Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.014%
Price spread now: Extended against Phemex−0.044%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.044%, 7d avg −0.048%
=Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3481 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $3.9M | $2.0M | 50x |
| Short | Extended TRX-USD | 0.3479 | 0.0104 | get 0.0013% / 1h | 57m 11s | $213K | $1.1M | 25x |
Phemex TRXUSDT
Extended TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phemex. 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
- $0.84
- Price spread: −0.044% → −0.048%
- $0.37
- Slippage, 4 orders
- −$11.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$26.99
- Costs to cover
- 0.282%
- Break-even
- 231.9 days
Slippage from Phemex: live order book, 5 min ago; Extended: live order book, 4 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 Phemex live order book, 5 min ago | 0.14 bp | 10.0 bp −$10 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 0.14 bp | 3.5 bp −$3 | 9.3 bp −$93 | doesn't fit | doesn't fit |
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 | −0.0315% | 8h | 0.3478 | −0.080% | $963K | $927K | 75x | as long as short |
| HTX TRX-USDT | −0.0217% | 8h | 0.3477 | −0.087% | $832K | $884K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3479 | −0.040% | $5 | — | 20x | as long as short |
| Backpack TRX_USDC_PERP | −0.0086% | 1h | 0.3480 | −0.014% | $57K | $8K | 10x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3482 | +0.040% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3481 | +0.020% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0008% | 1h | 0.3481 | +0.009% | $137K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.135% | $1K | $163K | 12x | as long as short |
| SoDEX TRX-USD | +0.0056% | 1h | 0.3481 | 0.000% | $404 | $5K | 5x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3481 | 0.000% | — | $6.5M | — | as long as short |
Aster TRXUSDT
HTX TRX-USDT
Reya TRXRUSDPERP
Backpack TRX_USDC_PERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
SoDEX TRX-USD
BingX TRX-USDCShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3481 | +0.006% | $482K | $656K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3480 | −0.017% | $14K | $71K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3480 | −0.020% | $9K | $52 | 20x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3480 | −0.003% | $107.1M | $63.7M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3480 | −0.014% | $53.4M | $13.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3481 | +0.006% | $15.4M | $11.4M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3481 | 0.000% | $9.6M | $3.2M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3481 | 0.000% | $19.1M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3480 | −0.003% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3480 | −0.026% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3481 | +0.005% | $577K | $28K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.047% | $594K | $506K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3483 | +0.066% | $117K | $619K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3479 | −0.049% | $198K | $1.3M | 30x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3481 | long leg | $3.9M | $2.0M | 50x | |
| Extended TRX-USDshort | +0.0104% | 1h | 0.3479 | −0.044% | $213K | $1.1M | 25x | |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3478 | −0.068% | $34K | — | 3x | as long as short |
| Hyperliquid TRX | +0.0135% | 1h | 0.3485 | +0.124% | $14.3M | $2.8M | 10x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3481 | 0.000% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0269% | 1h | 0.3480 | −0.003% | $2.4M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0409% / S −0.0492% | 1h | 0.3481 | +0.023% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0557% | 1h | 0.3484 | +0.104% | $805K | $723K | 25x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Paradex TRX-USD-PERP
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Aevo TRX-PERP
Hyperliquid TRX
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL