Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.044%
Price spread now: Backpack against edgeX+0.029%85s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.298%−$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Backpack is 0.029% dearer against edgeX than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.298% in total) that is about 16 hours. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX TRXUSDC | 0.3471 | 0.0100 | pay 0.0050% / 4h | 55m 57s | $592K | $473K | 20x |
| Short | Backpack TRX_USDC_PERP | 0.3472 | 0.0047 | get 0.0006% / 1h | 55m 57s | $62K | $5K | 10x |
edgeX TRXUSDC
Backpack TRX_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- −$11.04
- Price spread: +0.029% → 0.000%
- $2.91
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$27.13
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 3 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 edgeX live order book, 3 min ago | 1.15 bp | 5.7 bp −$6 | 7.2 bp −$72 | doesn't fit | doesn't fit |
| 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 | 0.3473 | +0.052% | $5 | — | 20x | as long as short |
| Phoenix TRX | −0.0023% | 1h | 0.3473 | +0.046% | $5K | $13K | 10x | as long as short |
| dYdX TRX-USD | 0.0000% | 1h | 0.3473 | +0.046% | $182K | $10K | 10x | as long as short |
| gTrade (Gains Network) TRX/USD | L +0.0003% / S −0.0007% | 1h | 0.3473 | +0.060% | $122K | — | 150x | as long as short |
| Injective TRX/USDC PERP | +0.0033% | 1h | 0.3441 | −0.873% | $1K | $163K | 12x | as long as short |
| Backpack TRX_USDC_PERPshort | +0.0047% | 1h | 0.3472 | +0.029% | $62K | $5K | 10x | |
| BingX TRX-USDT | +0.0070% | 8h | 0.3473 | +0.058% | — | $32.8M | — | as long as short |
| Lighter TRX | +0.0096% | 1h | 0.3473 | +0.049% | $484K | $664K | 10x | as long as short |
| Orderly PERP_TRX_USDC | +0.0098% | 8h | 0.3473 | +0.043% | $15K | $123K | 20x | as long as short |
| Paradex TRX-USD-PERP | +0.0099% | 8h | 0.3473 | +0.045% | $9K | $251 | 20x | as long as short |
Reya TRXRUSDPERP
Phoenix TRX
dYdX TRX-USD
gTrade (Gains Network) TRX/USD
Injective TRX/USDC PERP
BingX TRX-USDT
Lighter 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TRX | +0.0100% | 1h | 0.3475 | +0.113% | $13.1M | $2.6M | 10x | as long as short |
| Aster TRXUSDT | +0.0100% | 8h | 0.3472 | +0.031% | $963K | $694K | 75x | as long as short |
| Binance TRXUSDT | +0.0100% | 8h | 0.3473 | +0.055% | $105.1M | $58.4M | 75x | as long as short |
| Bybit TRXUSDT | +0.0100% | 8h | 0.3473 | +0.035% | $53.7M | $11.6M | 75x | as long as short |
| OKX TRX-USDT-SWAP | +0.0100% | 8h | 0.3473 | +0.055% | $15.5M | $9.6M | 50x | as long as short |
| Gate TRX_USDT | +0.0100% | 8h | 0.3473 | +0.046% | $9.6M | $2.9M | 75x | as long as short |
| MEXC TRX_USDT | +0.0100% | 8h | 0.3473 | +0.055% | $18.8M | $2.1M | 200x | as long as short |
| KuCoin TRXUSDTM | +0.0100% | 8h | 0.3474 | +0.090% | $8.6M | $3.5M | 75x | as long as short |
| Bitget TRXUSDT | +0.0100% | 8h | 0.3473 | +0.064% | $10.3M | $3.3M | 75x | as long as short |
| Variational Omni TRX | +0.0100% | 8h | 0.3472 | +0.018% | $568K | $37K | — | as long as short |
| edgeX TRXUSDClong | +0.0100% | 4h | 0.3471 | long leg | $592K | $473K | 20x | |
| ApeX Omni TRXUSDT | +0.0100% | 1h | 0.3472 | +0.032% | $115K | $562K | 50x | as long as short |
| SunX TRX-USDT | +0.0100% | 8h | 0.3473 | +0.039% | $197K | $1.2M | 30x | as long as short |
| SoDEX TRX-USD | +0.0100% | 1h | 0.3473 | +0.055% | $408 | $5K | 5x | as long as short |
| HTX TRX-USDT | +0.0100% | 8h | 0.3473 | +0.047% | $835K | $839K | 75x | as long as short |
| Phemex TRXUSDT | +0.0100% | 8h | 0.3474 | +0.069% | $3.9M | $1.8M | 50x | as long as short |
| Extended TRX-USD | +0.0104% | 1h | 0.3472 | +0.032% | $195K | $1.0M | 25x | as long as short |
| Aevo TRX-PERP | +0.0104% | 1h | 0.3471 | +0.001% | $34K | — | 3x | as long as short |
| BloFin TRX-USDT | +0.0220% | 8h | 0.3473 | +0.058% | $4.7M | $3.9M | 50x | as long as short |
| Kraken Futures PF_TRXUSD | +0.0261% | 1h | 0.3474 | +0.072% | $2.4M | $1.7M | 25x | as long as short |
| GMX TRX/USD [ETH-USDC] | L +0.0404% / S −0.0481% | 1h | 0.3474 | +0.064% | $20K | — | 100x | as long as short |
| Deribit TRX_USDC-PERPETUAL | +0.0620% | 1h | 0.3476 | +0.144% | $844K | $503K | 25x | as long as short |
Hyperliquid TRX
Aster TRXUSDT
Binance TRXUSDT
Bybit TRXUSDT
OKX TRX-USDT-SWAP
Gate TRX_USDT
MEXC TRX_USDT
KuCoin TRXUSDTM
Bitget TRXUSDT
Variational Omni TRX
ApeX Omni TRXUSDT
SunX TRX-USDT
SoDEX TRX-USD
HTX TRX-USDT
Phemex TRXUSDT
Extended TRX-USD
Aevo TRX-PERP
BloFin TRX-USDT
Kraken Futures PF_TRXUSD
GMX TRX/USD [ETH-USDC]
Deribit TRX_USDC-PERPETUAL