TRX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.077%

Price spread now: Backpack against dYdX−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.640%−$64 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.029% cheaper against dYdX than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.640%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TRX-USD	0.3474	0	get 0.0000% / 1h	18m 25s	$183K	$10K	10x
Short	Backpack TRX_USDC_PERP	0.3473	0.0100	get 0.0013% / 1h	18m 25s	$59K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee BackpackbpOrdersPrice spread, now −0.029%Rate

Funding earned: $21
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1.89
Costs to cover: 0.200%
Break-even: 7.6 days

Slippage unknown: dYdX: live order book, 46 min ago; Backpack: no order-book sample. 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 dYdX live order book, 46 min ago	79.89 bp	84.9 bp −$85	86.6 bp −$866	108.3 bp −$10.8K	470.4 bp −$235.2K
Sell Backpack no order-book sample	—	—	—	—	—

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	0.3474	−0.001%	$5	—	20x	as long as short
Phoenix TRX	−0.0023%	1h	0.3484	+0.282%	$5K	$14K	10x	as long as short
dYdX TRX-USDlong	0.0000%	1h	0.3474	long leg	$183K	$10K	10x
gTrade (Gains Network) TRX/USD	L +0.0003% / S −0.0007%	1h	0.3475	+0.022%	$122K	—	150x	as long as short
Injective TRX/USDC PERP	+0.0033%	1h	0.3441	−0.959%	$1K	$163K	12x	as long as short
BingX TRX-USDT	+0.0070%	8h	0.3475	+0.023%	—	$32.8M	—	as long as short
Lighter TRX	+0.0096%	1h	0.3476	+0.040%	$485K	$664K	10x	as long as short
Orderly PERP_TRX_USDC	+0.0097%	8h	0.3475	+0.011%	$14K	$122K	20x	as long as short
Paradex TRX-USD-PERP	+0.0099%	8h	0.3475	+0.021%	$9K	$251	20x	as long as short
Hyperliquid TRX	+0.0100%	1h	0.3478	+0.103%	$13.1M	$2.6M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TRXUSDT	+0.0100%	8h	0.3475	+0.023%	$962K	$691K	75x	as long as short
Binance TRXUSDT	+0.0100%	8h	0.3475	+0.011%	$105.2M	$57.4M	75x	as long as short
Bybit TRXUSDT	+0.0100%	8h	0.3475	+0.020%	$53.8M	$11.4M	75x	as long as short
OKX TRX-USDT-SWAP	+0.0100%	8h	0.3475	+0.017%	$15.6M	$9.5M	50x	as long as short
Gate TRX_USDT	+0.0100%	8h	0.3476	+0.043%	$9.7M	$2.9M	75x	as long as short
MEXC TRX_USDT	+0.0100%	8h	0.3475	+0.032%	$18.6M	$2.1M	200x	as long as short
KuCoin TRXUSDTM	+0.0100%	8h	0.3477	+0.066%	$8.6M	$3.5M	75x	as long as short
Bitget TRXUSDT	+0.0100%	8h	0.3475	+0.017%	$10.3M	$3.3M	75x	as long as short
Backpack TRX_USDC_PERPshort	+0.0100%	1h	0.3473	−0.029%	$59K	$4K	10x
Variational Omni TRX	+0.0100%	8h	0.3478	+0.102%	$568K	$36K	—	as long as short
edgeX TRXUSDC	+0.0100%	4h	0.3479	+0.128%	$593K	$467K	20x	as long as short
ApeX Omni TRXUSDT	+0.0100%	1h	0.3481	+0.184%	$116K	$562K	50x	as long as short
SunX TRX-USDT	+0.0100%	8h	0.3472	−0.055%	$197K	$1.2M	30x	as long as short
SoDEX TRX-USD	+0.0100%	1h	0.3474	+0.003%	$409	$5K	5x	as long as short
HTX TRX-USDT	+0.0100%	8h	0.3472	−0.058%	$839K	$828K	75x	as long as short
Phemex TRXUSDT	+0.0100%	8h	0.3475	+0.029%	$3.9M	$1.8M	50x	as long as short
Extended TRX-USD	+0.0104%	1h	0.3474	−0.020%	$198K	$1.0M	25x	as long as short
Aevo TRX-PERP	+0.0104%	1h	0.3473	−0.047%	$34K	—	3x	as long as short
BloFin TRX-USDT	+0.0220%	8h	0.3474	−0.017%	$4.7M	$3.9M	50x	as long as short
GMX TRX/USD [ETH-USDC]	L +0.0403% / S −0.0481%	1h	0.3475	+0.029%	$20K	—	100x	as long as short
Deribit TRX_USDC-PERPETUAL	+0.0582%	1h	0.3478	+0.113%	$845K	$502K	25x	as long as short
Kraken Futures PF_TRXUSD	+0.0585%	1h	0.3476	+0.041%	$2.4M	$1.7M	25x	as long as short