Funding you earn now, next payment 02:00 UTC+0.0692%/8h= +75.7% APRnext payment +$0.86 per $10,000 · paid last 24h +0.113%
Price spread now: Deribit against Reya−0.025%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Deribit is 0.025% cheaper against Reya than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$21 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya TRXRUSDPERP | 0.3467 | −0.0133 | get 0.0017% / 1h | 42m 22s | $5 | — | 20x |
| Short | Deribit TRX_USDC-PERPETUAL | 0.3467 | 0.0558 | get 0.0070% / 1h | 42m 22s | $785K | $424K | 25x |
Reya TRXRUSDPERP
Deribit TRX_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. 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
- $145.24
- Price spread: −0.025% → 0.000%
- −$2.46
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $129.79
- Costs to cover
- 0.130%
- Break-even
- 0.7 days
Slippage unknown: Reya: no order-book sample; Deribit: live order book, 27 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 27 min ago | 1.15 bp | 4.9 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
Reya: 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 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 TRXRUSDPERPlong | −0.0133% | 1h | 0.3467 | long leg | $5 | — | 20x | |
| Phoenix TRX | −0.0046% | 1h | 0.3468 | +0.012% | $5K | $14K | 10x | as long as short |
| KuCoin TRXUSDTM | −0.0031% | 8h | 0.3467 | −0.022% | $8.7M | $3.5M | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3464 | −0.084% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3467 | −0.022% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERP | +0.0018% | 1h | 0.3459 | −0.227% | $59K | $4K | 10x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.761% | $1K | $163K | 12x | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3466 | −0.034% | $14K | $119K | 20x | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3464 | −0.086% | $485K | $618K | 10x | as long as short |
| Paradex TRX-USD-PERP | +0.0096% | 8h | 0.3464 | −0.087% | $9K | $251 | 20x | as long as short |
Phoenix TRX
KuCoin TRXUSDTM
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Backpack TRX_USDC_PERP
Injective TRX/USDC PERP
Orderly PERP_TRX_USDC
Lighter TRX
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3469 | +0.035% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3466 | −0.051% | $957K | $669K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3467 | −0.023% | $102.0M | $50.2M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3467 | −0.011% | $55.0M | $9.4M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3466 | −0.028% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3466 | −0.031% | $9.7M | $2.6M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3466 | −0.042% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3467 | −0.008% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3467 | −0.014% | — | $32.9M | — | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3466 | −0.041% | $566K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3466 | −0.053% | $591K | $446K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3465 | −0.066% | $115K | $566K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3459 | −0.253% | $197K | $1.0M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | −0.164% | $408 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.175% | $832K | $794K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3462 | −0.149% | $3.9M | $1.7M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3465 | −0.057% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3464 | −0.094% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3465 | −0.063% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3466 | −0.045% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3464 | −0.107% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUALshort | +0.0558% | 1h | 0.3467 | −0.025% | $785K | $424K | 25x |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
Variational Omni TRX
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD