Funding you earn now, next payment 07:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.014%
Price spread now: gTrade (Gains Network) against Phemex+0.011%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2842.838% of the position
Funding, last 3 days (all we have)−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.011%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TRXUSDT | 0.3486 | 0.0100 | pay 0.0100% / 8h | 1h 46m | $4.0M | $2.0M | 50x |
| Short | gTrade (Gains Network) TRX/USD | 0.3487 | L +0.0003% / S −0.0008% | get 0.0001% / 1h | 46m 52s | $123K | — | 150x |
Phemex TRXUSDT
gTrade (Gains Network) TRX/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$19.37
- Price spread: +0.011% → +0.015%
- −$0.35
- Slippage, 4 orders
- −$261.78
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$303.5
- Costs to cover
- 2.838%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 62 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, 2 min ago | 0.14 bp | 6.7 bp −$7 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 62 min ago | 130.02 bp | 135.0 bp −$135 | 205.2 bp −$2,052 | 2197.0 bp −$219.7K | 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 | 0.3485 | −0.028% | $5 | — | 20x | as long as short |
| HTX TRX-USDT | −0.0006% | 8h | 0.3485 | −0.029% | $833K | $936K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3486 | +0.005% | $183K | $12K | 10x | as long as short |
| Phoenix TRX | 0.0000% | 1h | 0.3488 | +0.052% | $5K | $14K | 10x | as long as short |
| gTrade (Gains Network) TRX/USDshort | L +0.0003% / S −0.0008% | 1h | 0.3487 | +0.011% | $123K | — | 150x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.297% | $1K | $163K | 12x | as long as short |
| BingX TRX-USDT | +0.0070% | 8h | 0.3486 | −0.003% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3486 | −0.006% | $487K | $670K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0100% | 8h | 0.3486 | −0.010% | $9K | $251 | 20x | as long as short |
| Orderly PERP_TRX_USDC | +0.0100% | 8h | 0.3486 | +0.003% | $14K | $60K | 20x | as long as short |
Reya TRXRUSDPERP
HTX TRX-USDT
dYdX TRX-USD
Phoenix TRX
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter TRX
Paradex TRX-USD-PERP
Orderly PERP_TRX_USDCShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3489 | +0.089% | $13.3M | $2.7M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3486 | −0.012% | $966K | $701K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3486 | +0.005% | $107.3M | $62.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3486 | −0.006% | $53.6M | $12.5M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3486 | −0.014% | $15.5M | $10.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3486 | 0.000% | $9.7M | $3.1M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3487 | +0.009% | $18.9M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3487 | +0.032% | $8.5M | $3.4M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3485 | −0.029% | $9.8M | $4.3M | 75x | as long as short |
| Backpack TRX_USDC_PERP | +0.0100% | 1h | 0.3485 | −0.023% | $62K | $5K | 10x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3484 | −0.065% | $570K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3486 | +0.004% | $595K | $466K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3487 | +0.017% | $116K | $582K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3485 | −0.048% | $198K | $1.3M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3486 | −0.003% | $413 | $5K | 5x | as long as short |
| Phemex TRXUSDTlong | +0.0100% | 8h | 0.3486 | long leg | $4.0M | $2.0M | 50x | |
| Extended TRX-USD | +0.0104% | 1h | 0.3485 | −0.045% | $195K | $919K | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3485 | −0.043% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3487 | +0.011% | $4.8M | $4.0M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0252% | 1h | 0.3487 | +0.025% | $2.4M | $1.8M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0411% / S −0.0492% | 1h | 0.3486 | +0.006% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0883% | 1h | 0.3490 | +0.123% | $908K | $681K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Backpack TRX_USDC_PERP
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL