Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.002%
Price spread now: Bybit against gTrade (Gains Network)−0.012%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$281as in the Price arb table
costs, in and out, $10k−$2842.842% of the position
Funding, last 3 days (all we have)−0.038%−$4 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.012%, 7d avg −0.045%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.033% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3452 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 35m 24s | $122K | — | 150x |
| Short | Bybit TRXUSDT | 0.3452 | 0.0100 | get 0.0100% / 8h | 7h 35m | $54.8M | $7.9M | 75x |
gTrade (Gains Network) TRX/USD
Bybit TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against gTrade (Gains Network). 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
- $20.35
- Price spread: −0.012% → −0.045%
- $3.3
- Slippage, 4 orders
- −$263.2
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$260.54
- Costs to cover
- 2.842%
- Break-even
- 96.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; Bybit: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 39 min ago | 130.02 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Bybit live order book, 4 min ago | 1.45 bp | 7.2 bp −$7 | 11.9 bp −$119 | 44.1 bp −$4,409 | 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 | −0.038% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0090% | 8h | 0.3451 | −0.047% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3452 | +0.003% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3450 | −0.050% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3452 | long leg | $122K | — | 150x | |
| Variational Omni TRX | +0.0023% | 8h | 0.3451 | −0.033% | $564K | $36K | — | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.322% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0059% | 8h | 0.3452 | +0.006% | $15.6M | $8.1M | 50x | as long as short |
| MEXC TRX_USDT | +0.0061% | 8h | 0.3451 | −0.023% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0063% | 8h | 0.3451 | −0.029% | $100.1M | $46.9M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
Variational Omni TRX
Injective TRX/USDC PERP
OKX TRX-USDT-SWAP
MEXC TRX_USDT
Binance TRXUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TRX-USD | +0.0064% | 1h | 0.3451 | −0.043% | $197K | $1.4M | 25x | as long as short |
| Backpack TRX_USDC_PERP | +0.0066% | 1h | 0.3450 | −0.050% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | +0.0079% | 8h | 0.3449 | −0.090% | $828K | $736K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0086% | 8h | 0.3451 | −0.028% | $9K | $385 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3451 | −0.041% | $14K | $107K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3451 | −0.041% | $483K | $630K | 10x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3449 | −0.085% | $33K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3453 | +0.023% | $13.2M | $2.2M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3451 | −0.031% | $958K | $658K | 75x | as long as short |
| Bybit TRXUSDTshort | +0.0100% | 8h | 0.3452 | −0.012% | $54.8M | $7.9M | 75x | |
| Gate TRX_USDT | +0.0100% | 8h | 0.3452 | −0.009% | $9.7M | $2.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3450 | −0.052% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3452 | −0.015% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3450 | −0.060% | $589K | $434K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3450 | −0.052% | $115K | $571K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3450 | −0.075% | $196K | $930K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3451 | −0.026% | $404 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3451 | −0.026% | $3.8M | $1.6M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3454 | +0.054% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0181% | 8h | 0.3451 | −0.038% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3451 | −0.028% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0625% | 1h | 0.3455 | +0.085% | $834K | $414K | 25x | as long as short |
Extended TRX-USD
Backpack TRX_USDC_PERP
HTX TRX-USDT
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDC
Lighter TRX
Aevo TRX-PERP
Hyperliquid TRX
Aster TRXUSDT
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL