TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.018%

Price spread now: Kraken Futures against ApeX Omni−0.021%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.021%, 7d avg +0.019%

Together, before fees−0.452%−$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.040% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.019%). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.348%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TRXUSDT	0.3477	0.0100	pay 0.0013% / 1h	24m 52s	$116K	$564K	50x
Short	Kraken Futures PF_TRXUSD	0.3477	0.0261	get 0.0033% / 1h	24m 52s	$2.4M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.021%Rate

Funding earned: $33.82
Price spread: −0.021% → +0.019%: −$4.03
Slippage, 4 orders: −$32.2
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$22.4
Costs to cover: 0.522%
Break-even: 11.6 days

Slippage from ApeX Omni: live order book, 33 min ago; Kraken Futures: 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 ApeX Omni live order book, 33 min ago	4.61 bp	12.0 bp −$12	94.0 bp −$940	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	8.91 bp	14.5 bp −$14	21.8 bp −$218	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	0.3475	−0.070%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3478	+0.029%	$5K	$14K	10x	as long as short
dYdX TRX-USD	0.0000%	1h	0.3476	−0.029%	$183K	$10K	10x	as long as short
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0008%	1h	0.3477	−0.021%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−1.047%	$1K	$163K	12x	as long as short
Backpack TRX_USDC_PERP	+0.0044%	1h	0.3475	−0.060%	$62K	$5K	10x	as long as short
BingX TRX-USDC	+0.0070%	8h	0.3476	−0.043%	—	$6.5M	—	as long as short
Paradex TRX-USD-PERP	+0.0093%	8h	0.3476	−0.048%	$9K	$251	20x	as long as short
Lighter TRX	+0.0096%	1h	0.3476	−0.049%	$485K	$669K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0099%	8h	0.3476	−0.043%	$15K	$100K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TRX	+0.0100%	1h	0.3479	+0.035%	$13.1M	$2.6M	10x	as long as short
Aster TRXUSDT	+0.0100%	8h	0.3476	−0.049%	$963K	$696K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3476	−0.046%	$105.3M	$58.8M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3476	−0.040%	$53.6M	$11.7M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3475	−0.060%	$15.5M	$9.8M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3476	−0.043%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3476	−0.046%	$18.8M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3477	−0.009%	$8.6M	$3.4M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3476	−0.043%	$10.3M	$3.3M	75x	as long as short
Variational Omni TRX	+0.0100%	8h	0.3475	−0.073%	$569K	$37K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3475	−0.057%	$593K	$472K	20x	as long as short
ApeX Omni TRXUSDTlong	+0.0100%	1h	0.3477	long leg	$116K	$564K	50x
SunX TRX-USDT	+0.0100%	8h	0.3474	−0.090%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3476	−0.049%	$405	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3475	−0.078%	$834K	$847K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3476	−0.032%	$3.9M	$1.9M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3475	−0.079%	$195K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3474	−0.093%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3476	−0.049%	$4.7M	$3.9M	50x	as long as short
Kraken Futures PF_TRXUSDshort	+0.0261%	1h	0.3477	−0.021%	$2.4M	$1.7M	25x
GMX TRX/USD [ETH-USDC]	L +0.0404% / S −0.0481%	1h	0.3476	−0.027%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0659%	1h	0.3480	+0.069%	$843K	$504K	25x	as long as short