Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h +0.067%
Price spread now: BloFin against HTX+0.064%59s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs+$9as 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−$360.359% of the position
Funding, last 7 days+0.450%+$45 on $10k
+Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.064%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.024% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TRX-USDT | 0.3440 | −0.0023 | get 0.0023% / 8h | 2h 12m | $826K | $711K | 75x |
| Short | BloFin TRX-USDT | 0.3442 | 0.0061 | get 0.0061% / 8h | 2h 12m | $4.6M | $4.0M | 50x |
HTX TRX-USDT
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against HTX. 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
- $17.72
- Price spread: +0.064% → +0.040%
- $2.4
- Slippage, 4 orders
- −$11.88
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.76
- Costs to cover
- 0.359%
- Break-even
- 13.2 days
Slippage from HTX: live order book, 12 min ago; BloFin: live order book, 6 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 HTX live order book, 12 min ago | 4.29 bp | 10.5 bp −$11 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.87 bp | 6.9 bp −$7 | 9.4 bp −$94 | 29.4 bp −$2,937 | 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 | 0.3442 | +0.049% | $5 | — | 20x | as long as short |
| Variational Omni TRX | −0.0090% | 8h | 0.3439 | −0.016% | $563K | $39K | — | as long as short |
| Bybit TRXUSDT | −0.0087% | 8h | 0.3441 | +0.032% | $54.8M | $8.2M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.070% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0059% | 1h | 0.3442 | +0.061% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | +0.003% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0036% | 8h | 0.3441 | +0.037% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDTlong | −0.0023% | 8h | 0.3440 | long leg | $826K | $711K | 75x | |
| Extended TRX-USD | 0.0000% | 1h | 0.3441 | +0.041% | $196K | $1.1M | 25x | as long as short |
| MEXC TRX_USDT | 0.0000% | 8h | 0.3442 | +0.073% | $17.9M | $1.7M | 200x | as long as short |
Reya TRXRUSDPERP
Variational Omni TRX
Bybit TRXUSDT
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
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 | +0.0002% | 8h | 0.3442 | +0.058% | $99.4M | $49.0M | 75x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.086% | $121K | — | 150x | as long as short |
| KuCoin TRXUSDTM | +0.0007% | 8h | 0.3441 | +0.026% | $8.7M | $3.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0008% | 8h | 0.3442 | +0.058% | $15.6M | $8.8M | 50x | as long as short |
| Lighter TRX | +0.0008% | 1h | 0.3441 | +0.041% | $482K | $639K | 10x | as long as short |
| SoDEX TRX-USD | +0.0042% | 1h | 0.3442 | +0.058% | $404 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0056% | 8h | 0.3442 | +0.063% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDTshort | +0.0061% | 8h | 0.3442 | +0.064% | $4.6M | $4.0M | 50x | |
| BingX TRX-USDC | +0.0073% | 8h | 0.3441 | +0.044% | — | $6.5M | — | as long as short |
| Phemex TRXUSDT | +0.0076% | 8h | 0.3442 | +0.058% | $3.8M | $1.6M | 50x | as long as short |
| Bitget TRXUSDT | +0.0078% | 8h | 0.3442 | +0.058% | $9.4M | $2.1M | 75x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3440 | +0.006% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3444 | +0.106% | $1.9M | $975K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3442 | +0.056% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3444 | +0.108% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.044% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.029% | $587K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3441 | +0.026% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3444 | +0.133% | $196K | $918K | 30x | as long as short |
| dYdX TRX-USD | +0.0120% | 1h | 0.3443 | +0.081% | $181K | $10K | 10x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3443 | +0.086% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0398% | 1h | 0.3446 | +0.181% | $829K | $407K | 25x | as long as short |
Binance TRXUSDT
gTrade (Gains Network) TRX/USD
KuCoin TRXUSDTM
OKX TRX-USDT-SWAP
Lighter TRX
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDC
Phemex TRXUSDT
Bitget TRXUSDT
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Orderly PERP_TRX_USDC
Hyperliquid TRX
Gate TRX_USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
dYdX TRX-USD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL