Funding you earn now, next payment 11:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.042%
Price spread now: BloFin against Injective+0.886%7-day average +0.321% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.864%−$86 · spread now +0.886%, 7d avg +0.321%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.566% dearer against Injective than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.321%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| 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 | 28m 27s | $1K | $163K | 12x |
| Short | BloFin TRX-USDT | 0.3472 | 0.0220 | get 0.0220% / 8h | 5h 28m | $4.8M | $4.0M | 50x |
Injective TRX/USDC PERP
BloFin TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $39.2
- Price spread: +0.886% → +0.321%
- $56.58
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $83.76
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 0.29 bp | 6.5 bp −$7 | 8.3 bp −$83 | 23.2 bp −$2,320 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TRXUSDT | −0.0369% | 8h | 0.3470 | +0.851% | $964K | $959K | 75x | as long as short |
| HTX TRX-USDT | −0.0182% | 8h | 0.3470 | +0.845% | $831K | $886K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3470 | +0.834% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0058% | 1h | 0.3471 | +0.869% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3472 | +0.910% | $5K | $14K | 10x | as long as short |
| SoDEX TRX-USD | −0.0023% | 1h | 0.3471 | +0.875% | $404 | $5K | 5x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3472 | +0.900% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3472 | +0.907% | $137K | — | 150x | as long as short |
| Injective TRX/USDC PERPlong | +0.0033% | 1h | 0.3441 | long leg | $1K | $163K | 12x | |
| BingX TRX-USDT | +0.0059% | 8h | 0.3471 | +0.869% | — | $32.5M | — | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
SoDEX TRX-USD
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
BingX TRX-USDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex TRX-USD-PERP | +0.0073% | 8h | 0.3471 | +0.862% | $9K | $52 | 20x | as long as short |
| Bitget TRXUSDT | +0.0075% | 8h | 0.3470 | +0.843% | $9.7M | $4.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0082% | 8h | 0.3471 | +0.872% | $53.2M | $13.4M | 75x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3471 | +0.881% | $481K | $656K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3471 | +0.869% | $14K | $71K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3475 | +0.994% | $14.3M | $2.7M | 10x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3471 | +0.883% | $106.1M | $64.9M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3471 | +0.857% | $15.3M | $11.7M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3471 | +0.857% | $9.5M | $3.4M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3471 | +0.881% | $18.5M | $2.4M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3471 | +0.863% | $8.5M | $3.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3469 | +0.805% | $573K | $41K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3471 | +0.858% | $592K | $511K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3474 | +0.950% | $117K | $617K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3470 | +0.838% | $197K | $1.4M | 30x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3471 | +0.883% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3469 | +0.825% | $211K | $1.1M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3469 | +0.820% | $34K | — | 3x | as long as short |
| BloFin TRX-USDTshort | +0.0220% | 8h | 0.3472 | +0.886% | $4.8M | $4.0M | 50x | |
| Kraken Futures PF_TRXUSD | +0.0269% | 1h | 0.3471 | +0.871% | $2.3M | $1.8M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0378% | 1h | 0.3475 | +0.975% | $802K | $689K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0409% / S −0.0492% | 1h | 0.3472 | +0.912% | $20K | — | 100x | as long as short |
Paradex TRX-USD-PERP
Bitget TRXUSDT
Bybit TRXUSDT
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
Binance TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]