Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.039%
Price spread now: Kraken Futures against Binance+0.044%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.044%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kraken Futures is 0.021% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TRXUSDT | 0.3442 | 0.0017 | pay 0.0017% / 8h | 1h 21m | $99.3M | $48.3M | 75x |
| Short | Kraken Futures PF_TRXUSD | 0.3443 | 0.0026 | get 0.0003% / 1h | 21m 17s | $1.9M | $1.0M | 25x |
Binance TRXUSDT
Kraken Futures PF_TRXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $2.08
- Price spread: +0.044% → +0.023%
- $2.11
- Slippage, 4 orders
- −$9.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$25.13
- Costs to cover
- 0.293%
- Break-even
- 91.6 days
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 2 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 Binance live order book, 7 min ago | 0.14 bp | 5.9 bp −$6 | 9.8 bp −$98 | 30.8 bp −$3,083 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 1.89 bp | 9.0 bp −$9 | 19.4 bp −$194 | 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 | 0.3441 | −0.026% | $5 | — | 20x | as long as short |
| Injective TRX/USDC PERP | −0.0120% | 1h | 0.3441 | −0.021% | $1K | $163K | 12x | as long as short |
| Variational Omni TRX | −0.0078% | 8h | 0.3440 | −0.048% | $563K | $39K | — | as long as short |
| Phoenix TRX | −0.0070% | 1h | 0.3442 | +0.020% | $5K | $13K | 10x | as long as short |
| Bybit TRXUSDT | −0.0056% | 8h | 0.3441 | −0.021% | $54.6M | $8.2M | 75x | as long as short |
| KuCoin TRXUSDTM | −0.0054% | 8h | 0.3441 | −0.030% | $8.7M | $3.6M | 75x | as long as short |
| Backpack TRX_USDC_PERP | −0.0024% | 1h | 0.3441 | −0.027% | $58K | $4K | 10x | as long as short |
| HTX TRX-USDT | −0.0018% | 8h | 0.3441 | −0.026% | $826K | $718K | 75x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3442 | +0.020% | $181K | $10K | 10x | as long as short |
| OKX TRX-USDT-SWAP | +0.0001% | 8h | 0.3441 | −0.018% | $15.6M | $8.8M | 50x | as long as short |
Reya TRXRUSDPERP
Injective TRX/USDC PERP
Variational Omni TRX
Phoenix TRX
Bybit TRXUSDT
KuCoin TRXUSDTM
Backpack TRX_USDC_PERP
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 | +0.028% | $121K | — | 150x | as long as short |
| Aster TRXUSDT | +0.0008% | 8h | 0.3442 | +0.006% | $957K | $658K | 75x | as long as short |
| MEXC TRX_USDT | +0.0015% | 8h | 0.3441 | −0.009% | $18.2M | $1.7M | 200x | as long as short |
| Lighter TRX | +0.0016% | 1h | 0.3441 | −0.027% | $482K | $637K | 10x | as long as short |
| Extended TRX-USD | +0.0016% | 1h | 0.3441 | −0.033% | $196K | $1.1M | 25x | as long as short |
| Binance TRXUSDTlong | +0.0017% | 8h | 0.3442 | long leg | $99.3M | $48.3M | 75x | |
| Kraken Futures PF_TRXUSDshort | +0.0026% | 1h | 0.3443 | +0.044% | $1.9M | $1.0M | 25x | |
| SoDEX TRX-USD | +0.0037% | 1h | 0.3441 | −0.009% | $405 | $5K | 5x | as long as short |
| Paradex TRX-USD-PERP | +0.0053% | 8h | 0.3441 | −0.025% | $9K | $385 | 20x | as long as short |
| BloFin TRX-USDT | +0.0061% | 8h | 0.3441 | −0.009% | $4.6M | $4.0M | 50x | as long as short |
| Phemex TRXUSDT | +0.0077% | 8h | 0.3442 | −0.006% | $3.8M | $1.6M | 50x | as long as short |
| Aevo TRX-PERP | +0.0088% | 1h | 0.3440 | −0.061% | $33K | — | 3x | as long as short |
| Gate TRX_USDT | +0.0089% | 8h | 0.3441 | −0.021% | $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 | +0.040% | $13.2M | $2.2M | 10x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3442 | +0.002% | $9.4M | $2.0M | 75x | as long as short |
| BingX TRX-USDC | +0.0100% | 8h | 0.3441 | −0.015% | — | $6.5M | — | as long as short |
| edgeX TRXUSDC | +0.0100% | 4h | 0.3441 | −0.020% | $587K | $431K | 20x | as long as short |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3443 | +0.026% | $115K | $547K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3443 | +0.034% | $196K | $918K | 30x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0235% | 1h | 0.3444 | +0.079% | $832K | $411K | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0366% / S −0.0395% | 1h | 0.3442 | +0.008% | $20K | — | 100x | as long as short |
gTrade (Gains Network) TRX/USD
Aster TRXUSDT
MEXC TRX_USDT
Lighter TRX
Extended TRX-USD
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-USDC
edgeX TRXUSDC
ApeX Omni TRXUSDT
SunX TRX-USDT
Deribit TRX_USDC-PERPETUAL
GMX TRX/USD [ETH-USDC]