Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.055%
Price spread now: Kraken Futures against Aster+0.099%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.099%, 7d avg +0.011%
=Together, before fees−0.478%+ Points / potential airdropAster: Stage 5 · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.089% dearer against Aster than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.011%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TRXUSDT | 0.3479 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $968K | $753K | 75x |
| Short | Kraken Futures PF_TRXUSD | 0.3482 | 0.0020 | get 0.0002% / 1h | 40m 07s | $2.4M | $1.9M | 25x |
Aster TRXUSDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Aster. 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
- −$16.86
- Price spread: +0.099% → +0.011%
- $8.89
- Slippage, 4 orders
- −$21.82
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$47.79
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Aster: live order book, 58 min ago; Kraken Futures: live order book, 3 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 Aster live order book, 58 min ago | 0.14 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 2.58 bp | 9.8 bp −$10 | 13.2 bp −$132 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX TRX-USDT | −0.0237% | 8h | 0.3481 | +0.059% | $834K | $957K | 75x | as long as short |
| Reya TRXRUSDPERP | −0.0133% | 1h | 0.3481 | +0.066% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3483 | +0.109% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3483 | +0.130% | $183K | $12K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3483 | +0.119% | $126K | — | 150x | as long as short |
| Kraken Futures PF_TRXUSDshort | +0.0020% | 1h | 0.3482 | +0.099% | $2.4M | $1.9M | 25x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −1.089% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERP | +0.0035% | 1h | 0.3481 | +0.072% | $62K | $5K | 10x | as long as short |
| BingX TRX-USDC | +0.0070% | 8h | 0.3482 | +0.101% | — | $6.5M | — | as long as short |
| Paradex TRX-USD-PERP | +0.0093% | 8h | 0.3481 | +0.074% | $9K | $251 | 20x | as long as short |
HTX TRX-USDT
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Backpack TRX_USDC_PERP
BingX TRX-USDC
Paradex TRX-USD-PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TRX | +0.0096% | 1h | 0.3482 | +0.086% | $487K | $671K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0099% | 8h | 0.3482 | +0.089% | $14K | $63K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3486 | +0.202% | $13.4M | $2.8M | 10x | as long as short |
| Aster TRXUSDTlong | +0.0100% | 8h | 0.3479 | long leg | $968K | $753K | 75x | |
| Binance TRXUSDT | +0.0100% | 8h | 0.3482 | +0.095% | $107.0M | $65.2M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3482 | +0.083% | $53.5M | $12.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3482 | +0.092% | $15.6M | $11.0M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3482 | +0.098% | $9.6M | $3.3M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3482 | +0.095% | $19.0M | $2.3M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3482 | +0.098% | $8.5M | $3.3M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3481 | +0.052% | $9.7M | $4.4M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3481 | +0.058% | $577K | $37K | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3482 | +0.085% | $594K | $503K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3484 | +0.138% | $116K | $611K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3480 | +0.043% | $198K | $1.4M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3482 | +0.092% | $403 | $5K | 5x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3482 | +0.092% | $3.9M | $2.0M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3481 | +0.055% | $205K | $1.2M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3480 | +0.027% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3482 | +0.092% | $4.8M | $4.1M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0410% / S −0.0492% | 1h | 0.3482 | +0.100% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0568% | 1h | 0.3486 | +0.207% | $842K | $721K | 25x | as long as short |
Lighter TRX
Orderly PERP_TRX_USDC
Hyperliquid TRX
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
SoDEX TRX-USD
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL