Settings8H · net · $10k
Funding arb · Price arb /

TRX

all TRX markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TRX-USDT-SWAP0.34470.0041pay 0.0041% / 8h7h 55m$15.6M$8.8M50x
ShortDeribit TRX_USDC-PERPETUAL0.34500.0527get 0.0066% / 1h55m 01s$833K$417K25x

Funding 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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.14 bp6.2 bp −$614.0 bp −$14040.2 bp −$4,015doesn't fit
Sell Deribit live order book, 19 min ago1.89 bp5.9 bp −$6doesn't fitdoesn't fitdoesn't fit

TRX on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya TRXRUSDPERP−0.0133%1h0.3446−0.015%$520xas long as short
KuCoin TRXUSDTM−0.0089%8h0.3446−0.017%$8.7M$3.6M75xas long as short
Phoenix TRX−0.0070%1h0.3446−0.009%$5K$14K10xas long as short
Variational Omni TRX−0.0004%8h0.3446−0.016%$563K$36Kas long as short
dYdX TRX-USD0.0000%1h0.3449+0.059%$181K$10K10xas long as short
gTrade (Gains Network) TRX/USDL +0.0003% / S −0.0007%1h0.3448+0.031%$121K150xas long as short
Backpack TRX_USDC_PERP+0.0026%1h0.3446−0.032%$58K$4K10xas long as short
Injective TRX/USDC PERP+0.0033%1h0.3441−0.162%$1K$163K12xas long as short
Gate TRX_USDT+0.0037%8h0.3446−0.015%$9.6M$2.4M75xas long as short
OKX TRX-USDT-SWAPlong+0.0041%8h0.3447long leg$15.6M$8.8M50x
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TRX_USDT+0.0045%8h0.3446−0.020%$18.3M$1.9M200xas long as short
Binance TRXUSDT+0.0047%8h0.3446−0.006%$99.6M$48.4M75xas long as short
Extended TRX-USD+0.0048%1h0.3446−0.026%$196K$1.1M25xas long as short
HTX TRX-USDT+0.0078%8h0.3445−0.049%$828K$734K75xas long as short
Paradex TRX-USD-PERP+0.0079%8h0.3447+0.015%$9K$38520xas long as short
Lighter TRX+0.0088%1h0.3446−0.029%$482K$628K10xas long as short
Orderly PERP_TRX_USDC+0.0091%8h0.3447+0.006%$14K$107K20xas long as short
Aevo TRX-PERP+0.0096%1h0.3445−0.046%$33K3xas long as short
Aster TRXUSDT+0.0096%8h0.3447+0.008%$956K$660K75xas long as short
Hyperliquid TRX+0.0100%1h0.3448+0.026%$13.2M$2.2M10xas long as short
Bybit TRXUSDT+0.0100%8h0.3446−0.032%$54.7M$8.0M75xas long as short
Bitget TRXUSDT+0.0100%8h0.3446−0.006%$9.4M$2.1M75xas long as short
BingX TRX-USDC+0.0100%8h0.3446−0.009%$6.5Mas long as short
edgeX TRXUSDC+0.0100%4h0.3445−0.034%$589K$437K20xas long as short
ApeX Omni TRXUSDT+0.0100%1h0.3445−0.035%$115K$572K50xas long as short
SunX TRX-USDT+0.0100%8h0.3445−0.033%$196K$940K30xas long as short
SoDEX TRX-USD+0.0100%1h0.3446−0.017%$407$5K5xas long as short
Phemex TRXUSDT+0.0100%8h0.3447+0.003%$3.8M$1.6M50xas long as short
BloFin TRX-USDT+0.0167%8h0.3447−0.003%$4.6M$4.0M50xas long as short
Kraken Futures PF_TRXUSD+0.0173%1h0.3448+0.045%$2.1M$1.2M25xas long as short
GMX TRX/USD [ETH-USDC]L +0.0367% / S −0.0395%1h0.3448+0.031%$20K100xas long as short
Deribit TRX_USDC-PERPETUALshort+0.0527%1h0.3450+0.097%$833K$417K25x