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3484 | +0.020% | $10.6M | $3.5M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3482 | −0.043% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3482 | −0.038% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | +0.070% | $594K | $467K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3486 | +0.072% | $116K | $575K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.078% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3483 | −0.008% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3483 | −0.008% | $3.9M | $1.9M | 50x | as long as short |
| Extended TRX-USDlong | +0.0104% | 1h | 0.3483 | long leg | $195K | $1.0M | 25x | |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3481 | −0.070% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0144% | 1h | 0.3483 | −0.005% | $2.4M | $1.7M | 25x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3483 | −0.014% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0491% | 1h | 0.3483 | −0.016% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0683% | 1h | 0.3487 | +0.095% | $843K | $547K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit 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
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL