Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.031%
Price spread now: Bitget against Injective+1.148%61s7-day average +0.210% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)−1.101%−$110 · spread now +1.148%, 7d avg +0.210%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.938% dearer against Injective than usual: you sell high and buy low: +$94 more if the spread goes back to its 7-day average of +0.210%. Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour. The two prices were read 61 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 | Injective TRX/USDC PERP | 0.3441 | 0.0033 | pay 0.0004% / 1h | 38m 20s | $1K | $163K | 12x |
| Short | Bitget TRXUSDT | 0.3481 | 0.0100 | get 0.0100% / 8h | 5h 38m | $10.4M | $3.3M | 75x |
Injective TRX/USDC PERP
Bitget TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Injective. 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
- $14
- Price spread: +1.148% → +0.210%
- $93.82
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $95.8
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 0.14 bp | 6.6 bp −$7 | 10.2 bp −$102 | 30.5 bp −$3,047 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.3479 | +1.099% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3481 | +1.168% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3479 | +1.113% | $183K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3479 | +1.117% | $123K | — | 150x | as long as short |
| Injective TRX/USDC PERPlong | +0.0033% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| BingX TRX-USDT | +0.0070% | 8h | 0.3480 | +1.136% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3480 | +1.122% | $485K | $662K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0097% | 8h | 0.3479 | +1.119% | $14K | $122K | 20x | as long as short |
| KuCoin TRXUSDTM | +0.0098% | 8h | 0.3480 | +1.142% | $8.8M | $3.5M | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3479 | +1.106% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
BingX TRX-USDT
Lighter TRX
Orderly PERP_TRX_USDC
KuCoin TRXUSDTM
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3483 | +1.215% | $13.1M | $2.5M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3480 | +1.130% | $963K | $690K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3480 | +1.139% | $105.2M | $56.1M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3480 | +1.122% | $53.9M | $11.2M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3479 | +1.113% | $15.6M | $9.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3479 | +1.107% | $9.7M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3480 | +1.136% | $18.7M | $2.1M | 200x | as long as short |
| Bitget TRXUSDTshort | +0.0100% | 8h | 0.3481 | +1.148% | $10.4M | $3.3M | 75x | |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3478 | +1.084% | $59K | $4K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3479 | +1.099% | $568K | $36K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3479 | +1.102% | $593K | $465K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3479 | +1.107% | $116K | $561K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3476 | +1.025% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3479 | +1.104% | $409 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3478 | +1.086% | $840K | $822K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3479 | +1.099% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3478 | +1.089% | $198K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3478 | +1.077% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3479 | +1.113% | $4.7M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3479 | +1.118% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0585% | 1h | 0.3480 | +1.123% | $2.4M | $1.7M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0779% | 1h | 0.3483 | +1.215% | $840K | $498K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL