Funding you earn now, next payment 01:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h +0.057%
Price spread now: Deribit against OKX+0.097%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.190%+$19 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.097%, 7d avg +0.074%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Deribit is 0.023% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.074%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% 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 | OKX TRX-USDT-SWAP | 0.3447 | 0.0041 | pay 0.0041% / 8h | 7h 55m | $15.6M | $8.8M | 50x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3450 | 0.0527 | get 0.0066% / 1h | 55m 01s | $833K | $417K | 25x |
OKX TRX-USDT-SWAP
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- $102.1
- Price spread: +0.097% → +0.074%
- $2.29
- Slippage, 4 orders
- −$8.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $79.11
- Costs to cover
- 0.253%
- Break-even
- 1.6 days
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 19 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 OKX live order book, 3 min ago | 0.14 bp | 6.2 bp −$6 | 14.0 bp −$140 | 40.2 bp −$4,015 | doesn't fit |
| Sell Deribit live order book, 19 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 | 0.3446 | −0.015% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0089% | 8h | 0.3446 | −0.017% | $8.7M | $3.6M | 75x | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3446 | −0.009% | $5K | $14K | 10x | as long as short |
| Variational Omni TRX | −0.0004% | 8h | 0.3446 | −0.016% | $563K | $36K | — | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3449 | +0.059% | $181K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3448 | +0.031% | $121K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0026% | 1h | 0.3446 | −0.032% | $58K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.162% | $1K | $163K | 12x | as long as short |
| Gate TRX_USDT | +0.0037% | 8h | 0.3446 | −0.015% | $9.6M | $2.4M | 75x | as long as short |
| OKX TRX-USDT-SWAPlong | +0.0041% | 8h | 0.3447 | long leg | $15.6M | $8.8M | 50x |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
Variational Omni TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Gate TRX_USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TRX_USDT | +0.0045% | 8h | 0.3446 | −0.020% | $18.3M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0047% | 8h | 0.3446 | −0.006% | $99.6M | $48.4M | 75x | as long as short |
| Extended TRX-USD | +0.0048% | 1h | 0.3446 | −0.026% | $196K | $1.1M | 25x | as long as short |
| HTX TRX-USDT | +0.0078% | 8h | 0.3445 | −0.049% | $828K | $734K | 75x | as long as short |
| Paradex TRX-USD-PERP | +0.0079% | 8h | 0.3447 | +0.015% | $9K | $385 | 20x | as long as short |
| Lighter TRX | +0.0088% | 1h | 0.3446 | −0.029% | $482K | $628K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0091% | 8h | 0.3447 | +0.006% | $14K | $107K | 20x | as long as short |
| Aevo TRX-PERP | +0.0096% | 1h | 0.3445 | −0.046% | $33K | — | 3x | as long as short |
| Aster TRXUSDT | +0.0096% | 8h | 0.3447 | +0.008% | $956K | $660K | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3448 | +0.026% | $13.2M | $2.2M | 10x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3446 | −0.032% | $54.7M | $8.0M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3446 | −0.006% | $9.4M | $2.1M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3446 | −0.009% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3445 | −0.034% | $589K | $437K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3445 | −0.035% | $115K | $572K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3445 | −0.033% | $196K | $940K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3446 | −0.017% | $407 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3447 | +0.003% | $3.8M | $1.6M | 50x | as long as short |
| BloFin TRX-USDT | +0.0167% | 8h | 0.3447 | −0.003% | $4.6M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0173% | 1h | 0.3448 | +0.045% | $2.1M | $1.2M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0367% / S −0.0395% | 1h | 0.3448 | +0.031% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0527% | 1h | 0.3450 | +0.097% | $833K | $417K | 25x |
MEXC TRX_USDT
Binance TRXUSDT
Extended TRX-USD
HTX TRX-USDT
Paradex TRX-USD-PERP
Lighter TRX
Orderly PERP_TRX_USDC
Aevo TRX-PERP
Aster TRXUSDT
Hyperliquid TRX
Bybit TRXUSDT
Bitget TRXUSDT
BingX TRX-USDC
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]