Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.057%
Price spread now: SunX against Backpack+0.058%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+0.416%+$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.058% dearer against Backpack than usual: you sell high and buy low: +$6 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 | 0.3441 | −0.0025 | get 0.0003% / 1h | 21m 06s | $58K | $4K | 10x |
| Short | SunX TRX-USDT | 0.3443 | 0.0100 | get 0.0100% / 8h | 1h 21m | $196K | $918K | 30x |
Backpack TRX_USDC_PERP
SunX TRX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $26.19
- Price spread: +0.058% → 0.000%
- $5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $13.95
- Costs to cover
- 0.180%
- Break-even
- 3.3 days
Slippage unknown: Backpack: no order-book sample; SunX: live order book, 51 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 SunX live order book, 51 min ago | 6.51 bp | 24.5 bp −$25 | 32.6 bp −$326 | 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 | 0.3441 | −0.003% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | +0.003% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0078% | 8h | 0.3440 | −0.024% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.044% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0056% | 8h | 0.3441 | +0.003% | $54.6M | $8.2M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0054% | 8h | 0.3441 | −0.006% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERPlong | −0.0025% | 1h | 0.3441 | long leg | $58K | $4K | 10x | |
| HTX TRX-USDT | −0.0018% | 8h | 0.3441 | −0.002% | $826K | $718K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.044% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3441 | +0.006% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
KuCoin TRXUSDTM
HTX TRX-USDT
dYdX TRX-USD
OKX TRX-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3443 | +0.052% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0008% | 8h | 0.3442 | +0.030% | $957K | $658K | 75x | as long as short |
| MEXC TRX_USDT | +0.0015% | 8h | 0.3442 | +0.020% | $18.2M | $1.7M | 200x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | +0.003% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.009% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDT | +0.0017% | 8h | 0.3442 | +0.024% | $99.3M | $48.3M | 75x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0026% | 1h | 0.3443 | +0.068% | $1.9M | $1.0M | 25x | as long as short |
| SoDEX TRX-USD | +0.0037% | 1h | 0.3441 | +0.015% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | −0.001% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0066% | 8h | 0.3442 | +0.017% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3442 | +0.017% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.037% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | +0.003% | $9.6M | $2.5M | 75x | as long as short |
| Orderly PERP_TRX_USDC | +0.0090% | 8h | 0.3441 | +0.012% | $14K | $107K | 20x | as long as short |
| Hyperliquid TRX | +0.0100% | 1h | 0.3443 | +0.067% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | +0.020% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDT | +0.0100% | 8h | 0.3441 | +0.003% | — | $40.0M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | +0.003% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | +0.049% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDTshort | +0.0100% | 8h | 0.3443 | +0.058% | $196K | $918K | 30x | |
| Deribit TRX_USDC-PERPETUAL | +0.0235% | 1h | 0.3444 | +0.103% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.032% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
MEXC TRX_USDT
Lighter TRX
Extended TRX-USD
Binance TRXUSDT
Kraken Futures PF_TRXUSD
SoDEX TRX-USD
Paradex TRX-USD-PERP
BloFin TRX-USDT
Phemex TRXUSDT
Aevo TRX-PERP
Gate TRX_USDT
Orderly PERP_TRX_USDC
Hyperliquid TRX
Bitget TRXUSDT
BingX TRX-USDT
edgeX TRXUSDC
ApeX Omni TRXUSDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]