Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.002%
Price spread now: BingX against Gate−0.014%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.014%, 7d avg −0.006%
=The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3481 | 0.0100 | pay 0.0100% / 8h | 42m 21s | $9.6M | $3.3M | 75x |
| Short | BingX TRX-USDC | 0.3481 | 0.0070 | get 0.0070% / 8h | 42m 21s | — | $6.5M | — |
Gate TRX_USDT
BingX TRX-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$6.3
- Price spread: −0.014% → −0.006%
- −$0.82
- Slippage, 4 orders
- −$12.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$44.74
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 8 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 Gate live order book, 1 min ago | 0.57 bp | 12.9 bp −$13 | 27.6 bp −$276 | 37.2 bp −$3,717 | 63.3 bp −$31.6K |
| Sell BingX live order book, 8 min ago | 0.72 bp | 7.5 bp −$7 | 27.8 bp −$278 | 181.9 bp −$18.2K | 908.8 bp −$454.4K |
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 | 0.3480 | −0.030% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0074% | 8h | 0.3478 | −0.077% | $834K | $950K | 75x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3484 | +0.092% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3482 | +0.038% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3482 | +0.015% | $123K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0010% | 1h | 0.3481 | −0.017% | $62K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.152% | $1K | $163K | 12x | as long as short |
| SoDEX TRX-USD | +0.0033% | 1h | 0.3481 | −0.009% | $409 | $5K | 5x | as long as short |
| BingX TRX-USDCshort | +0.0070% | 8h | 0.3481 | −0.014% | — | $6.5M | — | |
| Paradex TRX-USD-PERP | +0.0089% | 8h | 0.3480 | −0.021% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
SoDEX TRX-USD
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3481 | −0.011% | $487K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3481 | −0.003% | $14K | $61K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3485 | +0.103% | $13.3M | $2.8M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | −0.032% | $971K | $712K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3481 | +0.006% | $107.0M | $63.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3481 | −0.003% | $53.5M | $12.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3481 | −0.017% | $15.6M | $10.7M | 50x | as long as short |
| Gate TRX_USDTlong | +0.0100% | 8h | 0.3481 | long leg | $9.6M | $3.3M | 75x | |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3481 | 0.000% | $19.2M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3481 | +0.009% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | −0.009% | $9.8M | $4.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3481 | −0.008% | $569K | $33K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.028% | $594K | $463K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3483 | +0.049% | $116K | $596K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | −0.039% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3481 | −0.009% | $4.0M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3480 | −0.039% | $207K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3478 | −0.081% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.026% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0296% | 1h | 0.3482 | +0.026% | $2.4M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0385% | 1h | 0.3484 | +0.086% | $879K | $740K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3482 | +0.032% | $20K | — | 100x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]