Funding you earn now, next payment 02:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.029%
Price spread now: Aster against Backpack+0.023%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.023% dearer against Backpack than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TRX_USDC_PERP | 0.3463 | 0.0020 | pay 0.0003% / 1h | 52m 37s | $59K | $4K | 10x |
| Short | Aster TRXUSDT | 0.3464 | 0.0100 | get 0.0100% / 8h | 6h 52m | $957K | $668K | 75x |
Backpack TRX_USDC_PERP
Aster TRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- $16.78
- Price spread: +0.023% → 0.000%
- $2.31
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $1.09
- Costs to cover
- 0.180%
- Break-even
- 6.5 days
Slippage unknown: Backpack: no order-book sample; Aster: live order book, 15 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 15 min ago | 0.14 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Backpack: 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 TRXRUSDPERP | −0.0133% | 1h | 0.3464 | +0.029% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0053% | 8h | 0.3465 | +0.064% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3463 | −0.009% | $5K | $14K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3464 | +0.045% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3464 | +0.035% | $122K | — | 150x | as long as short |
| Backpack TRX_USDC_PERPlong | +0.0020% | 1h | 0.3463 | long leg | $59K | $4K | 10x | |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.632% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | +0.0090% | 8h | 0.3461 | −0.056% | $565K | $37K | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0093% | 8h | 0.3463 | +0.003% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0095% | 8h | 0.3464 | +0.022% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
KuCoin TRXUSDTM
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
Variational Omni TRX
Orderly PERP_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 | 0.3463 | +0.017% | $485K | $618K | 10x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3466 | +0.081% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDTshort | +0.0100% | 8h | 0.3464 | +0.023% | $957K | $668K | 75x | |
| Binance TRXUSDT | +0.0100% | 8h | 0.3464 | +0.042% | $101.7M | $49.5M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3465 | +0.061% | $55.1M | $8.8M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3464 | +0.046% | $15.5M | $8.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3464 | +0.035% | $9.7M | $2.5M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3464 | +0.040% | $18.6M | $1.9M | 200x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3466 | +0.081% | $10.4M | $3.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3464 | +0.032% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3461 | −0.061% | $590K | $440K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | +0.003% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3461 | −0.069% | $197K | $985K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3464 | +0.038% | $408 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3462 | −0.029% | $832K | $782K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3464 | +0.032% | $3.9M | $1.6M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3464 | +0.022% | $196K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3462 | −0.032% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3464 | +0.038% | $4.6M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0403% / S −0.0481% | 1h | 0.3464 | +0.025% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3465 | +0.062% | $2.3M | $1.6M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0547% | 1h | 0.3467 | +0.120% | $785K | $424K | 25x | as long as short |
Lighter TRX
Hyperliquid TRX
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
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
Deribit TRX_USDC-PERPETUAL