Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.016%
Price spread now: Phemex against gTrade (Gains Network)−0.022%7-day average −0.017% · 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−$285as in the Price arb table
costs, in and out, $10k−$2842.841% of the position
Funding, last 3 days (all we have)+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.022%, 7d avg −0.017%
=The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) TRX/USD | 0.3462 | L +0.0003% / S −0.0007% | pay 0.0000% / 1h | 4m 55s | $122K | — | 150x |
| Short | Phemex TRXUSDT | 0.3462 | 0.0100 | get 0.0100% / 8h | 7h 04m | $3.9M | $1.6M | 50x |
gTrade (Gains Network) TRX/USD
Phemex TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.022% → −0.017%
- −$0.53
- Slippage, 4 orders
- −$262.07
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$264.25
- Costs to cover
- 2.841%
- Break-even
- 97.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; Phemex: 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), 4 min ago | 130.01 bp | 135.0 bp −$135 | 224.8 bp −$2,248 | 2109.1 bp −$210.9K | 10777.2 bp −$5.39M |
| Sell Phemex live order book, 4 min ago | 0.14 bp | 7.5 bp −$7 | 12.3 bp −$123 | 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 | 0.3461 | −0.037% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0072% | 8h | 0.3463 | +0.004% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3462 | −0.014% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | −0.001% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDlong | L +0.0003% / S −0.0007% | 1h | 0.3462 | long leg | $122K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.617% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0034% | 1h | 0.3461 | −0.042% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0073% | 8h | 0.3461 | −0.044% | $565K | $37K | — | as long as short |
| Extended TRX-USD | +0.0088% | 1h | 0.3461 | −0.042% | $196K | $1.0M | 25x | as long as short |
| MEXC TRX_USDT | +0.0090% | 8h | 0.3462 | −0.008% | $18.6M | $1.9M | 200x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
Variational Omni TRX
Extended TRX-USD
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TRXUSDT | +0.0092% | 8h | 0.3462 | −0.025% | $101.4M | $49.0M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3461 | −0.042% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0093% | 8h | 0.3461 | −0.041% | $9K | $251 | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3461 | −0.034% | $484K | $632K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3464 | +0.041% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3462 | −0.019% | $956K | $666K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3461 | −0.034% | $55.0M | $8.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3462 | −0.008% | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3462 | −0.014% | $9.7M | $2.6M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3463 | +0.030% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.016% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3461 | −0.033% | $591K | $441K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3460 | −0.071% | $115K | $565K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.119% | $197K | $975K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | −0.022% | $402 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.054% | $831K | $778K | 75x | as long as short |
| Phemex TRXUSDTshort | +0.0100% | 8h | 0.3462 | −0.022% | $3.9M | $1.6M | 50x | |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.077% | $34K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0172% | 1h | 0.3464 | +0.035% | $2.3M | $1.5M | 25x | as long as short |
| BloFin TRX-USDT | +0.0212% | 8h | 0.3460 | −0.057% | $4.7M | $4.0M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0401% / S −0.0481% | 1h | 0.3462 | −0.016% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0512% | 1h | 0.3465 | +0.082% | $844K | $425K | 25x | as long as short |
Binance TRXUSDT
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Lighter TRX
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL