Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%
Price spread now: Extended against Backpack−0.012%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.155%+$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), 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 | Backpack TRX_USDC_PERP | 0.3460 | 0.0002 | pay 0.0000% / 1h | 56m 49s | $59K | $4K | 10x |
| Short | Extended TRX-USD | 0.3460 | 0.0096 | get 0.0012% / 1h | 56m 49s | $196K | $1.0M | 25x |
Backpack TRX_USDC_PERP
Extended TRX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $19.83
- Price spread: −0.012% → 0.000%
- −$1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $3.66
- Costs to cover
- 0.150%
- Break-even
- 5.7 days
Slippage unknown: Backpack: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago | 0.14 bp | 3.5 bp −$4 | 11.6 bp −$116 | 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 | 0.3461 | +0.032% | $5 | — | 20x | as long as short |
| KuCoin TRXUSDTM | −0.0059% | 8h | 0.3462 | +0.052% | $8.7M | $3.5M | 75x | as long as short |
| Phoenix TRX | −0.0046% | 1h | 0.3462 | +0.061% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3462 | +0.064% | $182K | $10K | 10x | as long as short |
| Backpack TRX_USDC_PERPlong | +0.0002% | 1h | 0.3460 | long leg | $59K | $4K | 10x | |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3462 | +0.068% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.552% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | +0.0083% | 8h | 0.3461 | +0.023% | $565K | $37K | — | as long as short |
| Orderly PERP_TRX_USDC | +0.0092% | 8h | 0.3462 | +0.040% | $15K | $107K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0094% | 8h | 0.3461 | +0.034% | $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 | 0.3461 | +0.017% | $484K | $618K | 10x | as long as short |
| Extended TRX-USDshort | +0.0096% | 1h | 0.3460 | −0.012% | $196K | $1.0M | 25x | |
| MEXC TRX_USDT | +0.0097% | 8h | 0.3460 | +0.009% | $18.6M | $1.9M | 200x | as long as short |
| Binance TRXUSDT | +0.0099% | 8h | 0.3461 | +0.035% | $101.5M | $49.0M | 75x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3463 | +0.090% | $13.2M | $2.3M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3461 | +0.026% | $956K | $667K | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3461 | +0.026% | $55.1M | $8.7M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3462 | +0.043% | $15.5M | $8.5M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3461 | +0.026% | $9.7M | $2.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3462 | +0.058% | $10.4M | $3.1M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3462 | +0.043% | — | $32.9M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3461 | +0.026% | $591K | $439K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3463 | +0.084% | $115K | $568K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3458 | −0.047% | $197K | $979K | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3462 | +0.049% | $403 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3461 | +0.012% | $831K | $779K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3462 | +0.046% | $3.9M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3460 | −0.016% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0219% | 8h | 0.3462 | +0.049% | $4.5M | $3.9M | 50x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0402% / S −0.0481% | 1h | 0.3462 | +0.049% | $20K | — | 100x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0525% | 1h | 0.3463 | +0.088% | $2.3M | $1.5M | 25x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0536% | 1h | 0.3465 | +0.152% | $844K | $425K | 25x | as long as short |
Lighter TRX
MEXC TRX_USDT
Binance TRXUSDT
Hyperliquid TRX
Aster TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
BloFin TRX-USDT
GMX TRX/USD [ETH-USDC]
Kraken Futures PF_TRXUSD
Deribit TRX_USDC-PERPETUAL