Funding you earn now, next payment 22:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.044%
Price spread now: Extended against HTX+0.041%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$280.279% of the position
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.041%, 7d avg −0.002%
=Together, before fees+0.248%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.043% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX TRX-USDT | 0.3439 | −0.0027 | get 0.0027% / 8h | 2h 21m | $826K | $709K | 75x |
| Short | Extended TRX-USD | 0.3440 | 0 | get 0.0000% / 1h | 21m 40s | $196K | $1.1M | 25x |
HTX TRX-USDT
Extended TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $5.7
- Price spread: +0.041% → −0.002%
- $4.34
- Slippage, 4 orders
- −$10.86
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$17.81
- Costs to cover
- 0.279%
- Break-even
- 28.9 days
Slippage from HTX: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago | 4.29 bp | 10.5 bp −$11 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.14 bp | 3.5 bp −$4 | 11.8 bp −$118 | 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 | 0.3441 | +0.049% | $5 | — | 20x | as long as short |
| Bybit TRXUSDT | −0.0091% | 8h | 0.3440 | +0.031% | $54.7M | $8.2M | 75x | as long as short |
| Variational Omni TRX | −0.0087% | 8h | 0.3439 | +0.013% | $562K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.086% | $5K | $13K | 10x | as long as short |
| Backpack TRX_USDC_PERP | −0.0054% | 1h | 0.3441 | +0.054% | $58K | $5K | 10x | as long as short |
| Injective TRX/USDC PERP | −0.0048% | 1h | 0.3440 | +0.031% | $1K | $129K | 12x | as long as short |
| Aster TRXUSDT | −0.0045% | 8h | 0.3441 | +0.056% | $951K | $638K | 75x | as long as short |
| HTX TRX-USDTlong | −0.0027% | 8h | 0.3439 | long leg | $826K | $709K | 75x | |
| Binance TRXUSDT | −0.0001% | 8h | 0.3441 | +0.060% | $99.3M | $49.0M | 75x | as long as short |
| MEXC TRX_USDT | −0.0001% | 8h | 0.3441 | +0.060% | $17.9M | $1.7M | 200x | as long as short |
Reya TRXRUSDPERP
Bybit TRXUSDT
Variational Omni TRX
Phoenix TRX
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Aster TRXUSDT
Binance TRXUSDT
MEXC TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | 0.0000% | 1h | 0.3441 | +0.051% | $483K | $628K | 10x | as long as short |
| Extended TRX-USDshort | 0.0000% | 1h | 0.3440 | +0.041% | $196K | $1.1M | 25x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.104% | $121K | — | 150x | as long as short |
| OKX TRX-USDT-SWAP | +0.0006% | 8h | 0.3441 | +0.051% | $15.6M | $8.8M | 50x | as long as short |
| KuCoin TRXUSDTM | +0.0016% | 8h | 0.3441 | +0.045% | $8.7M | $3.6M | 75x | as long as short |
| SoDEX TRX-USD | +0.0025% | 1h | 0.3441 | +0.060% | $404 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0049% | 8h | 0.3441 | +0.049% | $9K | $385 | 20x | as long as short |
| BingX TRX-USDT | +0.0071% | 8h | 0.3441 | +0.048% | — | $40.0M | — | as long as short |
| Bitget TRXUSDT | +0.0072% | 8h | 0.3441 | +0.066% | $9.4M | $2.1M | 75x | as long as short |
| Phemex TRXUSDT | +0.0073% | 8h | 0.3441 | +0.063% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0080% | 1h | 0.3439 | +0.012% | $33K | — | 3x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0087% | 1h | 0.3443 | +0.111% | $1.9M | $977K | 25x | as long as short |
| Orderly PERP_TRX_USDC | +0.0089% | 8h | 0.3441 | +0.054% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.121% | $13.2M | $2.2M | 10x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3441 | +0.054% | $9.7M | $2.5M | 75x | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3439 | +0.005% | $587K | $436K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3440 | +0.025% | $115K | $542K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.127% | $196K | $917K | 30x | as long as short |
| BloFin TRX-USDT | +0.0118% | 8h | 0.3441 | +0.063% | $4.6M | $4.0M | 50x | as long as short |
| dYdX TRX-USD | +0.0149% | 1h | 0.3443 | +0.108% | $181K | $10K | 10x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0337% | 1h | 0.3445 | +0.177% | $829K | $407K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.091% | $20K | — | 100x | as long as short |
Lighter TRX
gTrade (Gains Network) TRX/USD
OKX TRX-USDT-SWAP
KuCoin TRXUSDTM
SoDEX TRX-USD
Paradex TRX-USD-PERP
BingX TRX-USDT
Bitget TRXUSDT
Phemex 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
BloFin TRX-USDT
dYdX TRX-USD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]