Funding you earn now, next payment 01:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.069%
Price spread now: Deribit against Gate+0.103%51s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.083%−$8 · spread now +0.103%, 7d avg +0.072%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.031% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.072%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TRX_USDT | 0.3446 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $9.6M | $2.4M | 75x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3450 | 0.0623 | get 0.0078% / 1h | 57m 27s | $833K | $417K | 25x |
Gate TRX_USDT
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $109.89
- Price spread: +0.103% → +0.072%
- $3.13
- Slippage, 4 orders
- −$13.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $77.35
- Costs to cover
- 0.357%
- Break-even
- 2.1 days
Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 16 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 | 0.73 bp | 11.2 bp −$11 | 21.9 bp −$219 | 31.8 bp −$3,180 | 58.3 bp −$29.1K |
| Sell Deribit live order book, 16 min ago | 1.89 bp | 5.9 bp −$6 | doesn't fit | 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 | 0.3445 | −0.028% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3445 | −0.026% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3446 | +0.003% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0011% | 8h | 0.3444 | −0.063% | $563K | $36K | — | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3447 | +0.021% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3447 | +0.020% | $121K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.151% | $1K | $163K | 12x | as long as short |
| OKX TRX-USDT-SWAP | +0.0039% | 8h | 0.3447 | +0.017% | $15.6M | $8.9M | 50x | as long as short |
| MEXC TRX_USDT | +0.0044% | 8h | 0.3446 | −0.009% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0044% | 8h | 0.3447 | +0.017% | $99.7M | $48.4M | 75x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
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 | +0.0048% | 1h | 0.3445 | −0.036% | $196K | $1.1M | 25x | as long as short |
| Paradex TRX-USD-PERP | +0.0078% | 8h | 0.3445 | −0.028% | $9K | $385 | 20x | as long as short |
| Lighter TRX | +0.0080% | 1h | 0.3445 | −0.029% | $482K | $628K | 10x | as long as short |
| Backpack TRX_USDC_PERP | +0.0082% | 1h | 0.3445 | −0.023% | $58K | $4K | 10x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3445 | −0.044% | $33K | — | 3x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3446 | +0.006% | $14K | $107K | 20x | as long as short |
| Aster TRXUSDT | +0.0094% | 8h | 0.3446 | +0.002% | $956K | $660K | 75x | as long as short |
| HTX TRX-USDT | +0.0098% | 8h | 0.3444 | −0.076% | $827K | $733K | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3447 | +0.032% | $13.2M | $2.2M | 10x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3446 | −0.006% | $54.7M | $8.0M | 75x | as long as short |
| Gate TRX_USDTlong | +0.0100% | 8h | 0.3446 | long leg | $9.6M | $2.4M | 75x | |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3446 | +0.006% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3446 | −0.006% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3445 | −0.024% | $589K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3446 | −0.017% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | −0.033% | $196K | $937K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3446 | −0.006% | $406 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3445 | −0.023% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0163% | 8h | 0.3446 | −0.006% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3449 | +0.074% | $2.0M | $1.2M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3446 | −0.006% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0623% | 1h | 0.3450 | +0.103% | $833K | $417K | 25x |
Extended TRX-USD
Paradex TRX-USD-PERP
Lighter TRX
Backpack TRX_USDC_PERP
Aevo TRX-PERP
Orderly PERP_TRX_USDC
Aster TRXUSDT
HTX TRX-USDT
Hyperliquid TRX
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Phemex TRXUSDT
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]