Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.006%
Price spread now: Gate against gTrade (Gains Network)+0.009%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2952.953% of the position
Funding, last 3 days (all we have)+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.009%, 7d avg −0.026%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.035% 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 −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3485 | L +0.0003% / S −0.0008% | pay 0.0000% / 1h | 34m 24s | $123K | — | 150x |
| Short | Gate TRX_USDT | 0.3486 | 0.0100 | get 0.0100% / 8h | 2h 34m | $9.7M | $3.1M | 75x |
gTrade (Gains Network) TRX/USD
Gate TRX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $20.32
- Price spread: +0.009% → −0.026%
- $3.48
- Slippage, 4 orders
- −$270.31
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$271.51
- Costs to cover
- 2.953%
- Break-even
- 100.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 15 min ago; Gate: 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), 15 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 Gate live order book, 4 min ago | 1.00 bp | 13.9 bp −$14 | 26.9 bp −$269 | 34.7 bp −$3,470 | 60.6 bp −$30.3K |
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 | 0.3485 | −0.020% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3486 | +0.006% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3487 | +0.044% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0008% | 1h | 0.3485 | long leg | $123K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.274% | $1K | $163K | 12x | as long as short |
| HTX TRX-USDT | +0.0047% | 8h | 0.3484 | −0.032% | $832K | $920K | 75x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3485 | −0.020% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3487 | +0.034% | $487K | $671K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3486 | +0.021% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3485 | −0.009% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
Injective TRX/USDC PERP
HTX TRX-USDT
BingX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3489 | +0.100% | $13.2M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3486 | +0.003% | $965K | $700K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3485 | −0.007% | $107.0M | $62.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3485 | −0.011% | $54.0M | $12.0M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3485 | −0.011% | $15.5M | $10.3M | 50x | as long as short |
| Gate TRX_USDTshort | +0.0100% | 8h | 0.3486 | +0.009% | $9.7M | $3.1M | 75x | |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3486 | +0.009% | $18.9M | $2.2M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3486 | +0.009% | $8.5M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3484 | −0.034% | $9.9M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3486 | +0.011% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3484 | −0.041% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3485 | −0.010% | $594K | $477K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3487 | +0.034% | $116K | $581K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3484 | −0.032% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3487 | +0.032% | $410 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3486 | +0.029% | $4.0M | $1.9M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3484 | −0.031% | $195K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3483 | −0.055% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.052% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3485 | 0.000% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0415% | 1h | 0.3487 | +0.056% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0737% | 1h | 0.3489 | +0.107% | $902K | $644K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
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
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL